Skip to content
Search AI Powered

Latest Stories

Press releases are provided by companies as is and have not been edited or checked for accuracy. Any queries should be directed to the company issuing the release.

CBRE Brokers $12.9 Million Sale of Four-Building Industrial Property in Fort Collins, Colorado

CBRE announced the sale of Plum Tree Plaza, a four-building industrial property totaling 73,170 sq. ft. in Fort Collins, Colorado, to Nectar Equities, LLC. The sale was an off-market transaction.

CBRE Brokers $12.9 Million Sale of Four-Building Industrial Property in Fort Collins, Colorado

CBRE announced the sale of Plum Tree Plaza, a four-building industrial property totaling 73,170 sq. ft. in Fort Collins, Colorado, to Nectar Equities, LLC. The sale was an off-market transaction.

CBRE’s Patrick Devereaux, Jeremy Ballenger, Tyler Carlson, James Brady and Campbell Davis represented the seller, Ogilvie Partners.


The four-building complex is located at 2573, 2579, 2601 and 2607 Midpoint Drive. The asset was constructed in the late 1990s by WW Reynolds Companies. Plum Tree Plaza is 100% leased to four tenants and anchored by Larimer County (government tenancy) and Indivior (life sciences tenancy).

“The buyer was attracted to the strength of the Fort Collins industrial market and the tenants’ long-term commitment to the asset. This sale is indicative of the larger trend of capital pursuing durable long-term cash flow,” said Mr. Devereaux, senior vice president at CBRE.

The property is located two miles from Colorado State University, three miles from downtown Fort Collins and one mile from Interstate 25, providing convenient access to all of Fort Collins.

About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2021 revenue). The company has more than 105,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.

The Latest

More Stories

Roboteon announces breakthrough simulation capability for mobile robots in distribution

Roboteon’s Warehouse Robotics Fulfillment platform

Photo courtesy of Roboteon

Roboteon announces breakthrough simulation capability for mobile robots in distribution


Roboteon, provider of a powerful software platform for warehouse robot enablement, announces breakthrough simulation capabilities in its platform for robotics and other warehouse automation. The new tool help companies make better decisions across multiple time horizons, from initial automation planning through real time execution on the floor.

Interest in Autonomous Mobile Robots (AMRs) and other robotics is high, but there remains much uncertainty about use cases, the number of AMRs and humans needed across different time horizons, expected operational improvements, and cost savings from the robotics investment.

Keep ReadingShow less

Featured

Gather AI Expands Inventory Intelligence Solution into Freezer & Cold Storage Warehouse Environments
Gather AI

Gather AI Expands Inventory Intelligence Solution into Freezer & Cold Storage Warehouse Environments

Pittsburgh, PA – November 19, 2024 – Today inventory intelligence solution Gather AI announces its expansion into freezer and cold storage warehouse environments, an industry-first for inventory monitoring automation.

According to Grand View Research, the U.S. cold storage market size was valued at $40 billion in 2023 and is expected to reach $97 billion by 2030. This can be attributed to technological advancements in packaging, processing, and storage of temperature-sensitive items.

Keep ReadingShow less

VARGO® announces several vendor partnerships and client expansions in Q3 2024

Dublin, Ohio (November 19, 2024) — VARGO®, a leading provider of material-handling systems integration, warehouse execution software and equipment solutions, has announced several new vendor partnerships and customer advancements that are helping them to create efficiencies and empower fulfillment.

VARGO® and Tompkins Robotics have signed a mutual partnership, designating VARGO® as an authorized integrator of the technology. “Tompkins is an obvious choice in partner for us,” said Bart Cera, CEO. “Their robotics solutions are conducive to a weightless, continuous flow as well as being modular and quickly deployable. Their solutions have the ability to shrink or grow with the size of our customer’s operation which will allow us to utilize it often and in many different merchandise categories.”

Keep ReadingShow less
Seegrid joins Open Source Robotics Alliance

Seegrid RS1 AMR utilizing ROS 2 to perform manipulation task in industrial facility.

Photo courtesy of Seegrid

Seegrid joins Open Source Robotics Alliance

November 19, 2024 - Seegrid Corporation, a leading manufacturer of autonomous mobile robot (AMR) solutions for palletized material handling in the US, today announced its membership in the Open Source Robotics Alliance (OSRA), an initiative of the Open Source Robotics Foundation (OSRF). Through this partnership, Seegrid will contribute its industry-leading expertise through its active involvement in the open-source robotics community. The company joins a vibrant network of innovators, collectively driving open-source development for the betterment of the global robotics landscape.

As part of the OSRA, Seegrid will actively support initiatives that foster collaboration and shared knowledge across the robotics field. The company aims to participate in key OSRF activities, including the renowned ROSCon event, as well as on-line communities such as GitHub and ROS Discourse.

Keep ReadingShow less
Rich Egan headshot

Rich Egan, Averitt's vice president of international solutions

Averitt

Averitt names Rich Egan vice president of international solutions

COOKEVILLE, Tenn. – Averitt has appointed Rich Egan as the company’s new vice president of international solutions. Egan, who brings over 40 years of experience in the transportation industry and has specialized in international logistics since 1990, will assume the position held by the retiring Charlie McGee.

Since joining Averitt in 2019 as director of international solutions, Egan has played a pivotal role in shaping the company’s global logistics strategy. His expertise and commitment to service excellence have contributed significantly to Averitt’s growth in this sector. In his new role, Egan will lead the international solutions team and drive strategic initiatives to enhance Averitt's global logistics offerings.

Keep ReadingShow less