A joint venture between Karis Capital and AEW has sold a newly developed class A warehouse/distribution building in Denver, currently 100 percent leased to Amazon, for $114 million. The new owner was not disclosed.
Will Strong, executive managing director at Cushman &Wakefield, which represented the seller, said, “Denver is poised for continued growth and sustainability, with a strong population growth rate that has far outpaced the national average the past decade — as it has the last nearly hundred years — coupled with steady employment. Therefore, these types of distribution facilities are important to help serve the needs of the current and future residents in the region.”
Located along 64th Avenue at Huron Street and West 62nd Avenue, the property provides immediate access to Interstate 25, Interstate 70, Interstate 76 and U.S. Route 36. It is also proximate to Denver International Airport.
