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Denver Industrial Trends

An Economic analysis on the tendencies this market shows across the city

Paul Ruff

Paul Ruff

CEO

Triumph Capital Group

Lawrence Jacobson

Lawrence Jacobson

Principal

Westside Investment Partners

Krystal Arceneaux

Krystal Arceneaux

EVP, Head of Asset Management

EverWest

Todd Witty

Todd Witty

SVP

CBRE

Bryant Mazzetti

Bryant Mazzetti

Principal

Powers Brown Architecture

Rick Rodman

Rick Rodman

VP

Catamount Constructors

Courtney Schneider
Moderator

Courtney Schneider

Director

Hines

Megan Kranichfeld
Moderator

Megan Kranichfeld

Denver Market Lead

Trammell Crow Company

Paul Ruff

CEO

Triumph Capital Group

Mr. Ruff first founded Triumph Real Estate Corporation (TREC) in Denver, Colorado in 1998 following nine years of experience with other firms. During the 2000’s, TREC targeted primarily value-add and core-plus office and industrial acquisitions and ground-up development projects both for investment and for corporate build-to-suit. In 2013, Mr. Ruff saw an opportunity to create a national investment platform exclusively dedicated to industrial distribution buildings to take advantage of opportunities arising from the then-emerging e-commerce industry. After seeing significant early success, he formed Triumph Capital Group (TCG) in 2016 to brand and scale the platform for rapid growth.

Mr. Ruff’s responsibilities as CEO include the evolution and execution of the vision & economic analysis, overseeing the firm’s acquisition, development, asset management, capital formation, and property management activities.

Prior to TREC, Mr. Ruff was Asset Manager and Development Associate at Pacifica Holding Company, a boutique investment and development firm that grew into Denver’s largest commercial landlord before selling its $500 million portfolio in the late-1990’s.

Mr. Ruff and his wife Barb have raised two daughters and currently reside in Parker, CO. He is passionate about service to others and is an Ordained Deacon in the Catholic Diocese of Colorado Springs, currently assigned to Ave Maria Parish in Parker. He also has extensive experience in charitable activities and has recently formed a new non-profit service organization called the Charitable Facilities Foundation (www.charitablefacilities.org)

Lawrence Jacobson

Principal

Westside Investment Partners

Mr. Jacobson is a career real estate professional with a passion for creating high-quality mixed-use neighborhoods that serve and enhance the lives of their tenants, residents and surrounding communities. Prior to joining Westside, Mr. Jacobson held positions with publicly traded and privately held homebuilders including Division President and General Counsel and served as a Principal of Colorado-based real estate investment firms with projects in Castle Rock, Aurora, Parker, Longmont, Thornton, Commerce City and Berthoud. In his previous roles, Mr. Jacobson has personally managed the acquisition, financing, entitlement, horizontal development and disposition of more than 4,000 acres of land with a value in excess of $1 Billion. In addition to horizontal development and entitlements, Mr. Jacobson has also overseen the vertical development of more than 2,000 multifamily rental units, 5,000 single-family residences and 1,500 multifamily for-sale units. Mr. Jacobson received a Bachelor of Science in Economics from the Wharton School at the University of Pennsylvania and a Juris Doctor from the University of California at Los Angeles School of Law, and is a member of the Colorado bar. Mr. Jacobson served on the Building Committee of Temple Sinai in Denver, CO, effecting a $6MM campus expansion. Later, Mr. Jacobson served on the Executive Committee and then as President of Temple Sinai. Currently, Mr. Jacobson is on the Board of Directors of the Douglas County Community Foundation. Larry is happily married and is the very proud father of 2 daughters and one step-son. In his spare time he enjoys golf, yoga, cooking and traveling. He can be reached at ljacobson@westsideinv.com.

