Colorado Real Estate Journal - November 4, 2015
Bridgestone’s facilities on West Mississippi Avenue and South Fox Street in Denver recently sold in a $4 million transaction that led to expansions by the tire company and a design showroom. LD Holdings LLC, a Denver family, sold the 38,536-squarefoot building at 515 W. Mississippi Ave. and a 9,126- sf building at 1050 S. Fox St. in Denver, both of which were leased to Bridgestone. The buyer, Big Mississippi LLC, is affiliated with Saddleback Design, an interior design and floor-covering showroom that is expanding out of River North. “They liked the location, the frontage and the potential for repurposing the buildings in the next 10 to 20 years,” said Tyler Reed of JLL. Reed said most people believe the Gates redevelopment will move forward, which will continue to transform that area. Reed and JLL’s Mitch Zatz represented the seller in the transaction. Keith Hand of Colorado Commercial Brokerage represented the buyer. Bridgestone, meanwhile, will grow into a 67,000-sf space in the O’Reilly Auto Parts building at 24210 E. 19th Ave. in Aurora. Reed and Zatz represented the company in a 10-year lease with O’Reilly. Tyler Carner and Jeremy Ballenger of CBRE represented the landlord. “It was pretty difficult to find landlords that would accept tire storage as a use, but by going up in size and increasing the clear height, Bridgestone is going to be able to grow their business significantly in the Denver market,” said Reed.