Developed by Brennan Investment Group, Innovate at Dove Valley features state-of-the-art industrial design, and strategic proximity to Centennial Airport, E-470, and Interstate 25. The property spans 8.28 acres and provides key infrastructure to support logistics, manufacturing, and last-mile distribution tenants. 

“Innovate at Dove Valley represents our commitment to delivering high-quality industrial facilities in Denver’s thriving Southeast submarket,” said John Torp, Vice President at Brennan Investment Group. “The early lease execution before construction completion underscores the strength of this market and the demand for well-located, modern industrial space. We are pleased to partner with Stream Realty Partners to bring this exceptional project to life and deliver a facility that will serve the tenant’s needs for years to come.” 

Stream Executive Managing Director Tyler Reed, Executive Vice President Dominic DiOrio, and Senior Associate Buzz Miller represented Brennan Investment Group in the lease transaction, while Managing Director Peter Beugg of Stream represented the undisclosed tenant. 

“Innovate at Dove Valley is Brennan Investment Group’s sixth development in Denver’s Southeast submarket and is another example of their exceptional ability to anticipate tenant demand and build product that meets the market,” said DiOrio. “We are thrilled to have secured a long-term, full-building lease with a credit tenant prior to the certificate of occupancy being issued.” 

For more information, contact Stream Denver at 303.957.5300.  

About Stream Realty Partners  

Stream Realty Partners is a national commercial real estate firm offering an integrated platform of leasing, investment and development services. This includes tenant and landlord representation, Legendary CX property management, capital markets, investment management and sales, construction, construction management, national program management, workplace strategies, strategic marketing, and dedicated research. The company is headquartered in Dallas with operations in core markets coast to coast. Since 1996, Stream has grown to more than 1,550 professionals and now completes annual transactions valued at more than $8.9 billion in office, industrial, retail, healthcare, land, and data center properties. For information, visit www.streamrealty.com and follow Stream on LinkedIn, Instagram, X and Facebook. 

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Brennan Investment Group, in a joint venture with New York Life Real Estate Investors, bought 61.4 acres of land at East 112^thAvenue and Havana Street in Commerce City for a phased speculative development. Groundbreaking for the first three buildings is set to occur in second-quarter 2019.

Located 11 miles north of downtown, the site offers proximity to Interstate 76 and E-470, and connectivity to Interstate 80, the country’s main transcontinental logistics corridor.

“The majority of goods that are coming in on truck from the inland ports – Chicago, Cleveland, New York City – come down I-80 and to Denver via 76,” said Dominic DiOrio of Stream Realty Partners. The site also is strategic for its proximity to labor force, visibility to I-76 and U.S. Highway 85, and zoning – two-thirds of the size allows heavy industrial zoning and outside storage, he said.

“When assessing the dynamics of industrial users serving the Denver market, this location’s intrinsic logistic value was compelling,” said Brian Roach, Brennan Investment Group managing principal. “Users will benefit from reliable transportation routes and from a large labor pool in the surrounding area. Transportation and labor are the key considerations for any user seeking industrial space.”

The first phase of construction will total approximately 557,000 sf. The three buildings will comprise cross-dock, bulk distribution and front-park, rear-load construction with ceiling clearance ranging from 28 to 36 feet. There will be “abundant” car parking and truck loading positions, as well as ample yard.

The first phase is targeted for completion in second-quarter 2020. The second phase – two buildings totaling 396,000 sf – will follow as the first phase reaches stabilization.

DiOrio is leading the marketing effort with Stream’s Tyler Reed, Peter Beugg and John Torp, who also handled the land acquisition. Brinkmann Constructors is the general contractor for the buildings designed by Intergroup Architects.

New York Life Real Estate Investors is a division of NYL Investors LLC, a subsidiary of New York Life Insurance Co. It formed the joint venture with Brennan on behalf of an institutional client. The price paid for the site wasn’t released, but Adams County records indicate the Aigaki family sold the land for $9.36 million, or about $3.50 per sf.

Brennan Investment Group is completing its first development in the Denver market: a 150,000-sf speculative industrial building at 14101 E. Otero Ave. in Arapahoe County. It also is developing 310,000 sf in Salt Lake City and has projects underway in Central Florida, Atlanta and Chicago’s O’Hare market.

“We continue to increase our investments in demographically strong markets,” said Scott McKibben, Brennan chief investment officer.

Brennan Investment Group has acquired more than $3 billion in industrial real estate since 2010. Its portfolio spans 28 states and encompasses nearly 40 million sf.

