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10/28/25
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Harrison Properties recently acquired a 1.6 msf industrial portfolio, which includes 16 buildings across two sites in Denver, CO. We’re told this is the largest industrial transaction on record in Colorado since 2022.
Denver Business Center, Denver, CO |
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The portfolio includes the Upland Distribution Portfolio and Denver Business Center. Both centers have a diversified tenant roster and are located near the intersection of I-70 and I-225, offering immediate connectivity to metro Denver.
Upland Distribution Portfolio consists of 10 small-bay buildings totaling 1 msf of space. The portfolio was 85% occupied at the time of the sale by 27 tenants, with an average suite size of 30.4k sf.
The Denver Business Center contains 594k sf and consists of six small-bay buildings. The park was 92% occupied at the time of the sale by 16 tenants, with an average suite size of 29.7k sf.
Jeremy Ballenger, Tyler Carner, Keiffer Garton, and Jim Bolt of CBRE represented the seller in the transaction.
“Transactions of this size are rarely seen in just one market,” said CBRE’s Ballenger. “With this magnitude, we originally marketed with the option of splitting the portfolio between the two industrial parks. Harrison understood the great tenant demand for functional, small-bay, infill warehouse spaces in the Denver market and capitalized by purchasing both properties together.”
Industrial sales volume in the Denver metro reached $488 mil in Q3 2025, marking a 47.7% increase year-over-year, according to CBRE Research. This brings the year-to-date transaction volume to $1.6 billion, nearly double the amount recorded during the same period in 2024.
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