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| Saltbox Denver – Park Hill, a newly renovated industrial building totaling 101,788 square feet in Denver, CO |
DENVER, CO, Mar. 7, 2024 – JLL Capital Markets announced today that it arranged the sale of Saltbox Denver – Park Hill, a newly renovated industrial building totaling 101,788 square feet in Denver, Colorado, located just north of the Colorado Blvd. and the I-70 interchange.
The JLL Capital Markets team was led by Director Rob Key and Managing Director Larry Thiel. The price was not disclosed.
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| Rob Key |
Saltbox offers digital commerce companies a flexible and
tenant-ready office, warehousing and distribution solution to solve some of the
most critical challenges e-commerce entrepreneurs face when starting, growing
and scaling their businesses.
The property sits on 5.5 acres, was built in 1959 and most
recently renovated in 2021. Key features include 22-foot clear heights, 14
dock-high doors, two grade-level doors and 144 parking spaces.
Saltbox Denver is in
the heart of the I-70 East Corridor of Denver, an emerging area which has seen steady
residential and commercial growth over the last decade, driven in part by the
growth of the Denver International Airport.
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| Larry Thiel |
“4800 Dahlia is a highly functional asset in a location that
continues to outperform the market in net absorption and rent growth. The
co-warehousing concept of Saltbox has seen steady demand for its space and
services, demonstrating the importance of this location from a pure logistics
standpoint,” said Key.
Contact:
Alli Stent
PR,
Hotels & Hospitality
Capital Markets
Chicago | JLL
M +1 330 329
6750
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