Colorado-Real-Estate-Journal_520940

INSIDE 16 FEATURED CONTENTS APRIL 15-MAY 5, 2026 Office 6 Industrial 12 Multifamily 16 Retail 18 Finance 28 Law & Accounting 32 CDE News 36 Who's News 49 12 Class A industrial Bron Tapes signs lease for 82,000-sf building at Hub Arapahoe New housing Wood Partners buys IOS site to develop multifamily community 18 Strip center sale Curbline acquires unanchored center off Powers Boulevard 6 Rightsizing space Zynex Medical signs lease for consolidated office space in DTC by Avalon Jacka BRIGHTON – A Denver- based vertically integrated AI infrastructure provider will expand its manufacturing capabilities with a new facility positioned along the Interstate 76 corridor. Crusoe leased the 352,000-square-foot facility at 22600 E. Interstate 76 Front- age Road within 76 Commerce Center, a 1.7 million-sf, Class A industrial development. The company declined to disclose the owner or brokers in the deal. The specialized manufac- turing facility will be branded the Spark Factory and will be dedicated to the production of Crusoe Spark, the company’s modular AI “factory.” Crusoe Spark turnkey, prefabricated modular AI data centers are designed to bring powerful, low-latency compute to the network’s edge, a statement from Crusoe said. The data centers allow for the scalable deployment of critical AI infra- structure – including power, cooling, remote monitoring, fire suppression and high-den- sity racks – closer to where the data is generated. The new facility will feature advanced manufacturing sys- tems to facilitate the assem- bly of Crusoe Spark modules. The company’s AI-powered manufacturing approach ensures that the infrastruc- ture is built in a state-of-the- art facility using advanced technology. The new factory will allow Crusoe to rapidly scale capacity for its Crusoe Cloud AI platform and man- aged inference offerings. The company expects the first factory-produced modules to be completed in third-quarter 2026. “Speed is core to Crusoe’s DNAand is the primary driver behind our new Spark Factory – allowing us to move beyond traditional construction meth- ods to deliver AI infrastructure in a modular productized form Crusoe leases 352,000-square-foot facility by Avalon Jacka DENVER – A Class A medical office building on the St. Joseph Hospital cam- pus sold for the first time since its delivery. Lincoln Property Co., in partnership with PGIM , pur- chased St. Joseph Medical Pavilion, a 99,503-square- foot outpatient medical building located at 1818 N. Ogden St. The sale was not recorded with Denver County prior to publication. The selling entity was listed on Denver County public records as Fidelis Medical Denver Partners LLC, affili- ated with Houston-based developer Fidelis. CBRE facilitated the transaction. “This acquisition strength- ens our growing national health care investment plat- form while expanding our presence and operational capabilities in Denver and the Mountain West,” said Alastair Barnes, Lincoln Property Co. vice president, healthcare investments. “With modern infrastruc- ture, strong institutional tenancy, and a compelling lease-up opportunity, St. Joseph Medical Pavilion is well-positioned to deliver durable long-term perfor- mance.” The buyers were attracted to the asset because, “It is one of the highest-quality outpatient medical build- ings in the Denver area and exceptionally well-located on the St. Joseph Hospital campus within the Uptown medical district,” said Lin- coln Property Co. Executive Vice President Brian Bacha- rach. Fidelis developed the building and delivered the asset in 2020. An entity affili- ated with Lincoln Property Co. and PGIM assumed Fidelis’ ground lease of the property and took out a $125 million loan from BMO bank jointly with the assumption in March, according to coun- ty records. St. Joseph Medical Pavil- ion was 82% leased at the time of sale to a diverse ten- ant roster, including Inter- mountain Health and lead- Lincoln buys St. Joseph Medical Pavilion Crusoe leased a 352,000-square-foot specialized manufacturing facility in Brighton to build its Crusoe Spark modular AI data center units, pictured in use above. Please see Crusoe, Page 17 Please see St. Joseph, Page 17 Lincoln Property Co., in partnership with PGIM, purchased the 99,503-square-foot St. Joseph Medical Pavilion at 1818 N. Ogden St. in March.