Colorado Real Estate Journal - March 16, 2016
A 23,187-square-foot industrial building in Englewood sold to a tenant for $1.65 million, or $71.16 per sf. Tejon Warehouse LLC bought the building at 2860 S. Tejon St. from Delaware Investments Limited Partnership RLLLP. The buyer is affiliated with Snacks for a Purpose, a vending machine supplier that has occupied the property for many years. The building was listed for sale and drew significant interest, according to Matthew McClintock of Newmark Grubb Knight Frank. “We did take it to market. We had multiple offers,” said McClintock, noting the buyer had first right of refusal on the property. “The buyer, due to the tightness of the (industrial) market, didn’t have any other options to buy anything else. This was their only option,” he said. McClintock and Jeffrey McClintock, also of Newmark Grubb Knight Frank, represented the seller in the transaction. Jackie Yost of Your Castle Real Estate represented the buyer.