76 Commerce Center LLC v. BroadRange Logistics LLC (Denver-Area Industrial Lease Default)

Landlords Hyde Development and Mortenson Properties, through entities 76 Commerce Center LLC and 76 Commerce Center 3 LLC, sued third-party logistics operator BroadRange Logistics LLC on May 29, 2026 in Colorado state court, alleging the Georgia-based tenant owes $32 million after defaulting on what was billed as the largest speculative industrial lease in Colorado history. BroadRange signed a long-term lease for more than 1.1 million square feet at the 76 Commerce Center in Brighton in 2024, began missing its $590,000 monthly rent within six months of its free-rent period ending, and had its leases terminated on March 13, 2026 after further defaults following an amended lease.

Why it matters

The default of a tenant that had signed the state's largest speculative industrial lease only two years earlier illustrates how quickly a marquee logistics deal can unravel once a 3PL tenant's own volumes soften, leaving landlords to absorb both unpaid rent and sunk tenant-improvement allowances. Owners underwriting large speculative industrial leases to growth-stage logistics operators should treat this default, and a similar one the same tenant faces in Pennsylvania, as a signal to stress-test concentration risk in big single-tenant industrial deals.

Other matters involving BroadRange Logistics LLC

• KSG v. BroadRange Logistics LLC (Pocono Warehouse Tenant-Improvement Allowance Suit)July 10, 2026 · Filed

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Recently added

• Fox Investments LLC v. City of Kaukauna (Wisconsin Direct-Action Contamination Cost-Recovery Suit)July 23, 2026 · Filed
• DC Blox, Inc. v. Metro Government of Nashville and Davidson County (Nashville Zoo-Area Data Center Moratorium Suit)August 11, 2026 · Filed
• Eagan Capital v. City of Eagan (Minnesota Data Center Moratorium Challenge)June 15, 2026 · Filed
• KSG v. BroadRange Logistics LLC (Pocono Warehouse Tenant-Improvement Allowance Suit)July 10, 2026 · Filed
• HS148SST LLC v. City of Boston (Commercial Property Tax Retaliation Class Action)May 12, 2026 · Pending

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