DENVER—EnviroFinance Group plans to sell about77 acres of commercial infill land located near inunincorporated Adams County and the City of Denver, for amultiphase, multi-building development project. TrammellCrow Company has entered into an agreement withGlobeville I, LLC, an EnviroFinanceGroup company, to acquire the site and develop up to1 million square feet in multiple buildings to beknown as Crossroads Commerce Park at Globeville.Phase I of the multi-phase project is slated to commenceconstruction in Summer 2015. The project is expected to includeboth lease and build-to-suit opportunities.

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Globeville I, LLC has spent the last four years working inconcert with the Trust created out of ASARCO'sbankruptcy to complete cleanup of the site to allow forcommercial and industrial redevelopment. Globeville I, LLC willalso complete the preliminary site development before sale of theproperty to Trammell Crow Company.

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“We've worked with agencies at the Federal and State level, aswell as Adams County, the City of Denver and community stakeholdersfor many years to bring this property to this point,” saidStuart Miner, president of EFG and its affiliatedcompanies. “We're very excited to partner with TCC to move thisproject forward into the vertical phase of development.” “To putthis property back into productive use is a once in a generationopportunity for Adams County and Denver,” said BarryGore, president and CEO of Adams County EconomicDevelopment.

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The property's zoning allows for a wide range of industrial andcommercial uses. Situated in both Adams County and Denver, the siteis just north of Downtown Denver at the corner of 55th Avenue andWashington Street. “This site provides a rare opportunity for aprime infill development, with the potential to bring vital newjobs to Adams County and the City of Denver,” said Bill Mosher,Senior Managing Director of Trammell Crow Company's Denver BusinessUnit. TCC's senior director Ann Sperling added:“Our goal is to make Crossroads a prime location for companies withdistribution, warehouse and manufacturing product, and related useslooking to locate or expand in the Denver market.” TheNewmark Knight Grubb Frank team of MikeWafer and Tim D'Angelo will handle themarketing of the site on Trammell Crow's behalf

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“Crossroads Commerce Park will be a key driver in leading ourregion's focus on the next generation of manufactured goods for thenational and world markets”, said Denver's executive director ofeconomic development, Paul Washington. “Our sharedvision with Adams County, EFG and now Trammell Crow, is to create acenter of innovation and excellence, where our businesses andworkforce are highlighted.”

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With this acquisition, Trammell Crow Company continues to investin Colorado's Front Range, having developed a longhistory in industrial, office, residential, healthcare andpublic-private projects, including over $2 billionin projects over the past 10 years.

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David Phillips

David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.