Hub 25, a recently completed Class A multi-tenant industrial campus in Denver, has sold for $74 million. Institutional investors advised by J.P. Morgan Asset Management purchased the property from Westfield Company.
The site is the former home of Mapleton High School, which sat vacant for 20 years. Westfield purchased the land in 2016, and developed the four-building, 421,499-square-foot industrial park. Hub 25 is 95% leased to eight tenants, including BSI Designs, Mountain High Appliance and Rep Fitness.
CBRE’s Tyler Carner and Jeremy Ballenger represented Westfield in the leasing and sale of Hub 25.
Carner says, “What Westfield accomplished at Hub 25 is an amazing feat. They took on a complicated piece of land that needed significant improvements, recognized a need in the market for small-bay, light industrial space,and delivered an outstanding product that piqued the interest of top-tier capital.”
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 integrated marketing communications roles. He is responsible for Connect’s client content operations and public relations strategy. He is involved in a range of initiatives ranging from content strategy, message development, copywriting, Social Media and content marketing services.
Dennis’s communications background in the real estate industry includes working with many of the top real estate firms – from brokerage companies, developers, homebuilders, investors, owners, lawyers, asset advisors, lenders, architects and property management firms.
• Marketed more than 1 Billion Square Feet of Office Space
• 70,000 Multifamily/Condo Units
• 15,000 Single Family Homes
• 30 Million Square Feet of Retail Space
• Representing Roughly $100 Billion in Investment
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.
Dennis’s agency background on integrated communications teams at many reputable agencies and has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. He formerly was President of the Public Relations Society of America’s Los Angeles of public relations professional, and served on the Board of Directors. He also taught a public relations extension course at Loyola Marymount University.
Dennis’s 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.