Matrix Group Completes Largest Sale in Brighton Blvd. Corridor in 10 Years
Matrix Group was featured in the Colorado Real Estate Journal on the front page in an article on 7/2/14 titled “Westfield invests in Brighton Boulevard”.
In June, Matrix Group completed the sale of Midtown Industrial Center for $20.25MM. This sale is the largest transaction to occur on the Brighton Boulevard corridor since the Denargo Market property sold about a decade ago. Westfield, the buyer of the property, is working with OZ Architecture to determine redevelopment opportunities at the sight.
Matrix Group purchased this property in July of 1998 for $5.38MM and completed value enhancements including leasing up the vacant space, immediate renovations of the buildings, and renewing a major tenant. The property sold for $20.25MM and is expected to be redeveloped because of the property’s proximity to the first light-rail stop out of Union Station.