Trader Joe’s has acquired a massive industrial facility in Brighton for $69.35 million.
The recently constructed Lovett 76 Logistics Center at 6196 E. Bridge St. might soon serve as the grocer’s new main distribution center for Colorado, according to Kirk Vanino, principal at Lee & Associates Denver.
Vanino, alongside Ron Webert and Matt Nora of Lee & Associates Denver, represented the seller, Lovett Industrial, a Houston-based real estate investment, development and management company.
The 613,000-square-foot facility sits on a 41.8-acre site in the Bromley Business Park, with an additional 9.5 acres of land providing 260 trailer stalls.
Built with flexibility and efficiency in mind, the property can accommodate a variety of uses, including manufacturing, medical, pharmaceutical, food-grade/cold storage and distribution operations.
Additional features include 143 dock-high doors, 4 drive-in doors, 459 van/car stalls and outside storage.
Vanino told The Post that initial conversations with Trader Joe’s began about a year and a half ago, but discussions became more serious over the past six months as they explored several options in metro Denver.
“This building was built on a speculative basis,” Vanino said, and that multiple tenants and buyer groups were interested. In the end, Trader Joe’s sale turned out to be the best option for Lovett.
Neighboring tenants include Walmart, Staples, Americold and Costco. Representatives from Trader Joe’s did not respond to a request for comment about the acquisition.
Trader Joe’s, a national neighborhood grocery chain with a cult-like following, is known for blending everyday staples with standout items like its viral canvas tote bags and fan-favorite Mandarin Orange Chicken.
The grocer recently opened a new store in Westminster and is planning to add another location at The Shops at Northfield in Central Park next year. In addition, Trader Joe’s has set its eyes on a new store in Denver’s Platt Park neighborhood.