Rockefeller Group Sells Denver Industrial Campus for $95M
The property changed hands for the first time since its completion in 2025.
Rockefeller Group has sold 25 Commerce Park, a 453,550-square-foot industrial property in Thornton, Colo. for $94.5 million. EastGroup Properties acquired the campus. CBRE represented the seller.
The previous owner developed the three-building logistics park with the aid of a $46.2 million construction loan, according to Yardi Matrix information. New York Life Insurance Co. provided the financing in 2024, with a maturity date set for 2027.
Other partners in the project included Grey Wolf Architecture and Golden Triangle Construction as general contractor.
The campus came online last year and was fully leased at the time of the sale. Its tenant roster comprises production company Brown Note Productions Inc., electronic components distributor TTI Inc. and food manufacturer Izzio Bakery, among others.
READ ALSO: Which Trade Disruptions Are Really Reshaping Industrial Demand?
Located on more than 30 acres at 15003-15107 Grant St., the property is near the intersection of Interstate 25 and E-470, which provides easy access to northern Colorado and the Denver metro area. Downtown Denver is some 20 miles south, while Denver International Airport is 23 miles away.
Close-up of a logistics campus
The 25 Commerce Park includes the 131,250-square-foot Building 1, the 146,300-square-foot Building 2 and the 176,000-square-foot Building 3. Column spacing ranges from 52 by 50 feet to 52 by 53.4 feet, while clear heights range from 28 to 32 feet.
The campus has more than 100 dock-high doors, approximately 12 grade-level doors, truck courts ranging from 130 to 200 feet and electrical service providing 277/480 volts and 4000 amps. Additional features include ESFR fire sprinkler systems and more than 670 parking spaces.
CBRE’s Executive Vice Presidents Jeremy Ballenger and Tyler Carner represented the seller. Meanwhile, Senior Vice Presidents Todd Witty and Daniel Close oversaw leasing. CBRE currently ranks second in Commercial Property Executive’s leading commercial mortgage brokers annual ranking.
Denver’s industrial deal volume grows year-over-year
Industrial sales volume in The Mile High City rose to $364.7 million in the third quarter of this year, according to a recent Cushman & Wakefield report. This represents a 6.3 percent drop quarter-over-quarter, but an 80.5 percent growth year-over-year. The same quarter last year, Denver recorded $202 million in investment volume.
Earlier this month, Brennan Investment Group and Barings secured a $150 million acquisition credit facility for the aggregation of a scalable industrial outdoor storage collection. The joint venture is starting with a five-property, low-coverage seed IOS portfolio across four markets, including Denver.
You must be logged in to post a comment.