DENVER – Confluent Development, a Denver-based real estate investment and development firm, has teamed up with Bradbury Properties to deliver three new buildings in metro Denver’s emerging industrial hub, Highfield Business Park. CBRE is serving as the projects’ leasing broker, establishing a strong record within the business park after fully leasing the latest development within 12 months of breaking ground.
Highfield Business Park is located southeast of Centennial Airport, near the intersection of E-470 and Peoria Street, and surrounded by strong demographic trends. Recognized as a prime location for industrial use in metro Denver, the business park offers access to I-25 and E-470 as well as Southeast Light Rail.
“We are honored to partner with a firm of Bradbury Properties’ stature in the build-out of Highfield Business Park,” said John Bauknight, development director at Confluent Development. “With industrial space in metro Denver nearing record-high demand, we’re thrilled to support the need for high-quality industrial development in Denver’s growing market.”
The first project under the Confluent Development-Bradbury Properties partnership, which marks the fifth development within the business park, was completed in June and now houses two tenants. The team broke ground on the 101,000-square-foot facility (Highfield Building 5) in October 2016 as a speculative development with CBRE’s Jim Bolt, Jeremy Ballenger and Tyler Carner serving as leasing agents. Within 12 months, the project reached full occupancy.
One of the nation’s largest telecom companies, Charter Communications, represented by Bill Lucas and Spencer Ward of Cushman & Wakefield U.S. Inc, leased 66,000 square feet at Highfield Building 5. Gateway Classic Cars occupies the remaining 35,000 square feet, marking the first Colorado location for the classic and exotic car sales company. Featuring 24-foot clear ceiling/racking height, the facility offers about 12,000 square feet of office space with the remainder of the building serving as warehouse space. The development recently received Tilt-Up Concrete Association’s Achievement Award, for the project’s use of the product in a unique manner that helps to advance industry technology.
“Highfield Business Park presents a tremendous opportunity for industrial users,” said Jeremy Ballenger with CBRE Industrial & Logistics in Denver. “The Southeast submarket is one of Denver’s best performing, boasting the fastest population growth in the region, an educated workforce and Douglas County’s renowned business-friendly environment. Considering the area’s strong demographics combined with the access to transportation and infrastructure, Confluent and Bradbury have created a strategic development that truly stands out.”
Breaking ground this past August, the partnership’s second project is a build-to-suit development for EdgeConneX. The data center provider is expanding its presence within the business park, currently occupying industrial space in an adjacent building while developing a 115,500-square-foot facility for additional space to accommodate its growth. Served by five different fiber providers, Highfield Business Park is uniquely positioned to meet the needs of data center companies. The facility will feature 24-foot clear ceiling/racking height, anticipated to deliver in spring 2018. Lee Diamond with CBRE Advisory & Transaction Services in Denver represented EdgeConneX in the lease.
In addition to the EdgeConneX build-to-suit, the partnership’s third project in the business park consists of a 92,000-square-foot industrial facility that is being developed speculatively. The facility could house one large industrial user or be designed for multiple tenants. The project will break ground this month with project completion scheduled for spring 2018. Confluent and Bradbury plan to continue their partnership within Highfield Business Park, which has 52 undeveloped acres remaining.
“We are proud of these latest developments and the continued progress of Highfield Business Park,” said Tom Bradbury, president at Bradbury Properties. “They are strong developments to showcase our firm’s legacy and record of success that we’ve been building within Colorado for the past 60 years.”
Image courtesy of Confluent Development