DENVER—Boulder-based real estate firm Conscience Bay Company has acquired the Colorado Trade Center at 5151 Bannock Street in Denver, from Bannock Street Center Limited Partnership. This 700,000 square foot industrial property was originally built for the Chicago Burlington and Quincy Railroad in 1922. It was later acquired by Associated Grocers, who added several buildings and converted a portion of the project from warehouse manufacturing space to cold storage for food and produce distribution.

The seller acquired the property in 1985 and completed extensive renovations. The project has been home to notable tenants such as Miller-Coors, Nestle Purina, Owens Corning and Nash Finch. Current tenants include Safeway, FreshPoint, FreshPack, Condit Exhibits and Colorado Doorways. With the purchase of the Colorado Trade Center, Conscience Bay has more than doubled its portfolio and the acquisition marks Conscience Bay's entrance into the Denver real estate market.

Located near the intersection of I-25 and I-70, the Colorado Trade Center was fully-leased at the time of sale with a wide range of industrial tenants on long-term leases.