Submarket Snapshot_4Q2023_Industrial_Interactive

INDUSTRIAL 2Q23 SUBMARKET SNAPSHOT NORTH DENVER 4

KEY LEASE TRANSACTIONS Q2 2023 KEY LEASE TRANSACTIONS Q4 2023

SIZE

DATE LEASED DATE LEASED

PROPERTY

TENANT

TYPE

LEASE TYPE LEASE TYPE

CARA STAMP Research Manager Tel: +1 303 218 3258 cara.stamp@cushwake.com MINH NGO Research Analyst Tel: +1 303 312 4293 Minh.ngo@cushwake.com ETHA WESLAR 720 560 8 70 ethan.weslar@cushwake.com

(SF)

PROPERTY

TENANT

SIZE (SF)

TYPE

Apr-23 Oct-23 Nov-23 Apr-23 Dec-23 Apr-23

Allegro Coffee Company Undisclosed

12777 Claude Court Park 12 Hundred - Building 1

25,000

Renewal Renewal New Lease

Direct Direct Direct Direct Direct Direct

138,200

North Washington Commerce Center - Bldg. B Park Centre - Paragon

Undisclosed

6,300

Frito-Lay

75,700

New

25 North – Bldg. 5 3656 Stagecoach Road

Vivacity Tech PBC Brian Wirtz

1,200

New Lease

38,800

New

May-23 KEY SALES TRANSACTIONS YTD 2023 DATE SOLD PROPERTY BUYER / SELLER North Washington Commerce Center - Bldg. Santa Monica Seafood

33,300

New

Direct

SIZE

SALE

PRICE/SF

(SF)

PRICE

555 West 112 th Avenue

Aug-23

Crow Holdings / North Express LLC

65,400

$11.0M

$168/SF

Glacier Business Park

5035 Chaparral LLC / Associated Building Specialties

14,700

$2.7M

$183/SF

Nov-23

PROPERTY 25 North – Bldgs. 6-8 KEY UNDER CONSTRUCTION PROJECTS EverWest Real Estate Investors 288,000 KEY UNDER CONSTRUCTION PROJECTS Dec-23 250 Perry Lane OWNER / DEVELOPER SIZE (SF)

Summit Creek Investments / Smith Environmental & Engineering

9,800

$2.3M

$237/SF

MAJOR TENANTS

EST. COMPLETION

Ferguson Enterprises

Jan-24

SIZE (SF)

Connect 25 – Bldgs. 1-4 PROPERTY

OWNER / DEVELOPER

MAJOR TENANTS

EST. COMPLETION

SunCap JV GID

462,700

N/A

Jul-23

5280 Logistics Park - Target BTS

523,900

Hillwood

Target

Mar-25

25 Commerce Park – Bldgs. 1-3

Confluent Development

454,600

N/A

Jul-24

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.

Innovate 25 – Bldgs. 1A-3A

Brennan investment Group 300,500

N/A

Oct-24

HISTORICAL LEASING ACTIVITY HISTORICAL LEASING ACTIVITY 700,000

1,200,000

600,000

1,000,000

500,000

8 ,000

400,000

300,000

6 ,000

200,000

400,000

100,000

cushmanwakefield.com

200,000

0

0

2018

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2018

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2020

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