{"id":1004720625,"date":"2024-07-11T06:17:25","date_gmt":"2024-07-11T14:17:25","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004720625"},"modified":"2024-07-16T06:02:08","modified_gmt":"2024-07-16T14:02:08","slug":"adler-pays-38m-for-denver-light-industrial-facility","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/adler-pays-38m-for-denver-light-industrial-facility\/","title":{"rendered":"Adler Pays $38M for Denver Light Industrial Facility"},"content":{"rendered":"\n

Adler Real Estate Partners has purchased Valley Business Center, a 204,981-square-foot light industrial property in Denver. BKM Capital Partners sold the asset for $37.7 million, according to CommercialEdge data.<\/p>\n\n\n

\n
\"Valley
Tenants at Valley Business Center have an average lease term of 13.3 year. Image courtesy of CommercialEdge<\/em><\/figcaption><\/figure><\/div>\n\n\n

JLL Capital Markets and CBRE arranged $21 million in acquisition financing for the buyer. Voya Financial originated the fixed-rate insurance company loan.<\/p>\n\n\n\n

BKM purchased the light industrial property from Baron Properties for $24.3 million in 2019, the same source shows. That sale was subject to a $17.5 million loan from Bank of America.<\/p>\n\n\n\n

Valley Business Center encompasses five buildings with an average suite size of 10,249 square feet. The 1984-built facility features suite configurations and various loading capabilities, 16- to 20-foot clear heights, climate control, ESFR and approximately 224 parking spaces.<\/p>\n\n\n\n

\n\n\n\n

READ ALSO:<\/strong> Industrial Property Values on the Upswing<\/a><\/p>\n\n\n\n

\n\n\n\n

The asset is within South Denver, at 700 W Mississippi Ave. Interstate 25 is a nearby major thoroughfare, allowing access to the wider metro area.<\/p>\n\n\n\n

Valley Business Center’s tenant roster includes Baron Glass, Metall, RadonAway, Capital Paint Co., DEWALT and ReSource Colorado, among others, with an weighted average lease term of 2.45 years. At the time of the deal, the property was 100 percent leased and had maintained an average occupancy rate of 98 percent over the past decade.<\/p>\n\n\n\n

CBRE National Partners\u2019 Executive Vice Presidents Jeremy Ballenger and Tyler Carner, Associate Director Mike Machado and Investment Sales Manager Morgan Dunn\u2014along with Senior Managing Director Melissa Rose and Director Rob Bova from JLL Capital Markets\u2019 Debt Advisory team\u2014represented Adler.<\/p>\n\n\n\n

Denver’s industrial sector remains attractive for investors<\/h2>\n\n\n\n

In April, Investcorp paid $200 million for a 31-building industrial portfolio<\/a>, located in Denver and South Florida. The properties encompass 1.3 million square feet. <\/p>\n\n\n\n

Another major deal took shape in March\u2014Prologis sold a 431,157-square-foot industrial park<\/a> in Denver. A joint venture of Westfield and Reinsurance Group of America purchased the 100 percent leased property.<\/p>\n\n\n\n

Denver investors traded $585 million in industrial assets year-to-date through May, according to a recent CommercialEdge report. These traded for an average of $147 per square foot, just $5 above the U.S. figure.<\/p>\n","protected":false},"excerpt":{"rendered":"