Featured in CREJ’s Dec. 19, 2018-Jan. 1, 2019, issue (view full issue here)

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The three-building project is situated on a 29.24-acre site in the highly sought-after Northwest submarket. It will feature 48 electric vehicle charging stations, two tenant community gathering spaces with shade elements and plenty of seating, walking and bike trail tie-ins, and enclosed bike racks for bike-to-work capability.

Building One at 11250 Wadsworth Parkway will offer 133,600 square feet with 36 dock-high doors and four drive-in doors. Building Two at 11230 Wadsworth Parkway will feature 150,600 square feet with 42 dock-high doors and four drive-in doors. The two warehouses will share a 185-foot truck court. Building Three at 11210 Wadsworth Parkway will have 75,600 square feet with 26 dock-high doors, four drive-in doors, and a 130-foot securable truck court.

Each of the three buildings with 28-foot clear heights will be equipped to accommodate a variety of uses including manufacturing, assembly, distribution, research and development, and life sciences.

Arista 36 is conveniently adjacent to Rocky Mountain Metropolitan Airport and surrounded by world-class brands including Ball Corp, Honeywell, Google, Lockheed Martin, Vail Resorts, Cisco, Sierra Nevada/Sierra Space, Oracle, Anthem, and Century Link. The industrial park offers immediate access to the U.S. Route 36 Corridor­–a key connection between Boulder and the Denver Metro area. Its proximity to E-470/Northwest Parkway and Interstate 25 ensures convenient access to all major transportation routes serving the Denver Metro area including Denver International Airport.

“After almost 36 months of entitlement work, we are thrilled to announce the development of this irreplaceable industrial park in Broomfield,” said Jeff LaPour, founder and CEO of LaPour Partners. “The high image, flexible design, and proximity to a wide variety of amenities will provide much-needed space for companies needing access to the high-quality employment base while seeking Class A accommodations. This is truly the next generation of industrial space meant to attract and retain the highest quality talent.”

Stream Realty Partners has been awarded the leasing assignment for Arista 36. Executive Managing Director Tyler Reed, Managing Director Peter Beugg, Executive Vice President Dominic DiOrio, and Senior Associate Buzz Miller will serve as leasing brokers. Stream, a national commercial real estate firm offering an integrated platform of services, has a growing office in Denver.

“Arista36 will be the most desirable industrial park in the Northwest submarket,” Beugg said. “We have the flexibility to accommodate companies seeking 30,000 square feet up to 160,000 square feet. Located in Arista Broomfield, this project will attract high-quality tenants who will be able to offer their employees a vibrant work environment with residential units, restaurants, bars, hotels, shops, and entertainment all within a short walking distance.”

Arista 36’s idyllic location is within a walkable distance of the surrounding amenities at Arista – Broomfield. The master-planned, transit-oriented development includes 1STBank Center, which hosts between 50 and 70 events a year.  The master plan also provides abundant residential units for executive and workforce housing. With easy access to the RTD Broomfield Station and a short five-minute drive to the Rocky Mountain Metropolitan Airport, tenants and customers can get where they need to go easily and effectively.

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Located at 955 Bannock, the project will have 10 stories, with the ground floor containing the building lobby as well as retail. Four floors will consist of covered parking and the rest of the building will be office space.

Though Golden Triangle has seen an increase in new multifamily units, as well as more retail options, the neighborhood lacked office space to solidify as a live-work-play environment, said Judson Robertson, managing director of Stream Realty Partners’ Denver office.

Robertson is the lead leasing broker for 955 Bannock.

Recent residential activity in the Golden Triangle includes a 176-unit apartment community coming to 13th and Delaware, Greystar’s 16-story complex at Speer and Bannock, and the recent completion of 18-story Eviva Cherokee Apartments.

The goal for this new project is to deliver an “exciting office environment” that will bridge the gap between progressive and professional, Robertson said.

Amenities for the building will include showers, lockers and bike storage on the first floor. The 10th floor with feature an outdoor deck with a meeting space, lounge furniture and unobstructed mountain views.

The developer, Alpine Investments, calls Golden Triangle an underserved office market. The neighborhood feel the area provides is becoming more important to companies with young talent, said Churchill Bunn, a partner at Alpine.

Though downtown serves as Denver’s “economic engine,” a lot of companies with younger employees want to be in a neighborhood environment where they can walk out the door and go to lunch, or take a jog or bike ride on the Cherry Creek Trail, he said.

