DENVER (January 28, 2020) – Stream Realty Partners (Stream) announces its representation of joint venture CWCapital and Kenai Capital Partners in its purchase of Compark Business Park, a three-building, 263,734-square-foot industrial portfolio in Englewood, Colorado. The portfolio was acquired for $41M from Hendricks Commercial Properties.
Consisting of 8560 Upland Drive, 8490 Upland Drive, and 14800 Grasslands Drive, the portfolio is conveniently located north of E-470 and boasts easy access to I-25, E-470, and Centennial Airport.
“This acquisition reflects a major investment in the Colorado market and one that lays the framework for continued acquisitions by our group,” commented Jules Sherwood of Kenai Capital Advisors. “CWCapital and Kenai are excited to be a part of the exciting environment within Compark, and we are committed to expanding our investment footprint throughout the Denver market.”
Though all buildings were leased at the time of sale, 14800 Grasslands Drive is being marketed for immediate lease or sale. Situated on just under 4 acres, the Class A, 50,488-square-foot manufacturing building features a 9,000-square-foot quality office build-out and offers abundant power, large drive-in doors, dock loading, 24-foot clear height, and ESFR sprinklers. The building also has secure outdoor yard space, highly coveted in the Southeast Denver market, and allows users the ability to add additional loading.
8490 Upland Drive and 8560 Upland Drive offer 24-foot clear heights, ESFR sprinklers, and heavy power. Both buildings are both fully occupied by high quality, publicly-traded tenants, including Fortune 500 companies Charter Communications, Quantum Corporation, and LabCorp.
“We are excited by the commitment of CWCapital and Kenai Capital Advisors to the Colorado market and look forward to partnering with such a professional, dynamic ownership group,” commented Tyler Reed, Managing Director of Stream’s industrial platform.