Confluent Center 70 Sells For $15.7M
Irvine, California-based LBA Realty has acquired Confluent Center 70 in a deal valued at $15.7M.
LBA purchased the property from Confluent Development, which completed the 105,670 SF industrial property at 15100 East 40th Ave. in Aurora in November 2016.
“Across Denver, we are seeing a flight to quality with both industrial tenants and investors seeking out properties like Confluent Center 70 that offer modern features in conjunction with a strategic location,” said CBRE Senior Vice President Jeremy Ballenger, who, with Tyler Carner, represented Confluent Development in marketing the building. “Confluent Development went above and beyond with this project, creating a property that offers Class-A amenities alongside unmatched visibility and freeway access.”
Confluent Center 70 is at the northwest corner of Interstate 70 and Chambers Road in the airport submarket, Denver’s largest industrial corridor. The building includes 30-foot clear heights, 52-by-52-foot column spacing, a 60-foot speed bay, trailer parking and signage visible from I-70.
“This most recent sale of our industrial assets speaks to the high quality for which we continually strive,” Confluent Development President and CEO Marshall Burton said. “We credit much of the success to our team’s ability to deliver industrial properties that meet core objectives to enhance business’ long-term bottom line.”
Confluent Center 70 is fully occupied by three tenants: Reinforced Earth, UNITS Moving and Portable Storage and Redi Carpet.