Successful Denver Truck Terminal Redevelopment

Burr & Temkin strives to expose our properties to a wide audience in the real estate community. Our brokers have specialized knowledge about their markets

and the use and potential adaptive reuse of transportation properties in those markets. In some cases, a particular property might have a significantly higher value for an alternate use than as a trucking terminal. This was true of an old Dugan Freight facility in Denver, CO.

The River North area of downtown Denver is emerging as a mixed-use redevelopment zone. In 2001, Zeppelin Development Co. purchased a former Yellow Cab taxi headquarters located on an industrial tract along the Platte River. As part of the TAXI development project, they renovated the 29,000 s.f. building into offices and built a new $20 million, 106,000 s.f. mixed-use building consisting of residences and commercial spaces. Adjacent to the TAXI development was a former Dugan truck terminal on six acres.

With the assistance of Dave Dandurand of our Kansas City office, TAXI acquired the Dugan building in 2007 and rezoned it for mixed-use commercial and residential purposes. It is now designated as the “FREIGHT” building, a mid-century, brick, dock-high freight warehouse. The 5/8-inch thick tempered hockey glass panels from the NHL Pepsi Center were used to enclose conference rooms which allow natural light to stream in. Wood lanes salvaged from a local bowling alley were used as office furniture and workstations.

In February, 2011, 34 Degree, a specialty crispbread cracker manufacturer, chose to expand their headquarters to the FREIGHT building. They liked the fact that the FREIGHT building was built with recycled materials, because one of their corporate goals is to have as little impact on the environment as possible.

Our expertise and market knowledge helped a client sell a property for a higher value as a redevelopment project than as a truck terminal. Please call Burr & Temkin at 1-800-778-2303 to allow us to put our creativity and market knowledge to work for your company.