OUR PROJECTS

Acquisition of The Seasons of Cherry Creek joins extensive local multi-family and commercial real estate investment in Denver’s most coveted submarket

DENVER – July 25, 2023 – The Broe Group, the Colorado-based, multi-billion-dollar investment group with diversified holdings in rail and real estate, has acquired The Seasons of Cherry Creek. The signature Class A, Cherry Creek multifamily community is The Broe Group’s latest addition to its long-term, family-owned Cherry Creek holdings that include award-winning multifamily communities and an expansive Class A commercial office portfolio.

“For more than four decades, the Broe family and The Broe Group have called Cherry Creek home,” said The Broe Group’s Kiki Broe. “We have grown with Cherry Creek for generations, and we believe deeply in the future of our community. The Seasons of Cherry Creek plays a vital role in Cherry Creek’s long-term housing plan, and we are committed to ensuring that it remains a vibrant, trusted community for generations to come.”

The Seasons of Cherry Creek is a three-building, 530,575 SF complex rising from 5.2 acres along south Ellsworth in the heart of Cherry Creek. Its 587 units are home to nearly 1,000 local residents.

“The Seasons of Cherry Creek is an exceptional living community in a premier location,’ said Broe Real Estate Group Senior Vice President Josh Mesner. “As a Colorado company, we are very committed to our home market and this acquisition will be a legacy project that will serve our local community for years to come.”

Broe Real Estate Group’s acquisition of The Seasons of Cherry Creek marks one of the largest real estate transactions in Cherry Creek history.

“Cherry Creek’s long-term prosperity relies on sustained investment creating quality jobs and quality services,” said Cherry Creek North President and CEO Nick LeMasters. “The Seasons acquisition is a long-term investment in both of these essential areas, and we are thankful for local partners, like the Broe family, who continue to invest in our community’s long-term future.”

About Broe Real Estate Group
Broe Real Estate Group, an affiliate of The Broe Group, acquires, develops and manages commercial real estate assets. Affiliated companies own and manage office and industrial properties, medical office buildings and multi-family communities across the country, including premier assets in many of the most desirable markets. The Broe Group has a 40-year history of value-add real estate investing in Northern Colorado and across the United States. We improve value though the implementation of focused business plans that increase cash flow and create stable income streams. Additional information is available at broerealestate.com.

About The Broe Group

Founded in 1972, The Broe Group is a private, multi-billion-dollar investment group with diversified holdings in real estate, rail, infrastructure, energy, agriculture, water, healthcare and technology throughout 41 North American states and provinces. Its deep operational knowledge derived from owning and operating multi-billion-dollar businesses and the global economic insights gleaned from serving its vast Fortune 500 clientele are strategic differentiators. The Broe Group’s entrepreneurial focus enables it to find true value wherever it resides. For more information, visit broe.com.    

300,000 SF Spec Building Marks the First Industrial Development in Park’s Northern Phase

Jeffersonville, Ind. – December 14, 2022 – Broe Real Estate Group (BREG), the multi-billion-dollar, Colorado based developer, has begun its first industrial development project within Southern Indiana’s world-class industrial park, the River Ridge Commerce Center. BREG’s 19.5-acre site will be anchored by a 300,000 square foot Class A industrial facility within the 6,000-acre global business park.

“Demand for high quality industrial space in the Louisville, Kentucky market is at an all-time high while vacancy rates within Southern Indiana and Kentucky remain at historic low levels,” said Broe Real Estate Group’s Executive Vice President Reagan Shanley. “This spec project brings critical supply online to serve the sustained market demand and the need for modern logistics space.”

BREG’s project will feature rear load access, 36-foot clearance, and generous trailer parking space to support the highly sought needs of logistics, manufacturing, research, and technologytenants. The park’s rail infrastructure enhancements, provided by The Broe Group’s transportation affiliate OmniTRAX, continues to expand with park development to unlock rail access, shipping efficiency and low-cost transportation for new tenants. 

