{"id":1004523485,"date":"2021-04-22T04:39:32","date_gmt":"2021-04-22T12:39:32","guid":{"rendered":"http:\/\/internal.cpexecutive.com\/?p=1004523485"},"modified":"2021-05-15T10:27:16","modified_gmt":"2021-05-15T18:27:16","slug":"etkin-johnson-sells-technology-park-for-393m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/etkin-johnson-sells-technology-park-for-393m\/","title":{"rendered":"Etkin Johnson Sells Technology Park for $393M"},"content":{"rendered":"
\"\"<\/a>

725 Tech Court., which delivered in 2020, was included in the deal. Image courtesy of Etkin Johnson<\/i><\/p><\/div>\n

Etkin Johnson Real Estate Partners has sold a 16-building industrial portfolio of nearly 1.7 million square feet in a $392.9 million transaction. The properties, all located within the Colorado Technology Center of Louisville, Colo., sold to an undisclosed institutional investor. CBRE represented the seller in the deal.<\/p>\n

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READ ALSO<\/strong>: Partners Group Strikes $1B Industrial Deal<\/a><\/p>\n

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The transaction is the largest industrial deal to close in Colorado history by dollar volume, according to a statement from Etkin Johnson. CommercialEdge data shows that, even at the national level, transfers of such large portfolios are rare. They are becoming more common, however, as the asset class continues to draw investor interest. Earlier this month, Clarion Partners paid $336 million for a 2.4 million-square-foot Las Vegas industrial park<\/a>.<\/p>\n

Colorado Technology Center is a 580-acre, master-planned park midway between Denver and Boulder. The buildings, constructed between 1998 and 2020, are home to a wide mix of tenants from a range of industries including life sciences, third-party logistics, aerospace and e-commerce. The largest property in the portfolio, the 153,018-square-foot structure at 633 CTC Blvd., has 24-foot clear heights, 100-foot truck courts and more than 20 dock-high loading doors.<\/p>\n

The CBRE team was led by Jeremy Ballenger, Tyler Carner, Jim Bolt, Tim Richey and Jessica Ostermick. Four of the five brokers were involved in another Denver-area deal in February, when EverWest Real Estate Investors paid $66.5 million for a two-building portfolio in Aurora<\/a>, Colo.<\/p>\n","protected":false},"excerpt":{"rendered":"

The sale of the 16 buildings near Denver marks the largest industrial transaction in Colorado history. <\/p>\n","protected":false},"author":861,"featured_media":1004528137,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,1587,21808,21748,21783,21742,15],"tags":[32789,35957,33514],"class_list":["post-1004523485","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-denver","category-featured","category-industrial","category-investment","category-latest","category-west","tag-cbre","tag-etkin-johnson-real-estate-partners","tag-tim-richey"],"acf":[],"yoast_head":"\nEtkin Johnson Sells Technology Park for $393M - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/etkin-johnson-sells-technology-park-for-393m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Etkin Johnson Sells Technology Park for $393M\" \/>\n<meta property=\"og:description\" content=\"The sale of the 16 buildings near Denver marks the largest industrial transaction in Colorado history.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/etkin-johnson-sells-technology-park-for-393m\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2021-04-22T12:39:32+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-05-15T18:27:16+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/725-Tech-Court.-Image-courtesy-of-Etkin-Johnson.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Jeff Hamann\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/etkin-johnson-sells-technology-park-for-393m\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/etkin-johnson-sells-technology-park-for-393m\/\",\"name\":\"Etkin Johnson Sells Technology Park for $393M - 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