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September 22, 2021
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KKR Entity Picks Up 164k sf Industrial Facility in the Denver Area

9/13/21

A newly developed, 164k sf Class A industrial building in Aurora (Denver), CO was acquired by global investment firm KKR through KKR’s Americas opportunistic equity real estate strategy. The asset was constructed in 2020 by the seller, a joint venture of Karis Capital and AEW.

Referred as Park 70, the building is situated on 10.3 acres at 1910 North Gun Club Rd. The facility features 32’ clear height, excellent loading, ESFR sprinkler system, abundant parking, and heavy trailer parking. The building, located at the confluence of Interstate 70 and E-470, offering direct access to Denver International Airport, is 100% leased to two tenants.

Will Strong, Greer Oliver and Connor Nebeker-Hay of Cushman & Wakefield’s National Industrial Advisory Group represented the seller in the transaction along with Drew McManus. Matt Trone, SIOR, Steve Hager, Ryan Searle, and Joey Trinkle of C&W’s Denver office provided leasing advisory.

“Park 70 is a state-of-the-art industrial project that given the property’s institutional quality coupled with a central location was ideally positioned to capitalize on tight market conditions, including land constraints,” said Will Strong. “Its Class A design and construction positioned it amongst the top within its competitive set.”




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