August 4, 2023
Announcing the Sale of Industrial Development Land in Compark Business Campus Parker, CO
Denver, CO – August 21, 2023 – Madison Commercial Properties is pleased to announce the purchase of of industrial development land at Compark Business Campus in Parker, Colorado. The acquistion by a 1031 exchange investor consisted of 5.09 acres or 221,720 square feet, and sold on August 4, 2023 for $1,630,000 or $7.35 per square foot.
Jessica Smith and Nick Jurgens, both of Madison Commercial Properties – Denver, represented the buyer, Smilanic Construction and Design Corp. while Jason White, James McGill, and Mitch Zatz of JLL represented the seller, Compark North, LLC.
“Whether for an investment hold, or as an intended development, we continue to see land as one of the most sought-out assets in commerical real estate. As a long-standing member of the community, the new owner is looking forward to expanding their company footprint in popular Parker, Colorado and this asset will be developed into a flex industrial building for owner occupancy,” stated Jessica Smith.