Krystal Arceneaux

EVP, Head of Asset Management

EverWest

As EVP-Head of Asset Management, Krystal Arceneaux directs all asset management activities for EverWest’s national portfolio, including 16mm sf and $4.7B in commercial real estate assets. The national asset management team are located in both the corporate and satellite offices (Orange County, San Francisco, New York, Charlotte, Texas and Colorado.) The asset management team is responsible for the successful implementation of property business plans through analytics, reporting, leasing and sale negotiations, budgeting and budget implementation, financings, as well as client relationship management. Krystal is a member of the EverWest Executive Committee, which discusses and sets policy and direction for all aspects of the company, as well as the Investment Committee, which reviews and approves acquisitions, significant capital changes to operating schedules and internal quarterly valuations across the EverWest portfolio. Krystal was with Alliance Commercial Partners before transitioning to EverWest in 2015. Prior to joining Alliance in 2005, Krystal was a Project Manager for BridgeCenters, LLC, where she worked for 4 years. Krystal earned her Bachelor of Science in Business Management from the University of Colorado at Denver, and has been a member of NAIOP since 2008.

Todd Witty

SVP

CBRE

Todd Witty, SIOR, specializes in representing industrial property owners and developers to acquire and lease industrial real estate in the Denver market. Additionally, he helps local and national firms navigate through their most complex real estate challenges. Todd’s integrity and his desire to see his clients succeed drives him to always seek the best outcomes for his clients. Todd strives to earn the trust and friendship of every client which is what he enjoys most about his business.

Todd has worked in the Industrial real estate industry for 20 years. His current listings totalling over 14 MM SF of industrial properties gives him unparalleled insights into Denver market information. Todd joined CBRE in 2006, upon CBRE’s acquisition of Trammell Crow Company. Throughout his real estate career, Todd has successfully represented several significant national and local landlords and developers.

Bryant Mazzetti

Principal

Powers Brown Architecture

Bryant Mazzetti, AIA, has 15 years of architectural experience in the commercial real estate industry. Bryant has managed millions of square feet with projects that include everything from tenant improvements, speculative housing and office developments, to large scale logistical and manufacturing parks, including one of the largest industrial facilities in the rocky mountain region. Bryant focuses specifically on the market factors and trends that make for successful developments. Well-versed in commercial growth trends Bryant aids clients in managing strategic decisions for projects ranging from initial cost and feasibility to exit strategy implementation. These efforts help clients realize their potential with a balanced project budget approach and high quality marketable design.

Rick Rodman

VP

Catamount Constructors

Rick Rodman is Catamount Constructors’ Vice President of Business Development Industrial. With over 26 years of experience in the construction industry and 17 at Catamount, Rick brings a wealth of knowledge to Catamount’s clients. Because of his strong background in preconstruction and business development, Rick can speak to clients about the entire project lifecycle. Rick’s primary focus in his current role is building Catamount’s booming industrial portfolio and developing strong customer relationships across the country.

Courtney Schneider

Moderator

Hines

Courtney is responsible for the industrial development and acquisitions for Hines in Colorado and Arizona. In these two markets she is charged with the sourcing, development, financing, leasing and disposition of developments and acquisitions of industrial and logistics projects.

Since joining Hines in 2019, Courtney has grown the industrial presence in Colorado from zero to 1.5M square feet of industrial space across 8 buildings with future phases of land totaling more than 170 acres either owned or under exclusivity. Courtney is also responsible for signing the firms largest single-building industrial development in Arizona totaling more than 1.25M square feet. Prior to joining Hines, Courtney was a Development Manager at United Properties in their Denver office. Courtney facilitated projects of all product types in her time at United Properties – industrial, office, retail, and senior housing – concluding with ground up development of more than 2.5M sq. ft. of office and industrial product, acquisitions and dispositions exceeding $150M, and assisting the financing team in closing on loans totaling nearly $220M.

Courtney is an active member of NAIOP Colorado, currently serving on its Board of Directors. She graduated from the University of Colorado with a BS in Business Administration; Marketing Emphasis and Real Estate Certificate.

Megan Kranichfeld

Moderator

Trammell Crow Company

Megan Kranichfeld serves as Market Leader for TCC’s Denver office. In this role, she is responsible for the day-to-day operations and strategic oversight of all new development and investment activity throughout the region.

In addition to her Market Leader responsibilities, Megan is responsible for advancing the company’s industrial pursuit activities throughout Colorado. Throughout her career, Megan has built a reputation of integrity, impact, and creative deal-making, built on strong market relationships.

