Phoenix & Southwest + Southwest + Industrial | May 29, 2020

CBRE Completes $100M in Colorado Industrial Deals

CBRE handled a pair of industrial sales totaling more than $100 million in Colorado. The larger of the deals involved the $85.7 million sale of Enterprise Business Center Building Six in Denver (pictured), a transaction that ranks among the metro market’s largest for a single-building industrial trade.

The 647,483-square-foot warehouse distribution building is located at 3980 Central Park Blvd., and fully occupied by Beverage Distributors Co. LLC. CBRE’s Tyler Carner, Jeremy Ballenger, Jim Bolt, Mike Winn and Jessica Ostermick represented the seller, United Properties. The buyer was an investor advised by Zurich Alternative Asset Management, LLC (ZAAM) of New York.

CBRE’s Carner says, “Enterprise Business Center Building Six offered a true infill distribution property of scale, with state-of-the-art amenities and a long-term tenant in a recession-proof industry. Getting this deal across the finish line despite a global pandemic affirms the strong appetite among institutional capital for Denver industrial product.”

The second deal was a $14.6 million sale of a nearly 100,000-square-foot multi-tenant distribution center at 2640 Zeppelin Rd. in Colorado Springs. CBRE’s Carner, Ballenger, Bolt and Ostermick represented the seller, Scannell Properties. The buyer was Walnut Creek, CA-based Nearon Enterprises.

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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.