Multi-Tenant Industrial/Flex Building Sells in Louisville, Transformation Underway
DENVER – Denver-based DPC Companies and Boston-based Long Wharf Capital are pleased to announce the purchase of 333-335 Centennial Parkway, a 404,000-square-foot multi-tenant industrial/flex building located in Louisville, Colorado, one of Denver’s premier northwest suburban submarkets along the Denver-Boulder corridor on U.S. 36.
Alec Rhodes, R.C. Myles, Jim Brady and Campbell Davis with the Cushman & Wakefield Denver office had the exclusive listing to sell the property on behalf of W.P. Carey Inc., a leading global net-lease REIT.
DPC and Long Wharf will be transforming the property by immediately embarking on a multi-million-dollar renovation including new tenant entrances, a renovated interior and enhanced loading. The transformation will also include a new name and brand to highlight the property’s ultra-connectivity to Boulder, U.S. 36 and Denver.
“We are excited about the opportunity to partner with DPC to re-position and stabilize a well-located asset in a tightly occupied and highly sought-after market,” said John Schonborn, Director at Long Wharf Capital.
“This is an exciting opportunity to re-engage in the northwest submarket with a significant and important asset,” said Chris King, President of DPC Companies. “We have known the Long Wharf team for several years and are pleased to have this opportunity to work together.”
Chris Ball, Alec Rhodes and Joe Krahn will be handling the leasing of the available 201,000 square feet of space. “For tenants desiring a Boulder/Broomfield location, 333-335 Centennial Parkway offers functional and flexible space to accommodate manufacturing, warehouse, office and R&D uses with mountain views, 28-foot clear ceiling clearance, excellent power infrastructure, and an unparalleled location with access to U.S. Highway 36 and other tremendous amenities,” said Ball.
The current tenants at 333-335 Centennial Parkway include Bestop, a leader in the supply of Jeep and Truck accessories for over 50 years, and ServTech Inc., a manufacturer of electrical motor controls used in oil field pumping and compression equipment.
Image courtesy of Cushman & Wakefield.