Western

DENVER — Denver-based ProLogis is developing Stapleton Business Center North, a master-planned industrial park located at the intersection of 56th Avenue and Havana Street in Denver. The first phase of development will include a 345,000-square-foot distribution facility, which is scheduled to begin construction later this year. At full build-out the park will comprise five buildings totaling approximately 1.2 million square feet of distribution space. Additionally, the project will be built according to United States Green Building Council guidelines for LEED Certification.

LITTLETON, COLO. — Mountain View LLC has purchased a 106,000-square-foot industrial building, which is located at 6415-6455 Business Center Dr. in Littleton, as part of a 1031 exchange. The single-tenant net leased property sold for $16.85 million or approximately $159 per square foot. The current tenant, Verizon Communications Inc., recently negotiated a lease extension that included extensive tenant improvements on the 13-year old building. Alec Rhodes and R.C. Myles of Fuller Real Estate represented the seller, Baylor and Solution Properties, in the transaction.

PORTLAND, ORE. — Reno, Nev.-based DP Partners has completed its first speculative building at LogistiCourt at Portal Way in Portland. Located at 18210 NE Portal Way, the 264,984-square-foot facility is divisible to 43,992 square feet and features 30-foot clear height ceilings, 50 truck docks, six drive-in doors, bay sizes of 52-foot by 55-foot with 60-foot speed bays, parking for 183, trailer parking upon request and T5 HO high-efficiency light fixtures. Centennial, Colo.-based Vistar Corp. has signed a long-term lease for 102,988 square feet of the newly completed facility. Portland-based Group Mackenzie provided architectural services; and Portland-based Perlo McCormack Pacific served as general contractor for the project. The exclusive leasing agent for LogistiCourt is Andy Kangas, Arielle Scesa and Stuart Skaug of CB Richard Ellis.