Matrix Group Sells Midtown Industrial Buildings for $20.25 Million

Jul, 03 14 Post by: admin | Comments Off on Matrix Group Sells Midtown Industrial Buildings for $20.25 Million

CoStar – by Stacey Boozer

July 3, 2014

Westfield Co. acquired three industrial building in the Midtown Industrial Center at 4120 Brighton Blvd. in Denver from Matrix Group, Inc. for $20.25 million, or about $55 per square foot.

The single-story industrial building total 368,833 square feet. All of the structures delivered in 1952 and are located in the Lower North Central Industrial submarket.

Westfield acquired the assets with the intention to redevelop the existing properties in addition to some ground-up construction.

Tyler Carner of CBRE represented the seller, while Westfield handled the transaction internally.

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