Colorado-Real-Estate-Journal_381894

Page 10 - January 17-February 6, 2024 www.crej.com To get in touch with our Denver professionals SCAN HERE Who is the partner to predict the future? We can predict real estate shi s and opportunities before they occur using AI data from over 900,000 global properties and transactions from the past 20 years.* *Third party and JLL data Industrial by Avalon Jacka LOVELAND – A national trucking company purchased 26.5 acres of industrial land in the airpark north submarket. Old Dominion Freight Line Inc. acquired the undeveloped site from Interstate Land Holdings LLC for $10 million, according to public records. The parcel is located at Airpark North Second Subdivision, Lots 1-6, Block 2. Travis Ackerman, Tyler Mur- ray and Ty Mashel of Cush- man & Wakefield represented the seller, and the buyer was represented by Jon Dandurand of Burr & Temkin South Inc. “The property provides a central Northern Colorado location in a rapidly develop- ing area and offers ODFL adja- cency to the airport and con- venient access to transporta- tion services, as well as several major global and regional com- panies are also within close proximity,” said Ackerman. The site was originally mar- keted as smaller parcels rang- ing between 3 and 27 acres, but Old Dominion ended up buying the entire site, Acker- man noted. Old Dominion is expected to build a new indus- trial/logistics freight facility on the property. Based in Thomasville, North Carolina, Old Dominion is one of the largest North American less-than-truckload motor car- riers. The company operates throughout the continental U.S., as well as Hawaii and Puerto Rico. s Old Dominion buys undeveloped industrial land in Loveland by Avalon Jacka COMMERCE CITY – A national provider of truck, trailer and commercial vehi- cle parking completed its first acquisition in the Denver metro area. Semi-Stow purchased a 20.43-acre heavy-industrial zoned property at 3801 E. 64th Ave. from Hampton Yards in an off-market transaction for $18.5 million. The outdoor storage property includes a 1,910-square-foot office building constructed in 1957, according to Adams County public records. The property is situated near the intersection of Interstate 270 and Brighton Boulevard, providing quick access to downtown Denver, Denver International Airport and the greater Denver area. Semi-Stow plans to begin oper- ations in the first quarter. The transaction was a direct deal with self-representation on both sides. Tucker Robin- son and Jeff Robinson led the Hampton Yards side of the deal, while Robert Gunby, Max White and Tres Treschke led the acquisition for Semi- Stow. “When we purchased the property in 2021, we knew we had some work on our hands.” said Tucker Robinson. “We’ve spent the past two years work- ing with Commerce City offi- cials to rezone and bring the property back into compliance with municipal code. Although we would have loved to hold onto the site, we believe Semi- Stow will be excellent stewards of the property as it is a perfect fit for their use.” Hampton Yards purchased the property in 2021 for $6.94 million. Austin, Texas-based Semi- Stow, headed by Trent Cam- eron and Dennis Nabors, pro- vides solutions for short- and long-term truck and trailer parking needs with more than 30 locations nationwide. s Hampton Yards sells outdoor storage site to Semi-Stow Old Dominion Freight Line acquired the 26.5-acre site in Loveland for $10 million.