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Cushman & Wakefield Brokers Sale of Brand New Class A Distribution Facility in Thornton, CO for $57 Million

11/23/2020
THORNTON, Colo., November 23, 2020 – Cushman & Wakefield announced today the firm has advised the sale of a brand new 151,668-square-foot last mile logistics building on just over 19 acres in the Denver MSA for $57 million.

900 E 128th Ave

The facility located at 900 E 128th Avenue in Thornton, Colorado is fully leased to a single tenant for an e-commerce last mile facility. The property was acquired by Inland Real Estate Group based in Oak Brook, Illinois.

The seller was The Opus Group, a leading national full service, development, design, and construction real estate firm headquartered in Minneapolis, and the project was developed by its Denver office in 2019. Will Strong and Greer Oliver of Cushman & Wakefield’s National Industrial Advisory Group represented the seller in the transaction. Joe Krahn and Harper Davis of the firm provided leasing advisory.

“With an irreplaceable high profile, prestigious location, this was a rare investment opportunity of a best-in-class logistics hub able to provide users with outstanding access to transportation, labor, and consumers critical to their business,” said Will Strong, Executive Managing Director.

The facility is strategically located in the highly desirable north I-25 corridor. It is just minutes from Interstate 25 with multiple access points, walking distance to the light rail at Eastlake Station, and near excellent retail amenities in the immediate area. The property features a 30-ft clear height, 24 dock doors and six drive-in ramped doors, and unusually heavy parking that was accommodated with a three-story structured parking garage and surface solution.

 

About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 53,000 employees in 400 offices and 60 countries. In 2019, the firm had revenue of $8.8 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake External Link on Twitter.

 

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Joshua Deale San Diego Communications Manager
Joshua Deale

Communications Manager • Costa Mesa

Mr. Deale leads strategic media relations and thought leadership efforts for the West Region markets, and oversees their online presence including managing article and social media efforts.