Ambrose Property Group acquires 33-acre industrial park; three buildings in Commerce City fetch $61 million from PGIM

Ambrose Property Group, an Indianapolis-based real estate developer, announced Wednesday that it has purchased Ascent Commerce Center for $61 million. The 33-acre industrial park is located at the intersection of 84th Avenue and Telluride Street in Commerce City. It is comprised of three state-of-the-art, modern industrial buildings, with a total of approximately 595,000 square feet. All buildings are partially occupied with space still available to lease.

Building I is 154,831 square feet and located on the west side of the park. Current users include La-Z-Boy and PCL Construction. There are 43,350 square feet available to lease within the building.

Building II is 313,080 square feet, a cross-docked building in the center of the site. McKesson currently leases 135,053 square feet in the north end of the building; 178,027 square feet is available for lease.

Building III is 127,631 square feet and is located on the east side of the park. Lawless Group currently occupies 26,463 square feet on the south end of the building, leaving 101,068 on the north end, including a 2,600 square foot finished office space, available to lease for immediate occupancy.

PGIM Real Estate (Prudential)
Steven Oliveira | Managing Director, Industrial Investments
Ambrose Property Group
Jason Sturman | President & CIO

Additional Filters

Subcategory
Tags