Mortenson Properties And Hyde Development Acquire Industrial Complex In Englewood For $48.2M

The property asset involved in this transaction is an industrial complex located at 7901 South Potomac Street and 7955 South Potomac Street in Englewood, Colorado. The complex spans a total of 266,522 square feet and was sold for $48,200,000, equating to a price per square foot of approximately $181. The two-building property is currently 80% leased to four tenants.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $48,200,000
• Address: 7901 South Potomac Street & 7955 South Potomac Street
• Market: Englewood, CO
• Square Footage: 266,522
• Price Per Square Foot: $181
• Buyer: Mortenson Properties & Hyde Development
• Seller: Westcore
• Broker: CBRE
• Leased Percentage: 80%
• Number of Tenants: 4

Mortenson Properties and Hyde Development were the buyers involved in this transaction, acquiring the property from Westcore. The deal was facilitated by the brokerage firm CBRE, highlighting the collaboration between these entities in the property transfer.