Spencer Fane LLP is pleased to announce that the firm assisted Berkeley Partners in the recent acquisition of a 1.95-million-square-foot Colorado Industrial Portfolio for $247.5 million. This is the largest industrial real estate transaction in Colorado’s history.
Jim Kurtz-Phelan, a Spencer Fane partner in the firm’s Denver office, served as lead attorney for the purchase transaction, while collaborating with Spencer Fane attorneys in Denver, Kansas City, Phoenix, and Dallas to finalize the deal.
The 19 properties Berkeley Partners acquired from Etkin Johnson Real Estate Partners range in size from 26,078 square feet to 293,510 square feet. The properties are located throughout the state with sites in Denver, Arvada, Aurora, Boulder, Centennial, Colorado Springs, Englewood, Golden, Thornton, Westminster and Wheat Ridge.
At the time the deal was finalized, 93 percent of the portfolio was leased.