Submarket Snapshot_4Q2023_Industrial_Interactive

AIRPORT INDUSTRIAL 4Q23 SUBMARKET SNAPSHOT

KEY LEASE TRANSACTIONS Q4 2023

SIZE (SF)

DATE LEASED

PROPERTY

TENANT

DEAL TYPE LEASE TYPE

CARA STAMP Research Manager Tel: +1 303 218 3258 cara.stamp@cushwake.com ETHAN WESLAR Research Analyst Tel: +1 720 560 8970 ethan.weslar@cushwake.com

Dec-23

Discount Tire

338,500

Central Park Logistics Center – Bldg. 2

Direct

New

Nov-23

Victory Packaging

200,000

Majestic Commercenter – Bldg. 3

Direct

Renewal

Nov-23

Marcone Group

155,900

Central Park Logistics Center – Bldg. 2

Direct

New

KEY SALES TRANSACTIONS YTD 2023

DATE SOLD

PROPERTY

BUYER / SELLER

SIZE

SALE

PRICE/SF

(SF)

PRICE

Jan-23

Fedex BTS – 5805 N. Jackson Gap Street

Stonemont Financial / Scannell

482,700 $72,000,000

$150/SF

Aug-23

Crescent Electric / Scout Cold

170,500 $26,500,000

Nexus at DIA – Bldg. D

$155/SF

KEY UNDER CONSTRUCTION PROJECTS

SIZE (SF)

MAJOR TENANTS

EST. COMPLETION

PROPERTY

OWNER

Pepsi

1,200,000

Pepsi

Apr-24

Pepsi Bottling BTS

Opus

826,300

N/A

March-24

Sun Empire – Bldgs. A & B

Hines

759,000

N/A

February-24

Denali Logistics Park – Bldgs. 1-3

A CUSHMAN & WAKEFIELD RESEARCH PUBLICATION Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 50,000employees in over 400 offices and approximately 60 countries. In 2021, the firm had revenue of $9.4 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter. ©2023 Cushman & Wakefield. All rights reserved. The information contained within this report is gathered from multiple sources believed to be reliable. The information may contain errors or omissions and is presented without any warranty or representations as to its accuracy.

HISTORICAL LEASING ACTIVITY

0 1,000,000 2,000,000 3,000,000 4,000,000 5,000,000 6,000,000 7,000,000 8,000,000 9,000,000

cushmanwakefield.com

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