1M sq. ft. Industrial Park Breaks Ground in Northeast Denver
Developer Trammell Crow Company (TCC), along with capital partner Clarion Partners, LLC., has begun construction on 104th Commerce Park, a 1.17-million-square-foot industrial park located at 104th Avenue, just east of the intersection of State Highway 85 and Interstate 76, in Commerce City. The project includes plans for five Class A buildings on an 89.6-acre site featuring prime interstate access, highway visibility and flexibility for industrial users expanding in metro Denver.
The CBRE industrial team of Tyler Carner, Jeremy Ballenger, Jessica Ostermick and Daniel Close are marketing the site on Trammell Crow Company’s behalf. Denver-based Murray & Stafford is the general contractor, teaming with architect Ware Malcomb and Langan Engineering.
Site preparation and initial construction began on Phase 1, which includes two industrial buildings spanning 272,600 square feet and 298,300 square feet each. Space for lease is available from 20,000 to 298,300 square feet. Delivery of Phase 1 is planned for Q2 2022. Phase 2 will follow the completion of Phase 1, with the final three industrial and distribution buildings spanning 262,600 square feet, 193,000 square feet and 132,000 square feet each, as well as yard area available for lease. The Park’s zoning allows for a wide range of industrial and e-commerce uses, including outside yard capability and substantial trailer storage.
Park tenants will enjoy excellent signage, visibility, and highway access in a well-planned, industrial park-like setting in the growing submarket of northeast Denver.
“104th Commerce Park provides a unique option for companies looking to locate or expand in the Denver market. Space for lease is available from 20,000 square feet, with 28’ to 36’ clearance, multiple truck docks, and convenient on-site parking for vehicles, trailers, and outside storage fills a need for industrial tenants in the market,” said Ann Sperling, senior director of Trammell Crow Company’s Denver Business Unit. “The park offers flexible opportunities for tenants at very competitive lease rates for metro Denver.”
TCC’s Bill Mosher, senior managing director, added, “Our goal is to establish a true Class A park for infill development, and we feel the northeast I-76 corridor is where we have seen strong growth for Denver’s industrial market. The access 104th Commerce Park provides will reduce drive-times for transportation networks and is only 6.5 minutes from the North Central submarket.”
With this acquisition, Trammell Crow Company continues to invest in Colorado’s Front Range, having developed for 60+ years in industrial, office, residential, healthcare, and public-private projects, including nearly $3 billion in projects in the last decade.
Images courtesy of TCC