logo redirect pin user minus plus fax mobile-phone office-phone data envelope globe outlook retail close line-arrow-down solid-triangle-down facebook globe2 google hamburger line-arrow-left solid-triangle-left linkedin wechat play-btn line-arrow-right arrow-right solid-triangle-right search twitter line-arrow-up solid-triangle-up calendar globe-americas globe-apac globe-emea external-link music picture paper pictures play gallery download rss-feed vcard account-loading collection external-link2 internal-link share-link icon-close2
United States
  • Global
  • United States
  • Angola
  • Argentina
  • Australia
  • Austria
  • Bahrain
  • Baltics
  • Belgium
  • Brazil
  • Bulgaria
  • Cambodia
  • Canada
  • Chile
  • Colombia
  • Czech Republic
  • Denmark
  • Egypt
  • Finland
  • France
  • Germany
  • Greece
  • Hong Kong
  • Hungary
  • India
  • Indonesia
  • Ireland
  • Israel
  • Italy
  • Japan
  • Jordan
  • Kazakhstan
  • Kenya
  • Korea
  • Kuwait
  • Latin America
  • Luxembourg
  • Mainland China
  • Malaysia
  • Mexico
  • Morocco
  • Netherlands
  • New Zealand
  • Norway
  • Oman
  • Pakistan
  • Panama
  • Peru
  • Philippines
  • Poland
  • Portugal
  • Romania
  • Russia
  • Saudi Arabia
  • Singapore
  • Slovakia
  • South Eastern Europe
  • Spain
  • Sweden
  • Switzerland
  • Taiwan
  • Thailand
  • Turkey
  • Ukraine
  • United Arab Emirates
  • United Kingdom
  • Venezuela
  • Vietnam
Log In
  • Global Intranet
  • myCBRE
  • Services
    • Business Segments

      Advisory Services

      Global Workplace Solutions

      Real Estate Investments

      • Advisory & Transaction Services
      • Capital Markets
      • Project Management
      • Property Management
      • Valuation & Advisory Services
      • Advisory & Transaction Services | Occupier
      • Client Strategy and Consulting
      • Facilities Management
      • Project Management
      • Development Services (Trammell Crow Company)
      • Flexible Space Solutions (Hana)
      • Investment Management (CBRE Global Investors)
    • Services for Investors
      • Appraisal Management
      • Debt and Loan Valuation
      • Federal Government Leases
      • Leasing & Advisory
      • Litigation Support
      • Net Lease Properties
      • Small Balance Lending
      • Corporate Capital Markets
      • Debt & Structured Finance
      • Going Concern Valuation
      • Investment Accounting & Reporting Solutions
      • Loan Portfolio Sales
      • Property Management
      • Telecom Advisory
      • Construction Risk Management
      • Energy & Sustainability
      • Host
      • Investment Banking
      • Loan Servicing
      • Property Sales
      • Valuations for Financial & Tax Reporting
    • Services for Occupiers
      • Business Transition & Move Management
      • Energy & Sustainability
      • Host
      • Location Analytics
      • Portfolio Services
      • Space Enablement
      • Client Strategy and Consulting
      • Expense Management Solutions
      • Labor Analytics
      • Location Incentives
      • Project Management
      • Workplace
      • Corporate Capital Markets
      • Facilities Management
      • Leasing & Advisory
      • Network Advisory
      • Real Estate Accounting
    • Asset Types & Specialties
      • Office
      • Aerospace and Defense
      • Data Centers
      • Golf & Resorts
      • Multifamily
      • Parking
      • Industrial & Logistics
      • Affordable Housing
      • Hotels
      • Land
      • Nonprofit
      • Self-Storage
      • Retail
      • Aviation Properties
      • Gaming
      • Manufactured Housing
      • Omnichannel
      • Senior Housing
    • Industry Sectors
      • Industrial & Logistics
      • Energy, Oil & Gas
      • Law Firms
      • Technology, Media & Telecom
      • Retail
      • Financial Services
      • Life Sciences
      • Data Centers
      • Healthcare
      • Student Housing & Education
  • Properties
  • Research & Insight
    • Latest National Research & Reports
      The Way Forward
      Weekly Insights
      Reopening the World's Workplaces
      COVID Resource Center
  • People & Offices
  • About CBRE
    • Careers
      Case Studies
      Corporate Information
      Corporate Responsibility
      Executive Leadership - Global
      Investor Relations
      Media Center
      Suppliers

