Submarket Snapshot_4Q2023_Industrial_Interactive

INDUSTRIAL 4Q23 SUBMARKET SNAPSHOT NORTH CENTRAL

KEY LEASE TRANSACTIONS 4Q 2023

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

DATE LEASED

PROPERTY

TENANT

SIZE (SF)

DEAL TYPE

LEASE TYPE

Nov-23

5501 E. 47th Avenue

Snyder’s

36,100

Renewal

Direct

Oct-23

5151 N. Bannock Street

Frozen Food Express

33,100

Renewal

Direct

Jul-23

Freeway Industrial Center

The Beautiful Opco, LLC

30,000

New Lease

Direct

KEY SALES TRANSACTIONS YTD 2023 DATE SOLD PROPERTY BUYER / SELLER

SIZE (SF)

SALE PRICE

PRICE/SF

May-23

Central Connection Comunale Properties / EverWest Real Estate Investors 194,700

$39.6M

$203/SF

KEY UNDER CONSTRUCTION PROJECTS

EST. COMPLETION

PROPERTY

OWNER / DEVELOPER SIZE (SF)

MAJOR TENANTS

Quantum 56 - Phase I, Bldgs. 1-3

Hines

Sep-24

580,000

N/A

Broadway Logistics Center

Lovett Industrial

Feb-24

201,300

N/A

Pivot Denver - Bldgs. 1-4

Westfield

Feb-24

472,800

Total Tool

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

2,500,000

2,000,000

1,500,000

1,000,000

cushmanwakefield.com

500,000

0

2018

2019

2020

2021

2022

2023

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