Developments, Construction Slowdown, and its Industrial CRE Impact

A deep dive into other factors impacting Denver's pipeline

Paul Hyde

Paul Hyde

Founder & Partner

Hyde Development

Dean Barber

Dean Barber

EVP, Development Management

Confluent Development

Brian Dietz

Brian Dietz

VP Industrial

Evergreen

Jennifer Grant

Jennifer Grant

Principal Architect

Quintessence Design Group

Carmon Hicks

Carmon Hicks

Senior Managing Director

JLL

Neil Ascione
Moderator

Neil Ascione

President

RC Andersen

Paul Hyde

Founder & Partner

Hyde Development

Paul co-founded Hyde Development in 2012 with his father, Mac, to redevelop brownfield sites into new, sustainable, and quality buildings. Prior to launching Hyde Development, Paul co-founded Real Estate Recycling in 1995 to develop contaminated property in MN and WI.

Paul is responsible for leading the company’s current development projects and acquisitions.

Dean Barber

EVP, Development Management

Confluent Development

Dean Barber joined the Confluent Development management team in 2017 as the Executive Vice

President of Development Management. With 30 years of development experience, Dean’s capability

spans product types that include build-to-suit, multi-tenant office, medical office and surgery centers,

hospitals, retail, hospitality, multi-family, senior housing, light industrial business parks and large mixed-

use land developments.

Dean leads the overall execution of all Confluent Development projects. With Confluent Development

making a respected name for the level of complexity in their projects, Dean’s role focuses on the firm’s

development management services, which continues to scale the organization both locally and

nationally with best-in-class processes critical to the firm’s continued success and growth.

Previously, Dean served as the Senior Vice President of Development Management for McWhinney,

where he oversaw the execution of the firm’s commercial, hospitality and multi-family developments.

During his tenure there, he developed more than 35 projects resulting in more than 3.25 million square

feet of commercial space with notable projects including the revitalization of Denver’s iconic Union

Station and the redevelopment of the historic Dairy Block in Lower Downtown Denver.

Dean holds Bachelor of Architecture degree from California Polytechnic State University in San Luis

Obispo and has completed coursework in the M.S. in construction management program from Colorado

State University. He is an active participant in the professional community through membership in

NAIOP and previously served on the board of Northern Colorado Economic Development Corporation.

Brian Dietz

VP Industrial

Evergreen

Brian is a Vice President and the Industrial business line leader for Evergreen. He started the company’s industrial platform in 2021 and leads the company’s Industrial acquisition and development efforts. His nearly 20 years of institutional experience in commercial real estate includes acquisitions, dispositions, development, asset management, and leasing. He has a passion for Industrial real estate and has held positions at some of the industry’s most prominent institutions. Prior to joining Evergreen, Brian was a VP, Investment Officer for Prologis, the world’s largest owner of Industrial Real Estate, leading its capital deployment efforts in Denver and Phoenix. Brian has also held positions at Opus Development Company, the Black Creek Group, Lauth Group Inc, and a previous stint at Prologis in its Strategic Capital group.

Jennifer Grant

Principal Architect

Quintessence Design Group

Jennifer is an Architect registered in Colorado and Washington State and Principal Architect at Quintessence Design Group. As a founding partner Jennifer focuses on leading the firm’s

primary projects through client collaboration, project design and oversight. Quintessence focuses

on architectural and development projects in the hospitality, industrial, residential, commercial,

life-science and entertainment submarkets in the inter-mountain west.

Previously Jennifer worked as Design Director at Steelwave LLC Denver Regional Office.

Steelwave is a national commercial developer with over $11 Billion of projects under

development, design and management across the United States within the commercial,

multifamily, industrial, and life science market sectors.

Jennifer brings 18 years of project experience working with clients in multiple sectors and

projects of all scales from residential renovation projects to massive campus expansion projects.

Carmon Hicks

Senior Managing Director

JLL

Carmon Hicks is a member of Denver’s Logistics & Industrial Services team specializing in owner-user sales, leasing, investment dispositions and acquisitions of industrial land and buildings. With more than 15 years of experience, Carmon’s depth of experience and expertise in warehouse distribution, logistics and supply chain management uniquely positions him to deliver best-in-class results for his clients.

Carmon has built strong relationships with institutional, regional, local and national corporate clients. He has represented numerous institutional own­­ers as well as regional and national corporate users in the acquisition and disposition of approximately 25 million square feet of industrial space, valued at over $750 million.

