At a glance
- The 453,550-square-foot project was completed in 2025 and is 100% leased to four tenants.
- For allocators marking industrial funds, the $209 per square foot figure sets a reference price for a 2025-vintage, fully leased asset at the I-25 and E-470 interchange.
- Four tenants fill the rent roll, so a single expiry or renewal moves a large share of income.
EastGroup Properties bought 25 Commerce Park, a three-building class A industrial project in Denver's North Interstate 25 Corridor, for $95 million, IREI reported Oct. 26.
The 453,550-square-foot project was completed in 2025 and is 100% leased to four tenants. CBRE represented the seller, Rockefeller Group. At $95 million, the price works out to about $209 per square foot.
For allocators marking industrial funds, the $209 per square foot figure sets a reference price for a 2025-vintage, fully leased asset at the I-25 and E-470 interchange. The report describes the location as offering connectivity to metro Denver, Boulder, Northern Colorado and Denver International Airport.
Four tenants fill the rent roll, so a single expiry or renewal moves a large share of income. The report did not disclose lease durations or rents, leaving tenant concentration as the open due diligence question on the buyer's underwriting.
Reported by the Deals desk from Institutional Real Estate, Inc. (IREI). Published . Corrections