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Westcore Acquires 150k sf CO Warehouse Property

2/12/21

San Diego-based Westcore has acquired Dove Valley Business Center II, a 150.6k sf, Class A warehouse in Englewood, CO. Westcore purchased the newly completed property, located at 14251 E. Otero Ave, from Chicago-based Brennan Investment Group for $20 mil ($133/sf).

Early last year, Westcore purchased Brennan Investment Group’s sister warehouse development, Dove Valley Business Center I, which Westcore subsequently leased to CoSo Health and Mikron Corporation.

The properties are located 12 miles southeast of downtown Denver and proximate to Interstate 25 and E-470.

Dove Valley II is well suited for a single tenant, but easily demises for flexibility to accommodate tenants down to 21k sf. Westcore will build out a 3k sf spec office suite immediately.

Other property features include an ESFR sprinkler system, a 185-foot oversized truck court, 47 trailer parking spaces and additional auto parking, 28-foot clear height, 31 dock-high doors and six drive-in doors with ramps.

In addition to Dove Valley Business Center II, Westcore recently acquired two other newly constructed Class A spec warehouses in the market – the 118.3k sf Dove Valley Business Center III and the 148.3k sf Dove Valley Business Center IV.

Bo Mills of KBC Advisors and Tyler Reed and Dominic DiOrio of Stream Realty Partners represented Brennan Investment Group, while Westcore represented itself. Reed, DiOrio and Peter Beugg, also of Stream Realty Partners, will market the property for lease.





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