Class A Industrial Distribution Facility at Centerra Trades
McWhinney’s Centerra Industrial Building IV, a newly constructed, Class A, 122,806-square-foot industrial facility with an adjacent parking lot at Centerra, a master-planned community in Loveland, has sold to Mark IV Capital for an undisclosed price. JLL marketed the property on behalf of McWhinney.
Centerra Industrial Building IV is fully leased to a global e-commerce company. The building was completed in late 2019, and features tilt-up concrete construction, extra land for ample parking, 24- to 30-foot clear ceiling heights, 12 truck doors, 50 dock doors and ESFR fire suppression.
Situated on 20.64 acres at 4541-4555 Viking Way within Centerra, the facility is part of Centerra’s master-planned community in Loveland, situated less than 50 miles directly north of downtown Denver. The property offers direct access to Interstate 25, Colorado’s main north-south expressway through Wyoming, Colorado and New Mexico, and also provides convenient access to Interstates 270 and 76, allowing even more regional transportation access to Colorado’s growing population.
The JLL Capital Markets team was led by managing directors Larry Thiel and Britton Burdette, senior managing directors Bo Mills and Eric Tupler, senior director Brock Yaffe and associate Rachel Vogel.
“The marketing of Centerra Industrial Building IV saw several new-to-the-sector investors looking for an opportunity to place capital in an e-commerce facility,” Thiel said. “Our team was honored to advise Colorado-based McWhinney on this Class A asset in the prized Centerra Master Plan development.”