Ambrose, a vertically integrated real estate investment manager that specializes in acquiring, developing and operating modern industrial, logistics and e-commerce real estate, has announced that Advance Stores, Inc., a subsidiary of Advance Auto Parts, Inc., has leased 178,027 square feet of space in Building II of the Ascent Commerce Center, a 33-acre industrial park located in Commerce City. The seven-year lease brings Building II to full occupancy.
Acquired by Ambrose in 2024, Ascent Commerce Center is a state-of-the-art, multi-tenant industrial development comprised of three Class A industrial buildings. Building II, a 313,080-square-foot cross-dock facility, features 36-foot clear heights, seven-inch reinforced concrete floor slabs, dock-high and grade-level doors, automotive and trailer parking and an ESFR sprinkler system. Ideally configured for bulk and local/regional distribution, the park is strategically located close to I-70, I-225 and the E-470 interchange, offering convenient and swift access to Downtown Denver and the Denver International Airport, just a few minutes’ drive from the property.
Ambrose Senior Vice President Pat Walsh said, “The successful lease-up of Building II reflects the consistent demand for modern industrial facilities by large occupiers undertaking rapid advancements and evolutions in their global supply chain strategies. We look forward to providing further value to Advance Stores to ensure that the property is positioned to fully accommodate their retail operational and distribution needs within the greater Denver market.”
Space remains available within the park. Building I has 43,350 square feet available, including a 1,858-square-foot office, while Building III has 101,168 square feet available, including a 2,600-square-foot office.
Ambrose was represented by Drew McManus, Bryan Fry, and Ryan Searle of Cushman & Wakefield. Advance Stores was represented by Carm Hicks and Al Williams of JLL.
