Colorado firms complete joint venture acquisition of Englewood industrial portfolio for $33 Million
United States, Jan. 7 -- JLL Capital Markets announced that ErvoSquare and Matrix Group, Inc. have partnered to acquire the Pacifica Union Small Bay Industrial Portfolio in Englewood, Colorado, for $33 million. The transaction represents the first partnership between the two Colorado-based real estate firms.JLL assisted ErvoSquare with the acquisition by identifying and securing Matrix Group, Inc., as a joint venture partner.The Pacifica Union portfolio, now rebranded as the Santa Fe Industrial Collective, comprises 10 adjacent warehouse buildings constructed between 1974 and 1985, housing 108 tenant units with an average size of 2,383 square feet. Current tenants include a diverse mix of businesses ranging from electrical contractors and c...
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