READ MORE >>

By: Kelcey McClung 
SOURCE: Denver Business Journal
Photo courtesy of Alpine Investments

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Situated on 22 acres, Parc Santa Fe fronts South Santa Fe Drive/U.S. 85, providing tenants direct access to C- 470, which connects to major north-south thoroughfares.

“Parc Santa Fe will be the first industrial product within this submarket in over two decades,” said Michele Wheeler, president and chief operating officer of JacksonShaw. “We are thrilled for this unique opportunity and excited to expand our firm’s presence to the Denver area.”

Slated for completion in second-quarter 2019, Parc Santa Fe includes three buildings, an 85,903-sf Building A, 169,590-sf Building B and 89,633-sf Building C. Each building offers modern facility features, including 24-foot and 28-foot clear heights, dock-high and grade-level loading, ESFR sprinklers, and secured outside storage.

“Parc Santa Fe is located within the highly desired southwest submarket,” said Jeff LaPour, founder and president of LaPour. “Vacancy rates in the submarket are less than 3 percent today, due to lack of available land to build. Companies seeking upgrades or expansions into new, state-of-the-art product finally have an option. Preliminary interest has been strong.”

Stream Realty Partners has been selected to lease and manage the project. Contact Peter Beugg, Dominic DiOrio, Tyler Reed or John Torp for more information on Parc Santa Fe.

By: Kris Oppermann Stern
SOURCE: Colorado Real Estate Journal

Published in the August issue of Development, Design & Construction of CREJ.

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In this new capacity, Holcomb’s primary focus will consist of leasing office properties for both institutional and local property owners. He will also provide other service offerings to his clientele including tenant representation, site selection analysis, investment sales, strategic planning and ancillary client-focused real estate solutions. 

“We are thrilled to have someone of Blake’s expertise and experience joining Stream. His arrival marks an exciting next step for our growth and success in Denver,” said Judson Robertson, managing director, Stream Realty Partners. “Blake has an exceptional track record of success and leadership, and most importantly, embraces Stream’s values and culture.”

Holcomb has more than 13 years of transactional experience in all facets of commercial brokerage, most notably representing Landlords. In addition, he has considerable experience with new ground-up office development, buy-side representation and asset sales, representing both owners and users.

Over the past several years, Holcomb has been involved with more than 215 lease and sale transactions with a total deal consideration in excess of $180 million.

Some of his listing assignments have been with ownership groups such as Westcore Properties, Broe Real Estate Group, Schnitzer West, LLC, American Realty Advisors, Alpine Investments, Western Development Group, Ogilvie Properties, Inc., Black Creek Group and J.P. Morgan Asset Management, to name a few.

“I was immediately attracted to Stream’s unique platform, breadth of service offerings, infrastructure and exceptional reputation nationally,” said Holcomb.  “I am thrilled to join Stream’s talented Denver team, and I am particularly excited about partnering with Judson Robertson.  I foresee incredible growth opportunities for our business in this region.”

Prior to joining Stream Realty Partners, Holcomb was a Principal with Pinnacle Real Estate Advisors for more than 7 years where he was awarded the top office broker on multiple occasions, and Vice President with Binswanger in Denver where he was responsible for orchestrating commercial leasing and sale transactions for corporate users across the Western United States.  He originally began his commercial real estate career in 2005 at CBIZ Gibraltar Real Estate Services in Chicago, as an office specialist.

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DENVER (Jan. 15, 2020) – Jackson-Shaw, LaPour Partners, and Stream Realty Partners (Stream) announce the sale of Parc Santa Fe, a new 345,126-square-foot industrial development in Southwest Denver, to LaSalle Investment Management (LIM).

Situated on 22 acres, Parc Santa Fe is strategically located south of C-470 and S. Santa Fe Drive, with frontage on S. Santa Fe Drive, convenient access to E-470, and proximity to Centennial Airport. The three-building development can accommodate a wide range of users and offers modern facility features including 24-foot and 28-foot clear heights, gated outside storage and car parking, ample dock doors, and abundant power.

Delivered in September 2019, the project represents the first new industrial development in the area since 1997. The project was 62% leased at the time of the sale. “Parc Santa Fe has been more than 12 years in the making and responds to the pent-up demand we have seen from tenants in this area for newly built, state-of-the-art industrial facilities,” said Jackson-Shaw President and Chief Operating Officer Michele Wheeler. “The vision for the project has exceeded our expectations due to the great partnership between Jackson-Shaw, LaPour Partners and Stream.”

