Graham Street Realty Acquires First Industrial Property With Purchase in Aurora, Co
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DENVER, Dec. 14, 2020 /PRNewswire/ 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.
Commerce Square is located just south of I-70 in the Denver-Aurora metro area. The property has changed hands for the first time in twenty years. 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 w
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First Industrial Realty Trust, found using ticker (FR) now have 11 analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The target price ranges between 50 and 39 with the average target price sitting at 45.27. Given that the stocks previous close was at 41.1 this now indicates there is a potential upside of 10.1%. The day 50 moving average is 41.71 and the 200 moving average now moves to 41.07. The company has a market capitalisation of $5,267m. Find out more information at: http://www.firstindustrial.com
First Industrial Realty Trust (NYSE: FR) is a leading fully integrated owner, operator, and developer of industrial real estate with a track record of providing industry-leading customer service to multinational corporations and regional customers. Across major markets in the United States, our local market experts manage, lease, buy, (re)develop, and sell bulk and regional distribution centers, light industrial, and other indust