Ogilvie Partners Sells Prospect Innovation Campus in Fort Collins to ZS Capital Partners for $42M
Why this matters
Industrial has moved into a normalization phase after the 2020-2023 frenzy. Vacancies are up modestly, sublease space remains a watch item in the big-box logistics segment, and rent growth has shifted from double-digit to mid-single-digit. The long-term tailwinds — nearshoring, e-commerce penetration, infill scarcity — remain intact. Denver multifamily concessions are tightening as the 2024 delivery wave clears, and industrial along the I-25 corridor continues to find institutional bids. Institutional capital is calibrating between core income and value-add basis plays as the cycle matures.
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FORT COLLINS, COLO. — Ogilvie Partners has sold Prospect Innovation Campus, an industrial flex and research-and-development (R&D) campus in Fort Collins, to Denver-based ZS Capital Partners for $42 million. The 226,00…
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