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Transactions - JULY 17, 2020

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Berkeley Partners buys Colorado industrial building for $49m

by Andrea Zander

Berkeley Partners has acquired a multitenant industrial building in Louisville, Colo., from DPC Cos. and Long Wharf Capital for $49 million.

The 411,485-square-foot building is located at 333–335 Centennial Parkway.

“333–335 Centennial Parkway is one of the largest multi-tenanted industrial assets in the submarket. It is the closest to Boulder, the closest to the highway and has the most amenities of any industrial park along the U.S. 36 corridor. This was a rare opportunity to acquire a significant industrial foothold in an amenity-rich and supply-constrained location,” stated Tyler Carner, executive vice president, CBRE, which represented the sellers.

The property sits on 24.9 acres. Originally constructed in 1995, 333–335 Centennial Parkway features dock-high and drive-in loading, heavy power, sprinklers, 28-foot clear heights, parking and fiber connectivity. It is 100 percent leased.

The four companies who recently signed leases incl

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