TA Realty Acquires 340960 SF Property At 11777 E 55th Ave In Denver With CBRE Representatives

The asset involved in the transaction is a two-building industrial property located at 11777 E 55th Ave, Denver, CO, 80239. The property encompasses 340,960 square feet and is situated on 15 acres near Denver International Airport. The buildings are currently 93 percent leased to seven diversified tenants, with unit sizes ranging from 19,000 square feet to 86,200 square feet. They feature clear heights between 24 feet and 26 feet, equipped with dock-high and drive-in loading capabilities, ESFR/wet sprinklers, and rail service provided by Union Pacific.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: Undisclosed
• Address: 11777 E 55th Ave, Denver, CO, 80239
• Market: Denver
• Seller's Representative: Jeremy Ballenger, Jessica Ostermick & Jim Bolt - CBRE
• Buyer: TA Realty
• Square Footage: 340,960

The transaction involved institutional investors advised by J.P. Morgan Global Alternatives who sold the Airport Central Portfolio. The buyer, TA Realty, acquired the asset without disclosing the price. The selling team comprised Jeremy Ballenger, Tyler Carner, Jim Bolt, and Jessica Ostermick, all affiliated with CBRE National Partners in Denver, representing the seller throughout the deal.