ASB Real Estate Investments has acquired a warehouse portfolio in Denver for $72 million. 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.

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.