Broadway Business Center, one of 19-properties in the Colorado Industrial Portfolio, sold by Etkin Johnson to Berkeley Partners.
DENVER—Locally-based Etkin Johnson Real Estate Partners has sold a 1.95-million-square-foot industrial portfolio in Colorado for $247.5 million to Berkeley Partners, which is headquartered in San Francisco.
The deal marks Berkeley Partners' first acquisition in the Colorado market. Berkeley Partners' industrial platform currently has assets under management totaling more than $625 million.
Etkin Johnson acquired the 19 properties, which range in size from 26,078 square feet to 293,510 square feet, between 1990 and 1998. The portfolio was 93% leased at the time of the sale. Jim Bolt, Jeremy Ballenger, Tyler Carner and Mike Winn of CBRE represented Etkin Johnson in the transaction.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