Carmon is currently involved in numerous organizations including JLL’s Supply Chain and Logistics Practice group, DMCAR, NAIOP and serves as a board member for Denver Public Schools and American Cancer Society.

Neil Ascione

Moderator

RC Andersen

Neil joined RC Andersen in 2008 as a Project Manager and currently holds the role of President. Neil has played an integral part in RC Andersen’s growth and has helped develop some of RC Andersen’s most deeply rooted client relationships.

Through his tenure at RC Andersen, Neil has managed some of RC Andersen’s marquee projects and has been responsible to fill nearly every role within the organization, from that of Superintendent, Project Manager, Project Executive, Vice President, and now President. Neil is familiar with the day-in day-out management of work, as well as the organizational processes and policies.

Prior to his time at RC Andersen, Neil held roles in the fields of construction, design, and research dating back to 2002. Neil holds a B.S. in Civil Engineering and is a Magna Cum Laude graduate of the Rutgers University School of Engineering. It is in this well rounded background within the industry that Neil has developed an ability to approach problems from a variety of angles and experiences.

Outside of work, Neil enjoys time with his wife and two daughters, skiing, hiking, and hockey.

WHY YOU WON'T WANT TO MISS THIS Industrial CRE CONFERENCE

What You'll Learn From Commercial Real Estate Leaders: 

  • Will Denver be able to keep up with the supply of industrial spaces as rental growth rate continues to increase due to a high demand?

  • How will the slowdown of industrial developments from companies like Amazon create opportunities for other developers in the Denver area?

  • With all the current economic uncertainty, will Denver’s industrial asset class withstand all the challenges that it will face?

  • How will Denver’s industrial market be impacted by the nationwide trend of construction starts decreasing

  • Consumer habits during the pandemic led to an increase in online shopping which created a high demand for industrial spaces. If consumer habits change due to rising interest rates and inflation. How will this impact the industrial CRE market in Denver?

How You’ll Do More Business From Attending This Event:

Since the start of the pandemic, demand for industrial space has been on the rise. Consumers are now accustomed to quick delivery which has set new expectations on businesses. Recently, however,  there has been a nationwide decrease in industrial leasing activity. Amazon, known for  being a leader in industrial development, has now slowed down construction, potentially leading to more opportunities for other developers to seize the industrial market space in Denver. Hear from top owners, developers, tenants and investors as they talk about the Denver industrial market. Find out how this market is positioned with the challenges it will face and the opportunities that could present itself at the Bisnow Denver industrial event.

Projects To Be Discussed During The Session:
These are some key projects in the area that our panelists will be discussing. Read more about these developments by clicking on the links below.

Who You'll Network With: Brokers, owners, developers, investors, construction, designers, architects, financial professionals, government officials, and more CRE decision-makers!

Why You Should Attend This Session: Bisnow events bring together the biggest power players in the industry to identify opportunities, build your network and expand your business. With the largest audience of commercial real estate professionals in the world, no one knows how to help your business more than us.

For questions, recommendations, comments, or press inquiries please email our event producer, Richeler Aladin at Richeler.Aladin@bisnow.com

Key Projects From Our Panelists

25 NORTH BUSINESS PARK - EVERWEST REAL ESTATE INVESTORS

25 COMMERCE PARK - CONFLUENT DEVELOPMENT

KEN CARYL COMMERCE CENTER - CONFLUENT DEVELOPMENT

THE HIGHPOINT ELEVATED - HYDE DEVELOPMENT

Venue

The Rally Hotel
1600 20th St
Denver, CO 80202

Ballroom: Baseline Ballroom
Networking: Pre-function space/terrac


Valet Parking: $15 event parking, parking spaces are on a first-come, first-served basis, and parking spots are not guaranteed.

Valet is located at 1950 Wazee Street.

Wynkoop Garage
1899 Wynkoop
Prices Vary (Cheaper than Valet)

Get Directions

Agenda

Time Activity
2:00 PM
3:00 PM
Breakfast & Networking
3:00 PM
3:45 PM
Denver Industrial Trends

An Economic analysis on the tendencies this market shows across the city

3:45 PM
4:30 PM
Developments, Construction Slowdown, and its Industrial CRE Impact

A deep dive into other factors impacting Denver's pipeline

4:30 PM
5:15 PM
Closing Networking