ASB Buys $72M Warehouse Portfolio in Denver
The three-building, class-A warehouse portfolio totals 633,193 square feet and is located in Denver’s Airport submarket.
Located at 22100 E. 26th Ave in Aurora; 9410 Heinz Way in Commerce City; and 18300 E. 28th Ave in Aurora, the portfolio is fully leased to Subaru of America, Home Depot, and Old West Mattress Company respectively. The buildings—built between 2000 and 2007—feature 28- to 32-foot ceiling heights, ESFR sprinkler systems, a market-standard 7% office finish, flexible layout configurations, and ample truck court depth.
The investment was made on behalf of ASB’s Allegiance Real Estate Fund, a $7.5 billion core vehicle. A Blackstone affiliate, Link Properties was the seller.