Next

Press Release
CBRE Hires Charlie Knudsen and Julie Cook to Focus on Credit Tenant Lease Financing
  • About CBRE
  • Media Center
  • CBRE Arranges $28 Million Off-Market Sale of Smith Road Commerce Center in Aurora to Clarion Partners, the Group Behind Last Year’s Record-Setting Denver Industrial Portfolio Acquisition

CBRE Arranges $28 Million Off-Market Sale of Smith Road Commerce Center in Aurora to Clarion Partners, the Group Behind Last Year’s Record-Setting Denver Industrial Portfolio Acquisition

Denver, CO | February 13, 2019
  • Email
  • Share
  • Tweet
  • Share

CBRE announced today that the firm recently completed the $28 million off-market sale of the Smith Road Commerce Center located at 12900 East Smith Road in Aurora, Colorado. CBRE’s Tyler Carner, Jeremy Ballenger and Jim Bolt represented the seller, Brookwood Capital Partners of Raleigh, North Carolina. Clarion Partners purchased the 290,147-sq.-ft. industrial property on behalf of a comingled fund, in a sale that closed Dec. 19, 2018.

Clarion Partners is a leading diversified real estate investment management firm headquartered in New York with $47.8 billion in total assets under management. The firm significantly increased its Denver holdings in March 2018 with its record-setting purchase of the 14-building PAULS industrial portfolio, now named Clarion Gateway. Totaling 1.93 million sq. ft., the sale marked Denver’s single largest industrial transaction on record.

“After last spring’s record-setting acquisition, Clarion Partners saw Smith Road Commerce Center as an opportunity to expand their footprint in one of the nation’s best-performing industrial markets. They were able to look past the property’s high vacancy because of their confidence in Denver and the Airport submarket in particular, and the high quality of the asset. The team is also aggressively working to fill the property with one or two tenants in the near term,” said Tyler Carner, Senior Vice President, CBRE.

CBRE retained the leasing assignment for Smith Road Commerce Center, which is currently 63 percent vacant. EPS-Doublet, a printing, event asset and custom fabrication business, occupies a portion of the building with approximately 195,000 sq. ft. remaining available for lease. The property sits on 22.34 acres located just southwest of the intersection of I-70 and I-225 in Denver’s Airport submarket, the region’s largest industrial corridor.

“Smith Road Commerce Center is an excellent addition to Clarion’s Denver portfolio. It allows us to strategically grow our industrial portfolio within one of Denver’s premier submarkets, where Class A assets are rarely traded,” said Hillary Lowrance, Vice President, Clarion Partners.

Brookwood Capital Partners developed the property along with Scannell Properties, completing Smith Road Commerce Center in 2016. Founded in 2006, Brookwood Capital Partners specializes in build-to-suit and speculative property development, value-add acquisitions and real estate asset management.

The vacant space remaining at Smith Road Commerce Center is divisible down to approximately 50,000 sq. ft. The building’s amenities include 32-ft. clear heights, ESFR sprinklers, 27 dock-high doors, drive-in loading, an available spec office suite and a 185-ft. truck court with trailer parking. The property is also located within an Enterprise Zone with tax incentives.

For leasing inquiries at Smith Road Commerce Center/Clarion Gateway Portfolio, contact Tyler Carner at +1 303 264 1903 or [email protected], or Jeremy Ballenger at +1 303 264 1902 or [email protected]

Smith Road Commerce Center
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas is the world’s largest commercial real estate services and investment firm (based on 2019 revenue). The company has more than 100,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 530 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.

Press Releases

Sara Johnston headshot
Sara Johnston
Corporate Communications, Mountain-Northwest Division
+1 303 2641912
+1 660 3499498
+1 303 6281751
  • Corporate Information
  • Corporate Responsibility
  • Case Studies
  • Media Center
  • About Us
  • Careers
  • People and Offices
  • Global Leadership
  • Investor Relations
  • Contact Us
  • Global Web Privacy and Cookie Policy
  • Sitemap
  • Terms of Use
  • United States Privacy Policy
  • Our Response to SCHREMS II
  • Twitter
  • Facebook
  • LinkedIn