Colorado Real Estate Journal -
A chemical company finally got the chance to buy a site it had its eye on for the past couple of years. Industrial Chemicals Corp. paid $1.96 million for 4.79 acres of land with 34,800 square feet of improvements at 4781 W. 58th Ave. in Arvada. It then flipped about 65 percent of the property to Simply Storage Holdings for $980,000. “It was a very creative deal because Industrial Chemicals didn’t need the entire site,” said Cassidy Turley Colorado broker Alec Rhodes. “Because they are the tenant next door, they needed some strategic expansion room. We’d been looking at this for a couple years. When Simply Storage came along to partner on the acquisition, it made it possible.” Simply Storage reportedly plans a storage facility on its property. Rhodes, along with Cassidy Turley Colorado brokers Tyler Smith and Aaron Valdez, represented Industrial Chemicals Corp. in the transactions. Cassidy Turley brokers Brian Wilkes and T.J. Johnson represented Simply Storage Holdings. Mike Wafer of Newmark Knight Frank Frederick Ross represented Thomas Enterprises, which sold the property to Industrial Chemicals.