DENVER, CO – February 29, 2016 – Trammell Crow Company (TCC) announces the first full-building sale at Crossroads Commerce Park (Crossroads), located at the southwest corner of 55th Avenue and Logan Court in unincorporated Adams County. Empire Staple Company has purchased the 62,000 square foot industrial facility, and will relocate their headquarters to the new building on March 14. TCC is purchasing the current Empire Staple Company site at 1710 Platte Street. TCC’s development plan for the site will be announced in March.
Based in Denver since 1952, Empire Staple Company is one of the nation’s oldest and largest specialty distributors of tools, systems, manufacturing and packaging supplies. The Company sells systems and supplies to nail, staple, strap, tape and mark products used in a wide variety of industries to manufacture, package and ship goods. This new building will feature a larger showroom, as well as accommodate their headquarters offices, provide repair for customer’s tools and systems, product sales and serve as the distribution center for Empire Staple Company’s six branch locations.
“Empire Staple Company is thrilled to take ownership of Building 4 in Crossroads Commerce Park,” said Bill Spicer, President of Empire Staple Company. “With access to both I-25 and I-70 it is, in my mind’s eye, the right place for us to be to further enhance our service to our customers and our distribution reach.”
Bill Mosher, Senior Managing Director within TCC’s Denver Business Unit added, “We are honored to have a longstanding Denver company be the first to move to Crossroads. Empire Staple Company recognizes the great location and is a welcome contribution to this Class A park.”
Crossroads Commerce Park is a modern, master-planned development of nearly 1 million square feet of Class A industrial space in multiple buildings. The flexible site plan at Crossroads provides for building sizes from 17,000-to-376,000 square feet with cross dock, front park/front load and front park/rear load designs. TCC and Principal Real Estate Investors (PREI) purchased 36 acres adjacent to the Empire Staple parcel last summer from EnviroFinance Group and commenced construction on three industrial buildings totaling 640,000 square feet. American Tire Company has fully leased a 127,000 square foot building and the remaining two buildings at the southwest corner of Washington & 55th Avenue offer space available for lease. Future phases will include individual buildings on a build-to-suit basis for users for sale or lease.
Murray & Stafford served as the general contractor and Ware Malcomb as the architect for the Empire Staple Company building. Colorado Business Bank provided financing for the project.
The Newmark Grubb Knight Frank team of Mike Wafer and Tim D’Angelo represented Trammell Crow Company in the transaction. Len McBroom with The McBroom Company represented Empire Staple Company.
About Trammell Crow Company
Trammell Crow Company (TCC), founded in 1948, is one of the nation’s leading developers and investors in commercial real estate. The Company has developed or acquired nearly 2,600 buildings valued at nearly $60 billion and over 540 million square feet. As of December 31, 2015, TCC had $6.7 billion of projects in process and $3.6 billion in its pipeline.
Trammell Crow Company’s teams are dedicated to building value for its clients with professionals in 16 major cities throughout the United States. The company serves users of and investors in office, industrial, retail, healthcare, multi-family residential, through its operating subsidiary High Street Residential, and mixed use projects. For those who occupy real estate, TCC can execute the development or acquisition of facilities tailored to meet its clients’ needs. For investor clients, the company specializes in joint venture speculative development, acquisition/re-development ventures, build-to-suit development, or providing incentive-based fee development services.
TCC is an independently operated subsidiary of CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, and the world’s largest commercial real estate services and investment firm (in terms of 2014 revenue). For more information visit www.TrammellCrow.com.
About Empire Staple Company
Empire Staple Co, one of the nation's oldest and largest specialty distributors was founded in 1952 by Joseph F. Spicer to supply products to the growing Rocky Mountain Empire. Empire Staple Co sells systems and supplies to nail, staple, strap, tape and mark. These products are used in office, industry and construction, to manufacture, package and ship.
As one of the nation's oldest and largest specialty distributors, Empire Staple Co has seven locations that can satisfy your needs, from systems and supplies to repair or replacement. For more information visit www.empirestaple.com.