Graham Street Realty Acquires First Industrial Property
Graham Street Realty’s acquisition of Commerce Sqaure was recently covered by The Daily Sentinel
San Francisco-based commercial real estate investment firm Graham Street Realty (GSR) has acquired Commerce Square in the I-70 East Industrial submarket of the Denver–Aurora metro. The deal closed on December 3, 2020 for a purchase price of $16 million. The property is currently fully leased.
“Graham Street is excited to move into the industrial sector with the acquisition of Commerce Square,” said GSR Managing Principal David Messing. “We were drawn to this asset in particular due to its functionality, infill location and long history of institutional ownership. Denver’s light-industrial market has proven resilient in spite of the pandemic, and we believe it will continue to exceed expectations in the future.”