Brennan Investment Group, a Chicago-based private real estate investment firm that develops and operates industrial properties throughout the U.S., purchased 37 acres at the southeast corner of I-25 and 128th Avenue in Thornton.
In a press release, Brennan said it plans to develop the site into four distribution facilities, which will total 455K SF. The multitenant space will be divisible into units as small as 16K SF.
The development is the second phase of a current project on an adjacent 24 acres, the acquisition of which Brennan announced in April. Once completed, the first site will include three distribution buildings totaling 300K SF.
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SALES
Peakview Realty purchased the Shoppes at Parker Commons, a 32K SF shopping center in Aurora, for $8.25M. JLL marketed the property, which is anchored by one of only two H Mart locations in Colorado, on behalf of the seller, special servicer LNR Partners LLC.
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Knightsbridge Capital purchased The Gaucho, a 39-unit, 25.8K SF apartment building in Capitol Hill, from the Tremont Investment Group, which had owned and operated the building for 18 years. Calibrate Real Estate’s Kyle Malnati, Sam Bretz and Zack Jenkins represented the seller.
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The Yampa Valley Housing Authority purchased Whitehaven Mobile Home Park, a 28-lot park in Steamboat Springs, on behalf of the park’s residents for $3.13M. The sale, brokered by CBRE, is the second of its kind since the Colorado Legislature’s May passage of HB22-1287 — a bill aiming to preserve affordability for mobile home residents.
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