Trammell Crow Company (TCC) announces another building sale at Crossroads Commerce Park (Crossroads). Inline Distributing Company (Inline) has purchased their new 69,550+/- square foot industrial facility located along 52nd Avenue just west of Washington Street in unincorporated Adams County. Construction started last fall and was completed this week.
"Inline has been serving the needs of Denver contractors since 2001. The new centrally-located Denver location extends Inline's heritage of providing extraordinary services to our customers", said Scott Bader, CEO of Inline. "The purchase of this 70,000-square-foot state-of-the-art TCC building extends our commitment to strengthening our roots in Colorado and will continue to offer diverse products and competitive pricing to better support our sophisticated customer base and their dynamic needs."
Inline has supplied the building industry with construction products for more than 30 years, and is now the largest single source provider of environmental remediation, restoration, abatement, fasteners, traffic control, mechanical insulation, safety and construction products in the U.S. Headquartered in Southern California, and operating 11 distribution centers across the United States.
“We are so pleased to welcome Inline as a new owner at Crossroads,” said Ann Sperling, Senior Director with TCC’s Denver office. “We look forward to their completion of tenant improvements and opening for business in our park.”
Crossroads continues to attract tenants and owner/users, with approximately 857,000 square feet in six buildings built at the Park. Additional space remains available for lease, as well as future phases on the south end of the park offering additional buildings on a build-to-suit basis for users for sale or lease. Most recently, Crossroads has been recognized as the 2017 Infill Project of the Year by the Urban Land Institute’s Colorado Chapter, as well as the 2016 Industrial Development of the Year by the Colorado Chapter of the National Association of Industrial and Office Parks (NAIOP).
Murray & Stafford are the general contractor and Ware Malcomb is the architect for the building. Colorado Business Bank provided financing for the project. The Newmark Grubb Knight Frank team of Mike Wafer, Tim D’Angelo, and Mike Wafer Jr. represented TCC in the transaction and handles the leasing and marketing for Crossroads. Nick Steitz of JLL Denver represented InLine in this transaction.
About Inline Distributing
Having supplied the building industry with construction products for more than 30 years, Inline Distributing has become the largest single source provider of environmental remediation, construction, packaging and janitorial products in the Western United States. Recognized for our superior service, our growth is based on a sound business philosophy that allows us to provide the right combination of customer service and product pricing. Our clients are our partners and we are committed to their growth and success. For more information, visit www.inlineco.com.
About Trammell Crow Company
Trammell Crow Company (TCC), founded in 1948, is one of the nation’s leading developers and investors in commercial real estate. The Company has developed or acquired more than 2,600 buildings valued at more than $60 billion and over 565 million square feet. As of March 31, 2017, TCC had $5.9 billion of projects in process and $5.1 billion in its pipeline.
Trammell Crow Company’s teams are dedicated to building value for its clients with professionals in 16 major cities throughout the United States. The company serves users of and investors in office, industrial, retail, healthcare, multi-family residential, through its operating subsidiary High Street Residential and mixed use projects. For those who occupy real estate, TCC can execute the development or acquisition of facilities tailored to meet its clients’ needs. For investor clients, the company specializes in joint venture speculative development, acquisition/re-development ventures, build-to-suit development or providing incentive-based fee development services.
TCC is an independently operated subsidiary of CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, and the world’s largest commercial real estate services and investment firm (in terms of 2015 revenue). For more information, visit www.TrammellCrow.com.