Page 4AA —
COLORADO REAL ESTATE JOURNAL
— October 21-November 3, 2015
Industrial
by Jill Jamieson-Nichols
A Denver high-tech manufac-
turing company leased 123,896
square feet of industrial space
and 11 acres of land in Arvada,
bringing with it 200 to 250 jobs.
Prescient Co. Inc., which occu-
pies about 80,000 sf in three
locations, will consolidate and
expand at 14401 W. 65th Way.
GE PrimeStar Solar vacated the
space last year.
“Prescient is a rapidly grow-
ing manufacturing company that
will bring a significant amount of
new jobs to Arvada,” said Drew
McManus of Cushman & Wake-
field. “Arvada was very busi-
ness-friendly
and worked
closely with
our client to
assist in real-
izing
the
transaction,”
he said.
P r e s c i e n t
provides lean
manufactur-
ing systems
and software to the building
industry.
Given the low vacancies in the
industrial market, McManus said
finding high-quality space for the
company wasn’t easy.
“In our historically tight indus-
trial market, it was a challenge
identifying existing high-quali-
ty manufacturing facilities that
could accommodate their needs.
That said, the Arvada property
was an ideal fit, and by work-
ing creatively with the city of
Arvada and the landlord, we
were able to position the prop-
erty to accommodate our client’s
rapid growth.”
Sorin Group USA Inc. owns
the property, whose allowable
uses include outside storage, said
Mike Wafer of Newmark Grubb
Knight Frank.
Wafer represented the land-
lord in the transaction. McManus
and Mike Viehmann of Cush-
man&Wakefield represented the
tenant.
s
Prescient Co. will consolidate and expand into the building at 14401 W.
65th Way in Arvada.
by Jill Jamieson-Nichols
Denver’s newest master-
planned industrial park landed
its first full-building user.
American Tire Distributors,
the country’s largest tire distrib-
utor, signed a long-term lease
for a 127,480-square-foot build-
ing at Crossroads Commerce
Park, located at the southwest
corner of 55th Avenue and
Washington Street in Adams
County. The building repre-
sents a relocation and expan-
sion for the company, which
has been in the Denver market
for eight years.
“ATD constantly strives to
provide its customers with
unsurpassed service and prod-
uct availability,” Ron Sinclair,
the company’s senior vice pres-
ident of marketing, said in a
news release. “This new distri-
bution center with prime inter-
state access will further enhance
our service and support to our
customers in the Denver area.”
American Tire Distributors is
the second and largest com-
pany to announce its relocation
to Crossroads Commerce Park,
which broke ground in August
and eventually will house up
to 1 million sf of Class A indus-
trial space. Empire Staple Co.
will own and occupy a 61,870
build-to-suit in the 77-acre
park, located at the crossroads
of Interstates 25 and 70.
The building ATD leased is
among three buildings totaling
640,000 sf that Trammell Crow
initiated on a spec basis. It is
slated for completion next July.
Future construction will
include build-to-suits for sale
or lease to users.
“It is very exciting to have
a full-building lease complet-
ed within weeks of our official
groundbreaking. ATD’s tenan-
cy underscores the compelling
central location, ease of access
to key interstate highways and
the convenience to custom-
ers, which the site represents,”
said Ann Sperling of Trammell
Crow Co.
Trammell Crow is developing
Crossroads with capital part-
ner Principal Real Estate Inves-
tors. Murray & Stafford is the
general contractor and Ware
Malcomb is the architect for
the project, as well as the ADT
building.
Mike Wafer, Tim D’Angelo
and Michael Wafer Jr. of New-
mark Grubb Knight Frank rep-
resented Trammell Crow in the
transaction. Josh Allred of Jack-
son & Cooksey in Dallas-Fort
Worth represented the tenant.
s
American Tire Distributors will occupy a 127,480-square-foot buiding at
Crossroads Commerce Park.
Drew McManus
by Jill Jamieson-Nichols
A pair of industrial proper-
ties in one of Denver’s hottest
neighborhoods sold in separate
deals to a user and an investor.
The city and county of Den-
ver bought the former FedEx
building at 2100 31st St. in
River North for $5.3 million. It
will use the property for fleet
maintenance and warehousing.
Nearly an acre of land at 3715,
3741 and 3757 Brighton Blvd. in
RiNo sold for $3.75 million, or
$87.17 per sf. The property con-
tains two buildings, 3,083 and
6,000 sf. The new owner, which
wasn’t identified, reportedly
plans to redevelop the proper-
ty, but details
haven’t been
d i s c l o s e d .
The
price
was one of
the
high-
est paid for
a property
on Brighton
Bou l eva rd ,
according to
Murray Platt
of CBRE, who has handled 40
deals in RiNo over the last 15
years.
Tim Palermo sold the proper-
ty, which had been in his family
for 50 years. It formerly housed
a tire shop, said Platt, who rep-
resented Palermo with CBRE’s
A 43,017-square-foot site at 3715, 3741 and 3757 Brighton Blvd. will be redeveloped.
The city and county of Denver paid $5.3 million for the former FedEx
property.
by Jill Jamieson-Nichols
An industrial building
across the street from a future
commuter rail station traded
for $108 per square foot.
Tercero Properties, a local
investment group, paid $5.28
million for the 48,902-sf build-
ing on 2.14 acres at 4200 Jack-
son St. in Denver. The building
is adjacent to the 40th & Colo-
rado Station on the East Rail
Line between Denver Union
Station and Denver Interna-
tional Airport. The rail line
will open next year.
The seller was 4200 Jackson
LLC, led by the owner of All
Copy Products. All Copy will
continue to occupy 12,000 sf.
Goodyear had occupied the
remaining space for many
years. The seller terminated
the lease prior to the sale.
“We had great interest in
leasing it,
as well as
great inter-
est in pur-
chasing it,”
said Craig
Myles of
Cushman
& Wake-
field, who
represented
the seller
with Cushman & Wakefield’s
Brett MacDougall.
The price was strong for
an industrial building, but
the location also makes the
property a good candidate
for future redevelopment,
said Myles. “Long term, it’s
an ideal location, right across
from the station, and transit-
oriented development sites
have a great future, in my
Craig Myles
Murray Platt
