Premier Denver Location Seals the $114M Deal for Distribution Building

The joint venture of Karis Capital and AEW recently sold a newly developed class-A warehouse/distribution building totaling approximately 147,000 square feet in downtown Denver. Developed in 2021, the single-tenant facility located at 875 W. 64th Ave. was acquired by a national real estate investment, development and management firm for $114 million.

Will Strong, Jeff Chiate, Jeffrey Cole, Mike Adey, Greer Oliver and Connor Nebeker-Hay of Cushman & Wakefield represented Karis Capital and AEW in the transaction. The firm’s Matt Trone, Steve Hager, Drew McManus, Ryan Searle and Joey Trinkle also provided market leasing advisory.

“This was an exceptional investment asset with a superior tenant and a premier location defined by its excellent access to major freeways and the entire Denver metro,” said Strong. “Denver is poised for continued growth and sustainability with a strong population growth rate that has far outpaced the national average the past decade, as it has the last nearly hundred years, coupled with steady employment. Therefore, these types of distribution facilities are important to help serve the needs of the current and future residents in the region.”

The property is 100 percent leased to a global Fortune 100 e-commerce company. Located along 64th Avenue at Huron St. and W. 62nd Avenue, the property provides access to I-25, I-70, I-76 and US 36, and is near the Denver International Airport.