A new joint venture formed by CWCapital and Kenai Capital Advisors has acquired a portfolio of three industrial properties in the Compark Business Park in Englewood, Colo.
The partnership purchased the 263,734-square-foot portfolio containing 8560 Upland Drive, 8490 Upland Drive, and 14800 Grasslands Drive from Hendricks Commercial Properties for $41 million.
The seller, a Wisconsin-based family office, was represented by CBRE. The buyer was represented by Stream Realty, which is currently marketing 14800 Grasslands Drive for sale and lease.
The portfolio provided the investment group a rare opportunity in today’s market to acquire class A industrial properties with value-add components. While the portfolio was fully occupied at the time of closing, one of the buildings, 14800 Grasslands Drive, is available immediately for lease and sale.
The 50,488-square-foot class A industrial manufacturing building sits on just under four acres just south of Centenn
