JLL Capital Markets announced that ErvoSquare and Matrix Group, Inc. have acquired the Pacifica Union Small Bay Industrial Portfolio in Englewood, Colorado, for $33 million. This marks the first joint venture between the two Denver-based real estate firms. The 257,409-square-foot portfolio, now rebranded as the Santa Fe Industrial Collective, consists of 10 adjacent warehouse buildings with 108 tenant units, catering to a diverse mix of local businesses. JLL facilitated the transaction and identified Matrix Group as a joint venture partner, with the acquisition team led by Senior Managing Director Peter Merrion and Director Rob Key. The property is strategically located at the intersection of West Union Avenue and Santa Fe Drive, offering strong connectivity and access to the Denver metropolitan area.

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