River Ridge’s centralized location, with strategic access to the Louisville, Kentucky metro region and central US markets, continues to attract industry leading companies – including GE, Amazon, Bose, and Medline – in sectors that span aerospace, automotive, food and beverage, information technology, life sciences, and pharmaceuticals. The park’s economic impact is as powerful as its strategic location, with an employee pool that exceeds 10,000 people and regional economic output of nearly $2.5B. Local Ford Motors and UPS facilities continue to expand and have a major influence on the region.

River Ridge Development Authority Executive Director Jerry Acy said of the project, “the River Ridge Commerce Center continues to be a magnet for growth thanks to our unparalleled logistics efficiencies and multimodal access to central US Markets. Broe Real Estate’s debut industrial project in the north end of the Commerce Center is a major development milestone and will build upon our growing reputation as a world class location for business.”

The new BREG project, planned to accommodate single or dual tenant occupancy, forecasts a summer 2023 construction commencement. Commercial Kentucky’s Robert Walker and Greg Charmoli will lead leasing activity. The project design team includes architect Ware Malcomb and the engineering services of American Structure Point.

About Broe Real Estate Group

Broe Real Estate Group, an affiliate of The Broe Group, acquires, develops and manages commercial real estate assets. Affiliated companies own and manage office and industrial properties, medical office buildings and multi-family communities across the country, including premier assets in many of the most desirable markets. The Broe Group has a 50-year history of value-add real estate investing in Colorado and across the United States. We improve value though the implementation of focused business plans that increase cash flow and create stable income streams. Additional information is available at broerealestate.com

About The Broe Group 

Founded in 1972, The Broe Group is a private, multi-billion-dollar investment group with diversified holdings in real estate, rail, infrastructure, energy, agriculture, water, healthcare and technology throughout 37 North American states and provinces. Its deep operational knowledge derived from owning and operating multi-billion-dollar businesses and the global economic insights gleaned from serving its vast Fortune 500 clientele are strategic differentiators. The Broe Group’s entrepreneurial focus enables it to find true value wherever it resides. For more information, visit broe.com.     

About OmniTRAX, Inc. 

As one of North America’s largest and fastest growing private railroad and transportation management companies, OmniTRAX’s core capabilities range from providing transportation and supply chain management services to railroad and port companies, to providing intermodal and industrial switching operations to railroads, ports and a diverse group of industrial companies. Through its affiliation with The Broe Group and its portfolio of managed companies, OmniTRAX also has the unique capability of offering specialized industrial development and real estate solutions, both on and off the rail network managed by OmniTRAX. For more information visit omnitrax.com.

Commercial Metals Company Selects New Mill Site Along Historic W&W Rail Line

Martinsburg, W.Va. – December 8, 2022 – Winchester and Western Railroad (W&W), an affiliate of OmniTRAX, the nationwide supply chain, industrial development, and logistics solutions provider, has signed an agreement to serve Commercial Metals Company’s (CMC) latest steel mill in West Virginia. CMC, the largest manufacturer of steel reinforcing bar (rebar) in North America and Central Europe, selected Falling Waters, West Virginia after an exhaustivemulti-state site review. The strategic site, located along the historic 106-year-old W&W rail line, provides expansive market access.

“The new CMC mill exemplifies the power of pairing rail and real estate together,” said OmniTRAX CEO Dean Piacente. “By combining the efficiency of rail transportation with astrategic location that can efficiently reach two-thirds of the nation’s population, this new mill is a model of supply chain optimization.”  

The CMC mill project was a collaborative economic development effort by OmniTRAX, State of West Virginia leaders, and Berkeley County officials. The W&W supplemented a state and county incentive package with a custom rail service agreement and additional infrastructure investments to secure West Virginia’s successful site selection pursuit. 