The sale garnered significant interest from local and national developers, as the project is a coveted infill site in the Southwest Corridor of Metro Denver. The sales team consisted of Tyler Reed, Peter Beugg and Dominic DiOrio of Stream and Bo Mills of JLL in Los Angeles. Stream will continue to lease and manage Parc Santa Fe on behalf of LaSalle Investment Management. Reed, Beugg and DiOrio, who have marketed the project since it was a development site in 2017, will lead leasing efforts, and Managing Director-Property Management Tom Bahn will lead property management.

“This sale represents continued, strong interest from institutional capital to acquire Class A industrial projects in Metro Denver,” said President of LaPour Partners Jeff LaPour. “LaSalle Investment Management was a pleasure to work with throughout the sale. They are experts at dissecting markets and understood the nuances that made this sale such a great opportunity. We are excited for our partnership in the Denver market.”

Watch the property construction video here.

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Consisting of 8560 Upland Drive, 8490 Upland Drive, and 14800 Grasslands Drive, the portfolio is conveniently located north of E-470 and boasts easy access to I-25, E-470, and Centennial Airport.

“This acquisition reflects a major investment in the Colorado market and one that lays the framework for continued acquisitions by our group,” commented Jules Sherwood of Kenai Capital Advisors. “CWCapital and Kenai are excited to be a part of the exciting environment within Compark, and we are committed to expanding our investment footprint throughout the Denver market.”

Though all buildings were leased at the time of sale, 14800 Grasslands Drive is being marketed for immediate lease or sale. Situated on just under 4 acres, the Class A, 50,488-square-foot manufacturing building features a 9,000-square-foot quality office build-out and offers abundant power, large drive-in doors, dock loading, 24-foot clear height, and ESFR sprinklers. The building also has secure outdoor yard space, highly coveted in the Southeast Denver market, and allows users the ability to add additional loading.

8490 Upland Drive and 8560 Upland Drive offer 24-foot clear heights, ESFR sprinklers, and heavy power. Both buildings are both fully occupied by high quality, publicly-traded tenants, including Fortune 500 companies Charter Communications, Quantum Corporation, and LabCorp.

Stream’s Tyler Reed, Peter Beugg and Dominic DiOrio, who represented the buyer in the sale, will market 14800 Grasslands Drive for sale or lease on behalf of CWCapital and Kenai Capital Partners.

“We are excited by the commitment of CWCapital and Kenai Capital Advisors to the Colorado market and look forward to partnering with such a professional, dynamic ownership group,” commented Tyler Reed, Managing Director of Stream’s industrial platform.

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Since opening in 2012, the Denver office has grown a management portfolio of over 8.6 million square feet across 52 properties in the office and industrial sectors. Some of Stream’s Denver property management clients include LaSalle Investment Management, Becknell Industrial, American National Insurance, Crow Holdings, STAG Industrial, and Link Industrial.

“Our Denver team has been fortunate to see our portfolio grow over 10-fold in the past few years,” said Tom Bahn, Stream Denver’s Managing Director, Property Management. “Our success is a credit to the skills and hard work of our people, Stream’s national platform, and the support and confidence we receive from our clients.”

The 2020 list of commercial property management firms highlights some of Denver’s largest property managers. The DBJ list is ranked by square feet managed in the Denver area.

[Click here] to view the 2020 rankings of commercial property management firms in Denver.

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The team represented the buyer or seller in five industrial sales totaling $71 million dollars across the Denver Metro. Their transactions include:

• Parc Santa Fe (Highlands Ranch, CO): a three-building, 345,126-square-foot industrial portfolio on 24 acres for $58,000,000. Stream represented sellers Jackson-Shaw and LaPour Partners.
• 2951 Chambers Road (Aurora, CO): 8,161 square feet on 12.10 acres for $6,725,000. Stream represented the buyer, HN Marshall, LLC.
• 11001 West I-70 Frontage Road (Wheat Ridge, CO): 10.24-acre land sale for $5,000,000. Stream represented the buyer, Industrial Partners Qualified Opportunity Fund LLLP.
• 826-828 South Sherman Street (Longmont, CO): 9,450 SF on 0.45 acres for $1,300,000. Stream represented the seller DS Partnership LLC.

“We are excited by the robust industrial sale activity in Metro Denver, indicating that institutional capital and developers continue to see the value in this market,” said Tyler Reed, Managing Director of Industrial. “We are grateful to our clients that have entrusted us to execute on their behalf.”

The DBJ Quarterly’s ranking was determined by volume of sales activity in the fourth quarter. The list highlights some of Denver’s eminent sales brokers.

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