JLL Capital Markets arranged a $21 million acquisition loan.<\/p>\n","protected":false},"author":3014,"featured_media":1004720628,"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":[35320,33648,44006,41033],"class_list":["post-1004720625","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-denver","category-industrial","category-investment","category-latest","category-west","tag-adler-realty-investments","tag-bkm-capital-partners","tag-jll-capital-markets","tag-voya-financial"],"acf":[],"yoast_head":"\nAdler Pays $38M for Denver Light Industrial Facility - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Adler Real Estate purchased a 204,981-square-foot industrial property in Denver, Colo. BKM Capital Partners sold the asset for $37.7 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\/adler-pays-38m-for-denver-light-industrial-facility\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Adler Pays $38M for Denver Light Industrial Facility\" \/>\n<meta property=\"og:description\" content=\"Adler Real Estate purchased a 204,981-square-foot industrial property in Denver, Colo. BKM Capital Partners sold the asset for $37.7 million\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/adler-pays-38m-for-denver-light-industrial-facility\/\" \/>\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=\"2024-07-11T14:17:25+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-07-16T14:02:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/07\/Valley-Business-Center.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"800\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Diana Firtea\" \/>\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\/adler-pays-38m-for-denver-light-industrial-facility\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/adler-pays-38m-for-denver-light-industrial-facility\/\",\"name\":\"Adler Pays $38M for Denver Light Industrial Facility - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/adler-pays-38m-for-denver-light-industrial-facility\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/adler-pays-38m-for-denver-light-industrial-facility\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/07\/Valley-Business-Center.jpg\",\"datePublished\":\"2024-07-11T14:17:25+00:00\",\"dateModified\":\"2024-07-16T14:02:08+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/a0c04b9de1387474e28c9ebdb0444e59\"},\"description\":\"Adler Real Estate purchased a 204,981-square-foot industrial property in Denver, Colo. BKM Capital Partners sold the asset for $37.7 million\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/adler-pays-38m-for-denver-light-industrial-facility\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/adler-pays-38m-for-denver-light-industrial-facility\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/adler-pays-38m-for-denver-light-industrial-facility\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/07\/Valley-Business-Center.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/07\/Valley-Business-Center.jpg\",\"width\":1000,\"height\":800,\"caption\":\"Valley Business Center is located in a high-demand submarket. Image courtesy of CommercialEdge\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/adler-pays-38m-for-denver-light-industrial-facility\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Adler Pays $38M for Denver Light Industrial Facility\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/a0c04b9de1387474e28c9ebdb0444e59\",\"name\":\"Diana Firtea\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/DianaFirtea_AuthorPhoto.jpg?w=96\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/DianaFirtea_AuthorPhoto.jpg?w=96\",\"caption\":\"Diana Firtea\"},\"description\":\"Diana Firtea is an associate editor with Commercial Property Executive and Multi-Housing News. She has been with the company for almost four years and joined the CPE-MHN team in 2022. Diana writes stories on different topics, mainly focusing on the affordable, senior, office and retail markets. You can reach out to her at diana.firtea@cpe-mhn.com.\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/diana-firtea\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Adler Pays $38M for Denver Light Industrial Facility - Commercial Property Executive","description":"Adler Real Estate purchased a 204,981-square-foot industrial property in Denver, Colo. BKM Capital Partners sold the asset for $37.7 million","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/adler-pays-38m-for-denver-light-industrial-facility\/","og_locale":"en_US","og_type":"article","og_title":"Adler Pays $38M for Denver Light Industrial Facility","og_description":"Adler Real Estate purchased a 204,981-square-foot industrial property in Denver, Colo. BKM Capital Partners sold the asset for $37.7 million","og_url":"https:\/\/www.commercialsearch.com\/news\/adler-pays-38m-for-denver-light-industrial-facility\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2024-07-11T14:17:25+00:00","article_modified_time":"2024-07-16T14:02:08+00:00","og_image":[{"width":1000,"height":800,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/07\/Valley-Business-Center.jpg","type":"image\/jpeg"}],"author":"Diana Firtea","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/adler-pays-38m-for-denver-light-industrial-facility\/","url":"https:\/\/www.commercialsearch.com\/news\/adler-pays-38m-for-denver-light-industrial-facility\/","name":"Adler Pays $38M for Denver Light Industrial Facility - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/adler-pays-38m-for-denver-light-industrial-facility\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/adler-pays-38m-for-denver-light-industrial-facility\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/07\/Valley-Business-Center.jpg","datePublished":"2024-07-11T14:17:25+00:00","dateModified":"2024-07-16T14:02:08+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/a0c04b9de1387474e28c9ebdb0444e59"},"description":"Adler Real Estate purchased a 204,981-square-foot industrial property in Denver, Colo. BKM Capital Partners sold the asset for $37.7 million","breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/adler-pays-38m-for-denver-light-industrial-facility\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/adler-pays-38m-for-denver-light-industrial-facility\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/adler-pays-38m-for-denver-light-industrial-facility\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/07\/Valley-Business-Center.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/07\/Valley-Business-Center.jpg","width":1000,"height":800,"caption":"Valley Business Center is located in a high-demand submarket. Image courtesy of CommercialEdge"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/adler-pays-38m-for-denver-light-industrial-facility\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Adler Pays $38M for Denver Light Industrial Facility"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/a0c04b9de1387474e28c9ebdb0444e59","name":"Diana Firtea","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/DianaFirtea_AuthorPhoto.jpg?w=96","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/DianaFirtea_AuthorPhoto.jpg?w=96","caption":"Diana Firtea"},"description":"Diana Firtea is an associate editor with Commercial Property Executive and Multi-Housing News. She has been with the company for almost four years and joined the CPE-MHN team in 2022. Diana writes stories on different topics, mainly focusing on the affordable, senior, office and retail markets. You can reach out to her at diana.firtea@cpe-mhn.com.","url":"https:\/\/www.commercialsearch.com\/news\/author\/diana-firtea\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/07\/Valley-Business-Center.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004720625","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/3014"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004720625"}],"version-history":[{"count":10,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004720625\/revisions"}],"predecessor-version":[{"id":1004721431,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004720625\/revisions\/1004721431"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004720628"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004720625"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004720625"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004720625"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}