“This new partnership reflects a cross functional team effort to provide CMC with a highly customized commercial service solution. I’m proud of the collaborative work invested to make this day possible,” added Piacente.  

The new steel mill is projected to generate more than 200 jobs while reducing interstate traffic congestion by placing a significant volume of annual carloads on the W&W railroad. CMC anticipates a late 2025 facility opening.

About OmniTRAX, Inc. 

As one of North America’s largest and fastest growing private railroad and transportation management companies, OmniTRAX’s core capabilities range from providing transportation and supply chain management services to railroad and port companies, to providing intermodal and industrial switching operations to railroads, ports and a diverse group of industrial companies. Through its affiliation with The Broe Group and its portfolio of managed companies, OmniTRAX also has the unique capability of offering specialized industrial development and real estate solutions, both on and off the rail network managed by OmniTRAX. For more information visit omnitrax.com. 

About The Broe Group 

Founded in 1972, The Broe Group is a private, multi-billion-dollar investment group with diversified holdings in real estate, rail, infrastructure, energy, agriculture, water, healthcare and technology throughout 37 North American states and provinces. Its deep operational knowledge derived from owning and operating multi-billion-dollar businesses and the global economic insights gleaned from serving its vast Fortune 500 clientele are strategic differentiators. The Broe Group’s entrepreneurial focus enables it to find true value wherever it resides. For more information, visit broe.com.

Lineage Logistics and OmniTRAX Team up to Expand JBS Foods’ Worldwide Reach

DENVER – April 5, 2022 – Great Western Industrial Park (GWIP), a 3,000-acre master planned development owned and operated by The Broe Group, has been selected as the site of JBS Foods’ newest global food supply chain hub. Lineage Logistics, the world’s largest and most innovative temperature-controlled industrial REIT and logistics provider, purchased the 14.86 acre GWIP parcel for the new project from The Broe Group’s transportation affiliate, OmniTRAX.

“Great Western Industrial Park’s strategic location and OmniTRAX’s rail solution offer unparalleled efficiencies and a key connection to the class I rail network and domestic ports,” said Lineage Logistics President and CEO Greg Lehmkuhl.

The new Lineage parcel will house a next generation cold storage facility custom built for global food leader JBS Foods. OmniTRAX will design, build and operate a custom rail solution for the new Lineage facility that unlocks bulk shipment export efficiency and enables worldwide reach.
“OmniTRAX provides customized rail and real estate solutions that meet our customers’ needs,” said OmniTRAX CEO Dean Piacente. “By linking rail and real estate with Lineage Logistics automation, this new project will be a model for optimizing global supply chains.” With a forecasted 2023 project completion, Lineage Logistics’ new facility will leverage the power of industry-leading technology, automation, and transportation to deliver JBS Foods shipments anywhere in the world.

About OmniTRAX, Inc.
As one of North America’s largest and fastest growing private railroad and transportation management companies, OmniTRAX’s core capabilities range from providing transportation and supply chain management services to railroad and port companies, to providing intermodal and industrial switching operations to railroads, ports and a diverse group of industrial companies. Through its affiliation with The Broe Group and its portfolio of managed companies, OmniTRAX also has the unique capability of offering specialized industrial development and real estate solutions, both on and off the rail network managed by OmniTRAX. More information is available at omnitrax.com.

About The Broe Group
Founded in 1972, The Broe Group is a private, multi-billion-dollar investment group with diversified holdings in real estate, rail, infrastructure, energy, agriculture, water, healthcare and technology throughout 37 North American states and provinces. Its deep operational knowledge derived from owning and operating multi-billion-dollar businesses and the global economic insights gleaned from serving its vast Fortune 500 clientele are strategic differentiators. The Broe Group’s entrepreneurial focus enables it to find true value wherever it resides. For more information, visit broe.com.

