Westcore recently acquired Dove Valley Business Center II, a 150,600-square-foot Class A warehouse approximately 12 miles southeast of downtown Denver. Westcore purchased the newly completed property, located at 14251 E. Otero Ave. in Englewood, Colorado, from Chicago-based Brennan Investment Group for $20 million.
Dove Valley Business Center II features include an ESFR sprinkler system, a 185-foot oversized truck court, 47 trailer parking spaces and additional auto parking, 28-foot clear height, 31 dock-high doors, and six drive-in doors with ramps. The property is well suited for a single tenant, but can easily be divided to accommodate tenants down to 21,000 square feet. Westcore will build out a 3,000-square-foot spec office suite immediately.
Early last year, Westcore purchased Brennan Investment Group’s sister warehouse development, Dove Valley Business Center I, which Westcore subsequently leased to CoSo Health and Mikron Corporation. Westcore also recently acquired two other newly constructed Class A spec warehouses in the market: the 118,270-square-foot Dove Valley Business Center III and the 148,252-square-foot Dove Valley Business Center IV.
“We’re rapidly establishing a strong presence in the dynamic Dove Valley market,” said Mike Metzger, Director of Acquisitions for Westcore.
Bo Mills of KBC Advisors, and Tyler Reed and Dominic DiOrio of Stream Realty Partners represented Brennan Investment Group, while Westcore represented itself in the transaction. Reed, DiOrio and Peter Beugg, also of Stream Realty Partners, will market the property for lease.
To learn more, visit REBusiness Online.
