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National  + Industrial  | 

CBRE Completes 3.75M-SF, Four-State Industrial Portfolio Deal

Denver-based the PAULS Corporation divested a national industrial portfolio consisting of 21 properties totaling more than 3.75 million square feet across four states. The assets were acquired by New York-based Clarion Partners for an undisclosed amount.

With more than 1.93 million square feet of the portfolio located in Denver, the sale marks Denver’s single largest industrial transaction on record. These 14 Class A logistics properties are located in the Denver Airport submarket, and reportedly sold for $206 million.

The remainder of the portfolio focuses on supply-chain markets, including two Las Vegas properties (totaling 698,300 square feet), three Dallas properties (645,282 square feet), two Atlanta properties (478,948 square feet) and four Atlanta land parcels totaling 103 acres.

CBRE’s’ Jim Bolt, along with Randy Baird, Jack Fraker, Darla Longo and Chris Riley, represented the seller.

Bolt says, “This represented a once-in-a-career opportunity to market one of the largest portfolios of high-quality industrial space under common ownership in Denver and nationally.”

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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.

  • ◦Sale/Acquisition
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