As industrial space sees record levels of demand across metro Denver, Access 25 Logistics Park, a 300-acre industrial park under construction in Mead, has launched its first speculative building that will deliver 120,250 square feet in the fourth quarter of 2022.
The innovative, new logistics park by Broe Real Estate Group (BREG) will bring 3 million square feet of dual-rail-served warehouse and distribution space to northern metro Denver and is the only industrial park within the greater metro area with access to two Class I rail lines. Ware Malcomb is the architect for the project.
Leasing at Access 25 is already off to a strong start. Earlier this year, The Home Depot committed to a 386,000-square-foot build-to-suit lease at the project. BREG awarded the leasing assignment for Access 25 to CBRE. Daniel Close, Mike Eyer and Tyler Carner are marketing the project for lease, build-to-suit, and speculative construction.
The just-launched spec building will deliver another 120,250 square feet in the fourth quarter of 2022. The spec building is divisible to 20,000 square feet with the option to incorporate office space in addition to warehouse and distribution space. The building will have a 32-ft. clear height, 52-ft. by 52-ft. column spacing, 32 dock high and drive-in doors for loading, 60-ft. speed bays, ESFR sprinklers and 2,000 amps of power. Outdoor storage space is also available throughout the park.
The dual rail service is provided by BREG’s rail affiliate, OmniTRAX, and connects to BSNF Railway Company and the Union Pacific railway.
“Dual-rail service is extremely rare in Colorado. It provides an advantage for any company moving substantial cargo as it is more cost-effective than single service and offers access to more routes and destinations,” said Mr. Close, first vice president, CBRE.
“Access 25 provides shovel-ready developments that unlock immediate rail access to greater Denver and the Rocky Mountain region rather than waiting two or three years for projects that are still in the planning phase,” said BREG executive vice president Reagan Shanley.
Last month CBRE announced that The Home Depot will be the lead tenant at Access 25 Logistics Park.
Annual net absorption reached 10.7 million sq. ft. at the end of 2021, the highest total ever recorded in the metro area, according to CBRE research. The annual total was three times the absorption posted in 2020 and nearly double the previous record of 5.5 million sq. ft. absorbed in 2006.