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| Krystal Arceneaux |
DENVER, CO, Oct. 14, 2021 – JLL Capital Markets announced today that it has closed the sale of a 220,000-square-foot, Class A distribution center fully leased to The Home Depot at 1953 N. Gun Club Rd. in the Denver-area suburb of Aurora, Colorado.
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| Trent Agnew |
EverWest
Executive Vice President and Head of Asset Management Krystal Arceneaux
directed the disposition and management of the asset.
“EverWest has been fortunate to participate in this asset since its development.
"The building's long-term credit tenancy and location in a Class A industrial park were key to maximizing value," Arceneaux said.
"JLL
ran a smooth and efficient sale process in an extremely competitive market. We
are very happy with their outcome and our ability to pass along this quality
asset."
Senior
Managing Director Trent Agnew and Managing Director Larry Thiel
with JLL Capital Markets and Managing Director Carmon Hicks with the JLL
Industrial Leasing team represented the seller.
 |
| Larry Thiel |
This includes a Colorado portfolio totaling more than 2 million square feet of office and industrial space, and 304 multi-housing units.
The
mission-critical facility was constructed in 2012 as a build-to-suit for The
Home Depot, which currently operates its Home Depo Pro business line out of
this location, which is proximate to a large customer base.
The cross-dock facility features a 32-foot clear height, 44 dock-high doors, low office buildout, ESFR fire protection, secure fencing and 15 trailer parking stalls.
The building has the potential to be expanded by an additional 60,000
square feet and 24 additional trailer parking stalls on the east end of the
17.22-acre site.
 |
| Carmon Hicks |
Additionally,
the facility is within Prologis Park 70, one of Denver’s premiere industrial
parks, and within the established I-70 East Industrial submarket, the largest
and most intuitionally owned submarket in the Rocky Mountain region.
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