GlobeSt.com covered the potentially transformative sale of 4120 Brighton Blvd. in RiNo.
Excerpt:
Westfield Company has purchased a 12.3 acre property at 4120 Brighton Blvd., saying it "offers an exceptional development opportunity."
The deal includes 368,833 square feet of vintage warehouses with handsome brick façades, and the location offers key access point to downtown Denver via Interstate 70 and Denver International Airport.
"This strategically located, significant property could represent Denver’s single most promising redevelopment opportunity, delivering considerable upside value," said Westfield’s VP of acquisitions Kevin McClintock. "The timing is optimal for 4120’s makeover due to the continued successes of Brighton Boulevard’s ongoing transformation and multiple new projects underway including an adjacent light rail station and the upcoming modernization of the neighboring National Western Complex. The ultimate plan for 4120 will likely involve substantial redevelopment of the existing buildings as well as some ground-up new construction which could include office, light industrial, retail and possibly residential uses."
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