X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

AURORA, CO-Chicago-based First Industrial Realty Inc. has paid $3.75 million, or $46 per sf, for an 81,564-sf industrial property in Gateway Park at 18150 E. 32nd Pl. Sabey Corp sold the building.

The purchase increases First Industrial’s northeast portfolio to 1.8 million sf and its total Denver portfolio to 4.9 million sf.

The building is near Interstate 70 and Tower Road near Denver International Airport. The building received NAIOP’s Building of the Year award in 2000.

”This acquisition is a demonstration of First Industrial’s continued commitment to the Northeast industrial market,” says Greg Downs, managing director for First Industrial. ”We are actively looking for new acquisition opportunities and we hope to be closing more deals like this throughout 2002.”

Tim D’Angleo and Jim Capecelatro of Fuller and Co. represented First Industrial and Jason Addlesperger of the Frederick Ross Co. represented Sabey.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

GlobeSt. NET LEASE Spring 2021Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.