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7/16/24
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Broadrange, a Georgia-based, third-party logistics company, has signed a long-term lease for 1.127 msf encompassing the two remaining buildings in 76 Commerce Center, a Class A logistics park in Denver’s I-76 corridor. We’re told the deal represents the largest speculative lease ever completed in Colorado.
Broadrange specializes in servicing the green energy sector, a portion of this property will be used for distributing solar panel components. This is the company’s first Colorado location, and they plan to occupy the space starting in September 2024, creating dozens of jobs in the area.
Developed by Mortenson Properties and Hyde Development, 76 Commerce Center is a four-building, 155-acre regional distribution center with one full mile of Interstate 76 frontage and immediate interstate access. Buildings 1 and 3 are located at 22250 and 22500 E. I-76 Frontage Rd in Brighton, CO. Both cross-dock buildings have Class A features throughout such as 36-foot clear heights, four drive-in doors and 106 and 108 dock-high doors in Building 1 and 3, respectively, in addition to trailer parking and office space. Building 1 is on a gated and secured site.
Todd Witty and Daniel Close of CBRE represented the landlord in the transaction. Sam Dragan and Jim Bolt of CBRE repped the tenant in partnership with Atlanta-based Strategic Real Estate Partners.
“Broadrange was attracted to 76 Commerce Center for a number of reasons including its location in the affordable city of Brighton, which offers a deep labor pool for companies located in the I-76 corridor,” said Witty. “The stellar location of this industrial park provides incredible regional access to the entire front range while being 20 minutes away from the heart of Denver.”
CBRE arranged the sale of the first two buildings (Building 4 and 5) in 2022 for Mortenson Properties and Hyde Development, who remain in partnership with the new owners on those assets. 76 Commerce Center totals 1.7 msf.
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