Page 8 —
COLORADO REAL ESTATE JOURNAL
— August 17-September 6, 2016
Industrial
by Jill Jamieson-Nichols
A company that cashed in on
its property in River North earlier
this year will move to a ware-
house/distribution building
near the Mousetrap.
Hunt Family Partnership pur-
chased the 38,853-square-foot
building at 5285 Fox St. from
Adco Pro Cleaning Supply for
$3.7 million. Amen Packaging
Inc. will occupy the property by
the end of the year, according to
Daniel Close of CBRE, who rep-
resented the buyer with CBRE’s
Murray Platt. Paul Kluck, also
of CBRE, represented the seller
in the off-market deal.
Close said the building, con-
structed in 1982, offers Amen
Packaging ample parking and
good loading. The buyer will
install a new roof and HVAC
and will reconfigure the exist-
ing office space.
The property sold at $95.23
per sf, which Close said is a
“healthy number for the mar-
ket.”
Close and Platt sold Amen
Packaging’s existing location at
4201 Brighton Blvd. to Westfield
Development for $5.3 million
earlier this year. The packag-
ing company is spread out over
four buildings on the 2.92-acre
site, which Westfield likely will
incorporate into its Midtown
Industrial Center development
across the street.
A building at 2767 S. Tejon St. in Englewood recently traded. (See Other
News on Page 20)
by Jill Jamieson-Nichols
Wal-Mart has acquired just
under 169 acres of land next to
Denver International Airport
for $13.6 million, according to
public records.
While neither the retailer nor
those involved in the trans-
action would comment, talk
among Denver area industrial
brokers is that Wal-Mart will
build a sizable e-commerce
fulfillment center on the prop-
erty.
The site is located within
Porteos, a 1,287-acre com-
mercial development adja-
cent to DIA at Jackson Gap
Street and East 64th Ave-
nue. The property has been
annexed into the city of
Aurora and Wal-Mart’s site
is zoned for industrial uses.
“While we are always look-
ing for new opportunities to
better serve our customers, we
have no news to announce
in Aurora at this time,” Anne
Hatfield, a Wal-Mart spokes-
woman, said in an e-mail.
Wal-Mart has been expand-
ing its network of e-commerce
fulfillment centers to shorten
delivery times and improve
efficiencies. According to a
Wal-Mart video posted online
last fall, one of those new cen-
ters has five times the SKU
(stock keeping unit) storage
capacity that Wal-Mart’s entire
network had a year before.
The centers are being stra-
tegically located around the
country based on customer
demand.
s
by Jill Jamieson-Nichols
A trio of lots at Mountain
View Industrial Park in Com-
merce City recently sold to a
developer and user, leaving the
park with two remaining sites.
Kipling Twenty-Three Hun-
dred LLC acquired 1.4- and
1.2-acre lots in the park at
the northwest corner of
East 96th Avenue and High-
way 2. It plans to develop a
12,500-square-foot industrial
building on the smaller of the
two lots for delivery in spring,
followed by a larger building
in the future.
The building will be offered
for sale or lease, according to
Bob Busey of Unique Prop-
erties LLC-TCN Worldwide.
Busey, along with Unique
Properties’ Richard Bowler and
Aaron Romero, represented the
selling entities, which included
Mtn. View Properties LLC, and
will market the new building.
“The attraction there is a sin-
gle-tenant industrial building
with high ceilings and large
drive-in doors that is zoned for
storage,” said Bowler.
Bob Leino of Fuller Real
Estate represented the buyer
Also at Mountain View
Industrial Park, Nielson Invest-
ments purchased a 1.3-acre lot
for construction of a new loca-
tion for its testing laboratory
business.
The remaining two lots at
Mountain View total 1.3 and
2.8 acres. They are currently in
the process to be rezoned from
retail to industrial use.
“We have had tremendous
interest in Mountain View
Industrial Park over the last
several months, said Bowler.
Small industrial lots are hard
to find. These are really well
located.”
Northern Colorado | Metro Denver
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