LBA Realty, a full-service real estate investment and management company with a diverse portfolio of office properties, has acquired Dove Valley Logistics Centre II, a 304,620-square-foot Class A warehouse in Englewood. A sale price was not disclosed.
JLL Capital Markets worked on behalf of the seller BlueScope Properties Group.
The cross-dock warehouse built in 2023 boasts best-in-class features, including 89 dock high doors, 36-foot clear height, 60-foot column spacing, and ESFR sprinklers. Additionally, the property has 6,700 square feet of office space, complete with an employee break area, wellness room, conference room and security station. The property is 100% leased to a leading e-commerce giant.
Located at 7800 S Fairplay St. in Denver’s Southeast submarket, the property provides excellent access to both I-25 and E-470 and resides within close proximity of the highest concentration of executive housing in the entire Denver metro area.
“This was our second development and sale in the Southeast Denver market, and JLL came through again with delivering a fantastic tenant and running a first-in-class sales process,” said Matt Roth, president of BlueScope Properties Group. “LBA’s approach to due diligence and purchase process was completely professional and seamless, and I congratulate LBA on acquiring this Class A facility.”
The JLL Investment Sales and Advisory team was led by Senior Managing Director Sean Devaney and Director Rob Key.
“The sale of Dove Valley Logistics Center II underscores the strong investor demand for industrial product in Denver’s Southeast submarket,” said Key. “With its strategic location providing connectivity to the entire Denver metropolitan area, particularly South Denver and the growing population along the I-25 corridor, it comes as no surprise that this submarket continues to attract institutional capital.”
