Park Industrial, a 466,270-square-foot, 13-building industrial portfolio strategically positioned at the intersection of Interstate 270 and 58th Ave. in Commerce City, has sold to Denver-based Speed Bay Warehouse Solutions for an undisclosed amount.
represented the buyer, Speed Bay Warehouse Solutions, in the off-market transaction. KEW Realty, a private Denver-based investor that owned the properties for multiple decades, was the seller.
The Park Industrial portfolio comprises two phases spanning property vintages from 1968 to 2017. Phase 1-3 encompasses 311,270 square feet across 10 buildings, averaging 1987 vintage with clear heights of 18 to 20 feet. Phase 4 includes 155,000 square feet across three modern buildings, averaging 2013 vintage with 24-foot clear heights. The portfolio offers exceptional flexibility with tenant spaces ranging from 2,500 to 35,000 square feet and averaging 8,600 square feet. The properties feature low office finishes across all units, catering primarily to distribution and light industrial users.
The portfolio’s Commerce City location provides immediate access to major transportation corridors while serving a 10-mile radius containing 1.4 million residents. The infill positioning offers limited new supply competition while maintaining proximity to a deep labor pool and Denver’s urban core.
The properties are located at 5690, 5700 and 5710 East 56th Ave.; 5750, 5800, 5900, 6000, 6050 and 6100 East 58th Ave.; 6125 East 56th Ave.; and 6300, 6340 and 6360 East 58th Ave.
“I would like to thank Anita Youngblut, Phil Shovein and everyone on the KEW Realty team as well as the JLL and Speed Bay teams for their excellent work to bring this transaction to a successful conclusion,” said David Spira, president and CEO of KEW Realty. “KEW Realty assembled and built this portfolio for over four decades. We are very proud of this accomplishment.”
The JLL Capital Markets team was led by Senior Managing Director Peter Merrion and Director Robert Key.
“The Park Industrial portfolio sale represents a distinctive off-market transaction pairing a multi-decade legacy owner with Speed Bay Warehouse Solutions,” said Key. “Portfolios of this scale rarely trade hands in the Denver market, reflecting sophisticated capital’s recognition of the value proposition offered by well-located small-bay industrial assets with infill positioning, functional building features and flexible tenant configurations.”
