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Berkeley Bags Industrial Portfolio for $248M, Colorado’s Largest Ever

San Francisco-based Berkeley Partners purchased a 1.95-million-square-foot Colorado Industrial Portfolio (CIP) from Etkin Johnson Real Estate Partners for $247.5 million. The sale marks Berkeley Partners’ first acquisition in the Colorado market, and ranks as the state’s largest ever industrial sale.

Etkin Johnson’s Derek Conn says, “This sale allows us to return a significant profit to our investors, and position Etkin Johnson for the next 30 years as we continue diversifying our portfolio.”

Etkin Johnson acquired the 19 properties, which range in size from 26,078 to 293,510 square feet, between 1990 and 1998. The portfolio was 93% leased at the time of the sale.

CBRE’s Jim Bolt, Jeremy Ballenger, Tyler Carner and Mike Winn represented the seller. CBRE’s Ballenger says, “This sale represented a unique opportunity to own a critical mass of infill industrial in Colorado’s growing Front Range markets.”

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* Pictured Inverness Business Center South, Englewood, CO


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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

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