GCRE Facilitated Multiple Industrial Deals Around the Commerce City Area.
A two-tenant industrial building sold for $2.7 million in an offmarket transaction in July.
Olive HQ LLC acquired the 31,140-square-foot building at 4955 Olive St. from Appleman LLC. Russell Gruber of Gruber Commercial Real Estate represented the seller, and Jake Malman of Malman Real Estate represented the buyer.
The buyer, affiliated with Auto Glass Express, was a tenant and currently occupies half of the building. The other half is occupied by MacGregor’s Garden. The asset offers connectivity to the greater Denver metro area via Interstates 70 and 270 via Quebec Street.
In July, Gruber also brokered a five-year lease renewal on behalf of tenant Breakers Unlimited and landlord Armos Group for a 14,000-sf industrial building at 2265 E. 74th Ave. in Denver.
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