{"id":1004139525,"date":"2016-03-16T08:19:19","date_gmt":"2016-03-16T16:19:19","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004139525"},"modified":"2020-05-08T00:16:43","modified_gmt":"2020-05-08T08:16:43","slug":"pathfinder-severs-ties-with-colorado-industrial-asset","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/pathfinder-severs-ties-with-colorado-industrial-asset\/","title":{"rendered":"Pathfinder Severs Ties with Colorado Industrial Asset"},"content":{"rendered":"<p><em>By Ioana Neamt, Associate Editor<\/em><\/p>\n<div id=\"attachment_1004139527\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/03\/PATH_GarrisonBusinessPark.jpg\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004139527\" data-attachment-id=\"1004139527\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/pathfinder-severs-ties-with-colorado-industrial-asset\/olympus-digital-camera-11\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/03\/PATH_GarrisonBusinessPark.jpg\" data-orig-size=\"1000,768\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;8&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;FE340,X855,C560&quot;,&quot;caption&quot;:&quot;OLYMPUS DIGITAL CAMERA&quot;,&quot;created_timestamp&quot;:&quot;&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;17.4&quot;,&quot;iso&quot;:&quot;64&quot;,&quot;shutter_speed&quot;:&quot;0.003125&quot;,&quot;title&quot;:&quot;OLYMPUS DIGITAL CAMERA&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"OLYMPUS DIGITAL CAMERA\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;OLYMPUS DIGITAL CAMERA&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/03\/PATH_GarrisonBusinessPark.jpg?w=1000\" class=\"wp-image-1004139527 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/03\/PATH_GarrisonBusinessPark.jpg\" alt=\"Garrison Business Park, Lakewood, Colo.\" width=\"300\" height=\"230\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/03\/PATH_GarrisonBusinessPark.jpg 1000w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/03\/PATH_GarrisonBusinessPark.jpg?resize=300,230 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/03\/PATH_GarrisonBusinessPark.jpg?resize=768,590 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004139527\" class=\"wp-caption-text\">Garrison Business Park, Lakewood, Colo.<\/p><\/div>\n<p><strong>Denver<\/strong>\u2014<a href=\"https:\/\/www.pathfinderfunds.com\/\" rel=\"nofollow\" target=\"_blank\">Pathfinder Partners LLC<\/a> of San Diego recently parted ways with a flex-industrial property in Lakewood, Colo., marking the company\u2019s ninth disposition in the Centennial State since 2009.<\/p>\n<p>Located at 9195-9197 W. 6<sup>th<\/sup> Ave., Garrison Business Park was fully leased at the time of sale by tenants such as Pinkard Construction and Golder Associates. CAM Lakewood LLC paid $7.5 million for the 49,000-square-foot <a href=\"https:\/\/www.commercialsearch.com\/news\/industrial\/\" target=\"_blank\">industrial asset<\/a>.<\/p>\n<p>Pathfinder acquired the property back in 2012 from the real estate-owned department of a CMBS special servicer. The asset features functional office, laboratory and warehouse space with nine roll-up loading doors, 16-foot high ceilings and extensive parking. Conveniently located in Lakewood, Colo., adjacent to U.S. Highway 6, Garrison Business Park is roughly 32 miles away from the city of Denver.<\/p>\n<p>\u201cWe were attracted to the project\u2019s location and diversified tenant base and remain bullish on the Denver metro area, which has demonstrated population and employment growth well above the national average for the past several years,\u201d Lorne Polger, senior managing director at Pathfinder, said in prepared remarks. \u201cWhen we originally purchased the property, we knew vacancy for class-B \u2018flex\u2019 buildings in the Lakewood submarket was historically low \u2013 and that Garrison was well positioned to benefit from improving market fundamentals.\u201d<\/p>\n<p>Earlier this week, Pathfinder also <a href=\"https:\/\/www.multihousingnews.com\/post\/pathfinder-partners-adds-to-las-vegas-portfolio\/\" rel=\"nofollow\" target=\"_blank\">acquired the 39 remaining condos within Park House<\/a>, a three-story, 83-unit luxury condominium community in Las Vegas.<\/p>\n<p><em>Image courtesy of Pathfinder Partners<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pathfinder Partners recently sold a 49,000-square-foot industrial property in Lakewood, Colo.<\/p>\n","protected":false},"author":192,"featured_media":1004139527,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,1587,21748,21783,21742,15],"tags":[],"class_list":["post-1004139525","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-denver","category-industrial","category-investment","category-latest","category-west"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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