About Lineage Logistics
Lineage Logistics is the world’s largest temperature-controlled industrial REIT and logistics solutions provider. It has a global network of over 400 strategically located facilities totaling over 2 billion cubic feet of capacity which spans 19 countries across North America, Europe and Asia-Pacific. Lineage’s industry-leading expertise in end-to-end logistical solutions, its unrivaled real estate network, and development and deployment of innovative technology help increase distribution efficiency, advance sustainability, minimize supply chain waste, and most importantly, as a Visionary Partner of Feeding America, help feed the world. In recognition of the company’s leading innovations and sustainability initiatives, Lineage was listed as No. 17 in the 2021 CNBC Disruptor 50 list, the No 1. Data Science company, and 23rd overall, on Fast Company’s 2019 list of The World’s Most Innovative Companies, in addition to being included on Fortune’s Change The World list in 2020. (www.lineagelogistics.com)

Access 25 Logistics Park Recognized for its Multi-Modal Efficiency and Optimized Market Access

DENVER – February 10, 2022 – Broe Real Estate Group (BREG) has announced active development of its fifth national industrial park, Access 25 Logistics Park, providing optimized market access from Colorado’s fastest growing county. The 300-acre rail-served park, located just north of metro Denver, will be anchored by The Home Depot’s new 386,000 sq. ft. Colorado-based, rail-served bulk distribution center. Access 25 Logistics Park provides multi-modal logistics efficiency from the park’s advantageous location and its optimized interstate and rail access.

“Access 25 Logistics Park provides development capacity for three million square feet of light industrial warehousing to serve the unprecedented market demand,” said BREG Executive Vice President Reagan Shanley. “Home Depot’s new distribution center is the ideal project to demonstrate the logistic advantages that Access 25 provides and the efficiency of dual rail-served industrial space.”

Access 25 Logistics Park takes its name from its optimized access to the iconic interstate that connects Colorado’s dynamic urban corridor, Interstate 25. Located near the intersection of I-25 and CR 34, in Weld County the park features dual access rail service by The Broe Group’s rail affiliate, OmniTRAX, making it the closest and only dual rail-served park in the Denver Metro area. Access 25 also provides its tenants with the unique benefit of outdoor storage capacity.

“Home Depot is the second Fortune 50 company in the past two years to choose the geographic benefits of Weld County,” said Weld County Commissioner Steve Moreno. “It joins the successful FedEx regional distribution terminal as a shining example of manufacturing and logistics companies that recognize our tremendous access to Rocky Mountain markets. Access 25 Logistics Park actually strengthens that market accessibility by providing the only dual-served rail park in Colorado’s growth corridor.”

CBRE’s Daniel Close, Mike Eyer and Tyler Carner will market the site for lease, build-to-suit, and spec construction. Demand for industrial space is near record levels in metro Denver, according to CBRE research. Nearly 2.3 million sq. ft. of positive net absorption was recorded in the third quarter of 2021 – almost triple the amount recorded in the third quarter last year. Year-to-date net absorption stands at nearly 4.5 million sq. ft., a 66.9% increase year-over-year.

About Broe Real Estate Group
Broe Real Estate Group, an affiliate of The Broe Group, acquires, develops, and manages commercial real estate assets. Affiliated companies own and manage office and industrial properties, medical office buildings and multi-family communities across the country, including premier assets in many of the most desirable markets. The Broe Group has a 40-year history of value-add real estate investing in Northern Colorado and across the United States. We improve value though the implementation of focused business plans that increase cash flow and create stable income streams. Additional information is available at broerealestate.com.

About The Broe Group
Founded in 1972, The Broe Group is a private, multi-billion-dollar investment group with diversified holdings in real estate, rail, infrastructure, energy, agriculture, water, healthcare and technology throughout 37 North American states and provinces. Its deep operational knowledge derived from owning and operating multi-billion-dollar businesses and the global economic insights gleaned from serving its vast Fortune 500 clientele are strategic differentiators. The Broe Group’s entrepreneurial focus enables it to find true value wherever it resides. For more information, visit broe.com.