DENVER, Jan. 7, 2026 – JLL Capital Markets announced today that ErvoSquare and Matrix Group, Inc. have partnered to acquire the Pacifica Union Small Bay Industrial Portfolio in Englewood, Colorado, for $33 million. The transaction represents the first partnership between the two Colorado-based real estate firms.

JLL assisted ErvoSquare with the acquisition by identifying and securing Matrix Group, Inc., as a joint venture partner.

The Pacifica Union portfolio, now rebranded as the Santa Fe Industrial Collective, comprises 10 adjacent warehouse buildings constructed between 1974 and 1985, housing 108 tenant units with an average size of 2,383 square feet. Current tenants include a diverse mix of businesses ranging from electrical contractors and custom cabinet makers to automotive service providers and shipping services.

The 257,409-square-foot industrial property spans 13.98 acres and features clear heights ranging from 14 to 20 feet across the various buildings. Located at the intersection of West Union Avenue and Santa Fe Drive, the complex serves as a functional small-bay warehouse park that has been under single ownership for more than 30 years.

The portfolio is strategically positioned at the junction of Denver's Southwest and South-Central industrial submarkets, offering direct access to Santa Fe Drive and seamless connectivity throughout the Denver metropolitan area. The location provides proximity to dense residential neighborhoods and major retail amenities while avoiding primary highway congestion patterns.

The JLL Capital Markets team was led by Senior Managing Director Peter Merrion and Director Rob Key with additional support from Senior Managing Director Leon McBroom, Director Will Haass and Associates Hannah Pennington and Ellie Savage.

"JLL is thrilled to facilitate bringing together these two established Denver firms into their first joint venture," Merrion. "ErvoSquare and Matrix Group's combined expertise and business plan for Pacifica Union will deliver a desirable industrial option in this highly infill location."

“Peter, Rob and the entire team at JLL did an exceptional job steering this transaction through a time of capital market volatility and identifying Matrix Group, Inc., a best-in-class operator and great partner,” added Michael Ervolina, Founder and Managing Principal of ErvoSquare.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

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For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500^® company with annual revenue of $23.4 billion and operations in over 80 countries around the world, our more than 113,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY^SM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com. 

ErvoSquare is a privately owned, commercial real estate investment and development firm based in Denver, CO. ErvoSquare is focused on acquiring opportunistic and value-add small bay industrial, IOS, and other commercial properties in Colorado and other select markets. ErvoSquare takes an entrepreneurial approach to identifying assets in the lower-middle market, which are typically overlooked by institutional investors, and create value through proactive asset management, strategic redevelopment, and tactical leasing strategies.

Matrix Group, Inc. is a privately owned commercial real estate firm based in Denver, Colorado. Founded in 1994, Matrix combines decades of experience with a modern, integrated platform providing acquisition, asset management, leasing, property management, construction management, and maintenance services. The firm currently oversees nearly 1.5 million square feet of industrial, retail, and office properties along the Colorado Front Range.