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EverWest acquires two-building industrial project for $39.6m in prime Denver infill location
EverWest Real Estate Investors has purchased Central Connection in the Denver North Central infill submarket from a joint venture of Comunale Properties and institutional investors advised by J.P. Morgan Asset Management. The two-building, 194,710-square-foot class A industrial asset is fully leased to six diverse tenants in an area known for significant demand and high barriers to entry.
Comunale Properties and J.P. Morgan Asset Management were represented by CBRE.
The property sits at the intersection of Interstates 25, 76 and 270, is minutes from Interstates 36 and 70, and less than 30 minutes from Denver International Airport.
“Denver’s North Central industrial market is one of the most desirable and connected in the state, with some of the region’s highest rents and lowest vacancy rates, despite a predominantly older inventory of competitive product,” said Brett Birkeland, managing director of acquisitions, Central U.S. at EverWest. “Within this e