Banner Industrial pays $35M ($86psf) for 407K-SF Picadilly Logistics Center from ASB

7/22/2026

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Denver Business Journal

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• Subcategory: Industrial: Distribution, Industrial: Logistics

• Tag: Sale

• Additional Filters-Subcategory: Industrial: Cross Dock

• Additional Filters-Tags: Sale: Investment, Sale: Single Property

Highlights
Banner Industrial Properties bought an Aurora industrial building for $35 million.
The Picadilly Interchange completion improved access to the rebranded property.
Banner finds the local industrial market didn't get overbuilt like some metros in recent years.