{"id":1004689250,"date":"2023-11-08T03:13:24","date_gmt":"2023-11-08T11:13:24","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004689250"},"modified":"2023-11-08T03:13:26","modified_gmt":"2023-11-08T11:13:26","slug":"crosse-partners-buys-denver-area-distribution-center","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/crosse-partners-buys-denver-area-distribution-center\/","title":{"rendered":"Crosse Partners Buys Denver-Area Distribution Center"},"content":{"rendered":"
\"14603<\/a>

Moncrieff Business Center last changed hands in 2019. Image by Virtuance, courtesy of CBRE<\/em><\/p><\/div>\n

Crosse Partners<\/strong> has acquired Moncrieff Business Center, a 101,406-square-foot industrial building in Aurora, Colo., for $10.9 million. CBRE<\/strong> negotiated on behalf of the seller, an affiliate of Zurich Alternative Asset Management<\/strong>. The property last changed hands in 2019, when Berkeley Partners sold it for $9.9 million, according to CommercialEdge.<\/p>\n

Moncrieff Business Center is a Class B story distribution center within Denver\u2019s Airport submarket. The property features 22- to 24-foot clear heights, sky lights, ample column spacing, ESFR sprinkler systems, an office build-out component, loading doors, dock levelers and bumpers, a truck court and 90 vehicle parking spots, according to the same source.<\/p>\n

The industrial building at 14603 E. Moncrieff Place provides easy access to interstates 70 and 255, as well as to Union Pacific Rail Line. The 4.3 property is 9 miles from Denver International Airport, 13 miles from downtown Denver, 20 miles from Lakewood, Colo. and within 35 miles of Boulder, Colo.<\/p>\n

The CBRE team representing the seller included Vice Presidents Jeremy Ballenger and Tyler Carner, Senior Vice President Jessica Ostermick and Vice Chairman Jim Bolt.<\/p>\n

Recent industrial acquisitions in Denver<\/h2>\n

The same CBRE team worked on behalf of Westcore Properties in another industrial sale in Denver. In August, the company sold Dove Valley Business Center<\/a>, a 149,776-square-foot industrial property in Englewood, Colo., for $29.8 million.<\/p>\n

Year-to-date though September, industrial sales in Denver amounted to $288 million, according to a recent CommercialEdge report<\/a>, at an average price per square foot of $133. In May, Comunale Properties and J.P. Morgan Asset Management sold Central Connection<\/a>, a two-building industrial campus totaling 194,710 square feet in Denver’s North Central submarket. The property changed hands for $39.6 million.<\/p>\n","protected":false},"excerpt":{"rendered":"

Zurich Alternative Asset Management sold the property for $10.9 million.<\/p>\n","protected":false},"author":2991,"featured_media":1004689270,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1587,21748,21783,21742,15],"tags":[32789,52233,51490],"class_list":["post-1004689250","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-denver","category-industrial","category-investment","category-latest","category-west","tag-cbre","tag-crosse-partners","tag-zurich-alternative-asset-management"],"acf":[],"yoast_head":"\nCrosse Partners Buys Denver-Area Distribution Center - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Crosse Partners acquired Moncrieff Business Center, a 101,406-square-foot industrial building in Aurora, Colo., for $10.9 million.\" \/>\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\/crosse-partners-buys-denver-area-distribution-center\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Crosse Partners Buys Denver-Area Distribution Center\" \/>\n<meta property=\"og:description\" content=\"Crosse Partners acquired Moncrieff Business Center, a 101,406-square-foot industrial building in Aurora, Colo., for $10.9 million.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/crosse-partners-buys-denver-area-distribution-center\/\" \/>\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=\"2023-11-08T11:13:24+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-11-08T11:13:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/11\/14603-E-Moncrieff-Pl-Aurora-CO-large-013-20-Exterior-1500x1000-72dpi_Credit-Virtuance-e1699363108284.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1335\" \/>\n\t<meta property=\"og:image:height\" content=\"1000\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Simona Tudose\" \/>\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\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/crosse-partners-buys-denver-area-distribution-center\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/crosse-partners-buys-denver-area-distribution-center\\\/\"},\"author\":{\"name\":\"Simona Tudose\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/4659e2337f06b61cefc6b0b897d183a4\"},\"headline\":\"Crosse Partners Buys Denver-Area Distribution Center\",\"datePublished\":\"2023-11-08T11:13:24+00:00\",\"dateModified\":\"2023-11-08T11:13:26+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/crosse-partners-buys-denver-area-distribution-center\\\/\"},\"wordCount\":287,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/crosse-partners-buys-denver-area-distribution-center\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2023\\\/11\\\/14603-E-Moncrieff-Pl-Aurora-CO-large-013-20-Exterior-1500x1000-72dpi_Credit-Virtuance-e1699363108284.jpg\",\"keywords\":[\"CBRE\",\"Crosse Partners\",\"Zurich Alternative Asset Management\"],\"articleSection\":[\"Denver\",\"Industrial\",\"Investment\",\"News\",\"West\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/crosse-partners-buys-denver-area-distribution-center\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/crosse-partners-buys-denver-area-distribution-center\\\/\",\"name\":\"Crosse Partners Buys Denver-Area Distribution Center - 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