Colorado-Real-Estate-Journal_389417

Page 18 - March 6-19, 2024 www.crej.com Industrial SIORs report billions of dollars in sales and leases each year . For more than 80 years, SIOR has been the most trusted designation in commercial real estate, synonymous with the world’s most elite industrial and office professionals. COLORADO CHAPTER PRESENTING A FEW OF OUR BROKER MEMBERS IN THE COLORADO CHAPTER A NETWORK OF COLORADO DEAL CLOSERS 2023/2024 SIOR COLORADO CHAPTER LEADERSHIP Aaron Valdez, SIOR President aaron.valdez@cushwake.com 303.819.7333 Dominic Diorio, SIOR Vice President dominic.diorio@streamrealty.com 303.957.5321 Tyler Smith, SIOR, CCIM Treasurer t.smith@cushwake.com 303.312.4296 Alec Rhodes, SIOR Secretary alec.rhodes@cushwake.com 303.523.1827 To nd out more informa on about the SIOR Colorado Chapter, please contact the Chapter President, Aaron Valdez |aaron.valdez@cushwake.com | +1 303 819 7333 Chris Ball, SIOR, CCIM Peter E. Beugg, SIOR Mark Bradley, SIOR CCIM Daniel Close, SIOR Steven Conrad, SIOR Gary Fe er, SIOR Jared Goodman, SIOR Mark Goodman, SIOR Michael Helwege, SIOR Carmon Hicks, SIOR Keith Kanemoto, SIOR Peter Kast, SIOR CCIM Richard Kelly, SIOR Pete Kelly, SIOR Bruce Keyes, SIOR, RPA Paul B. Kluck, SIOR, RPA Jeremy Kroner, SIOR Brandon Langiewicz, SIOR Joseph Larkin, SIOR, CCIM, MCR, SLCR Drew McManus, SIOR Craig Myles, SIOR, CPM R.C. Myles, SIOR, CCIM Chris Nordling, SIOR Michael Palmer, SIOR Brad Pech, SIOR Tyler Reed, SIOR Alex Ringsby, SIOR John Rodgers, SIOR, CCIM Tyler Ryon, SIOR T. J. Smith, SIOR Jim Spi ler, SIOR Tom Stahl, SIOR Mike Sta er, SIOR, CCIM Nick Steitz, SIOR Bill Thompson, SIOR Ma Trone, SIOR Mike Viehmann, SIOR Doug Viseur, SIOR Mike Wafer, Sr., SIOR Mike Wafer, Jr., SIOR Ron Webert, SIOR Todd Wi y, SIOR by Avalon Jacka LONGMONT – A global space infrastructure and innovation company expanded its presence in Colorado with a new facility. Redwire Corp. opened a new manufacturing facility at 1660 S. Fordham St. in January. The 26,000-square-foot, state-of-the- art facility features high-bay manufacturing, integration and testing floor space as well as an advanced radio frequency test- ing chamber for installed perfor- mance testing of radio frequency payloads. The new facility will enable high-volume design, man- ufacturing and testing of a variety of space-based antenna hardware and large-scale deployable struc- tures for use in low-Earth orbit for government and commercial customers. The new facility expands Red- wire’s Longmont footprint by 70%, bringing its total workable area to nearly 65,000 sf. Redwire’s existing 38,000-sf clean room facil- ity at 2602 Clover Basin Drive, situated less than half a mile from its new location, special- izes in the design, manufacture, integration and testing of critical spacecraft components, including solar arrays, antennas, deploy- able booms, thermal manage- ment systems and energy storage devices, according to its website. “The new Longmont facility will enable Redwire to manufac- ture more RF Systems and pro- vide our customers with new, expanded integration and testing capabilities,” said Redwire Space Systems President Adam Biskner. “The Redwire team in Longmont has already delivered antennas supporting over 50 spacecraft for a national security constellation being developed, and thanks to the investment in this facility we are anticipating we will be able to triple that hardware throughput in just the next few years.” Redwire leased the property through its Roccor subsidiary in July, according to previous report- ing. Dawn McCombs of Avison Young represented Roccor in the transaction, while Michael Bloom and Matt Dorsten of Michael Bloom Realty repre- sented the landlord, 1660 LLC, c/o Macy Development Co. Headquartered in Jacksonville, Florida, Redwire has a total of 12 facilities in the U.S., Belgium and Luxembourg, including an additional Colorado location in Littleton. Other News n DENVER – A 1.48-acre redevelopment parcel located between Interstates 70 and 76 traded hands for $2.4 million. Brandon Kramer of Marcus & Millichap’s Denver office market- ed the property on behalf of the seller, listed as Grebb West 1 LLC on Adams County public records, and procured buyer ACD, which will redevelop the site into a self-storage facility with a retail pad. The 15,680-square-foot proper- ty at 5595 Federal Blvd. is visible to 30,000 vehicles per day from Federal Boulevard and 83,000 vehicles per day from Interstate 76. Its location directly south of the Federal Boulevard exit off eastbound Interstate 76 and a mile north of Interstate 70’s Federal Boulevard exit presented a “fan- tastic” redevelopment opportu- nity given its proximity to down- town Denver, a statement from Marcus & Millichap noted. The buyer plans to build a self-storage facility with some smaller retail on the frontage. n DENVER – A bitcoin mining and hosting company leased an industrial building off the intersec- tion of Interstate 70 and Colorado Boulevard. Compass Mining Inc. leased a 44,780-sf warehouse at 4950 Colo- rado Blvd. Russell Gruber of Gru- ber Commercial Real Estate Inc. represented the landlord, Villager Square Center LLC. Elizabeth Morgan and Cody Stambaugh of Pinnacle Real Estate Advisors LLC represented the tenant in the transaction and will market the company’s existing spaces for sub- lease. “This free-standing building with easy access to Interstate 70, enclosed outside storage, a larger footprint and heavy power will allow Compass Mining to consoli- date multiple locations under one roof,” said Morgan. Gruber also recently represented Kinney Ventures in the $1.33 mil- lion purchase of eight acres zoned I-2 at County Road 8, Lot 2, in Fort Lupton. Larry Cornell of Phill Foster and Co. represented the sellers, Villano Brothers Farm Inc. In addition, Pinnacle facilitated two industrial sales in Denver in February. Pinnacle’s Chris Knowlton rep- resented the undisclosed seller of a 125-unit self-storage facility situ- ated on a 34,000-sf lot at 2160-2170 S. Ivanhoe St. in Denver. The prop- erty, which included a renovat- ed two-bedroom, one-bathroom house for an on-site manager or rental, sold for $1.45 million. Pinnacle’s Kristjan Danis rep- resented the undisclosed buyer and seller of a 26,134-sf indus- trial property at 835 E. 50th Ave., which sold for $2.25 mil- lion. n CENTENNIAL – A 9,850- sf free-standing flex building located off Interstate 25 between Arapahoe Road and Dry Creek Road sold for $2.17 million. J&K Capital LLC purchased the single-story building, situated on 0.23 acres at 7006 S. Alton Way, Building B, from Bill & Paulette Weinberger LLC in February. Redwire Corp. opens 2nd Longmont manufacturing facility Please see J&K, Page 22 Redwire Corp. Redwire’s new 26,000-square-foot facility at 1660 S. Fordham St. expands the firm’s existing Longmont footprint by 70%. Brandon Kramer