Rockefeller Group, the U.S. real estate developer, owner and operator, has secured three leases for a total of 322,000 square feet at 25 Commerce Park, a three-building, 453,600-square-foot industrial park located at E. 152nd Ave. & Washington St. in Thornton.
The three tenants include an international food production company that leased all of Building 3 consisting of 176,000 square feet of distribution space and will use the space for the manufacturing and storage of various food products. Building 2 is also 100 percent leased, by two tenants — an audio-visual equipment supplier taking 121,704 square feet in an expansion in Thornton, and a manufacturer of breather technology and filtration products which is leasing 24,596 square feet. 25 Commerce Park has one building remaining which is 131,250 square feet with frontage on Grant Street.
“Rockefeller Group is pleased to welcome our first tenants to 25 Commerce,” said Matt Bruns, senior associate for Rockefeller Group. “The project provides the food production company a large manufacturing facility that will help it to expand its presence throughout the country and allows for the two local tenants to expand as well while remaining in the Denver MSA.” 25 Commerce provides quick access to I-25, the NW Parkway and E-470 and is just 17 minutes to downtown Denver and 20 minutes to Boulder.
Todd Witty and Daniel Close of CBRE represented Rockefeller Group on the leases and are marketing the remaining space at the distribution park. The three deals bring the lease up to 71 percent before construction completion.
“25 Commerce Park project has tremendous leasing momentum as we finalize construction later this year. In today’s leasing environment, it’s almost unheard of to lease over 70 percent of a project before the construction is complete,” said Todd M. Witty senior vice president for CBRE. “It’s truly a testament to the quality of the project that Rockefeller Group has constructed and the demand for warehousing in the north metro area.”
25 Commerce Park is located in a Colorado Enterprise Zone (EZ) — an area designed to promote a business-friendly environment by offering state income tax credits.
“I’m excited to welcome these three tenants to our Thornton business community at 25 Commerce Park.” said Thornton Mayor Jan Kulmann. ”Their addition to Thornton will enhance and create new job opportunities for our residents, providing another excellent place to work right here in Thornton. “
Gibbons-White, Inc.’s Chris Boston and Kegan McNutt represented the food company and originally selected eight different projects and buildings throughout the Denver metro and surrounding areas as potential locations for the company’s manufacturing site. Over time, the search was narrowed down to five locations before 25 Commerce Park was ultimately selected.
“Working with this client was a bit unique as they had specific requirements with regards to clear height, power, water, and other factors as well as significant geographical flexibility,” said Boston, Vice President, Brokerage for Gibbons-White. “From very early in the process, the City of Thornton was phenomenal to work with and assisted us with any questions or issues that they client had as it related to city issues. As negotiations progressed, it became clear that the partnership of Rockefeller Group, our client, and the City of Thornton was the right one and we are looking forward to this long-term relationship.”
Grey Wolf Architecture designed the project and Golden Triangle Construction is the general contractor.
