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Westcore Spends $48 Mil on CO Industrial Campus

12/14/20

Westcore has acquired an 11-building, 509.2k sf industrial campus in Broomfield, CO for $48 mil ($94/sf). The asset, located at West Midway Blvd and Burbank St, was sold by Commander Leasing LLC.

Westcore plans to renovate and rebrand the property. Planned changes include a new paint scheme, parking lot upgrades and various other improvements.

“This portfolio provides Westcore the rare opportunity to purchase 35 acres of land with 11 highly functional and 100% leased assets in Denver’s Northwest Corridor, which is one of Denver’s leading infill industrial markets in high demand,” said Westcore’s Director of Acquisitions Mike Metzger.

Tyler Carner, Jeremy Ballenger, Jim Bolt, Jessica Ostermick of CBRE represented the seller in the Broomfield transaction, while Westcore represented itself.





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