BSI Leases 117,000 Square Feet at the Newly Completed Hub 25

Hub 25
The most notable investment sale transaction in Q2 2018 was JP Morgan’s acquisition of the 421,499-sq.-ft. Hub 25 Portfolio for $175.56 per sq. ft.

DENVER – CBRE has negotiated a long-term, 117,000-square-foot lease at Hub 25, a new Class A industrial park located at 601 East 64th Avenue in Denver, Colorado. BSI, a leading national provider of high-quality food servery and food service equipment, has leased the entirety of Building A at the centrally located HUB 25 project. BSI is widely recognized for manufacturing “ZGuards” but also offers counter systems, sinks/floor troughs, carts and many other food display or merchandising systems to restaurants nationally.

Tyler Carner and Jeremy Ballenger, senior vice presidents with CBRE’s Denver office, represented the landlord, Denver-based Westfield Company, in the lease negotiation. Steve Hager and Matt Trone with Cushman & Wakefield represented the tenant.

“BSI recognized the advantages of a centrally located infill location that is accessible for both customers but also the company’s skilled labor force,” said Mr. Carner. “BSI relocated from an area impacted by the National Western Center redevelopment project. Remaining in a central location was important to employees and leadership alike.”

Hub 25, a 421,499-square-foot master-planned Class A industrial park, recently delivered in Q4 2016. Property features include a 60-foot speed bay, ESFR sprinklers and available trailer parking as well as an attractively low mill levy. The four-building industrial park also boasts a premium central location, offering direct access to I-25 and unmatched monument signage visibility from the adjacent freeway.

In addition to the 117,000 square feet of Building A that was fully leased by BSI, three buildings are still available at Hub 25 totaling 304,499 square feet. Available space is divisible down to 20,000 square feet to accommodate small-bay tenants.

“Hub 25 is an ideal option for showroom, distribution/warehouse and manufacturing tenants seeking Class A industrial space that is highly visible by 213,000 drivers per day and centrally located in the growing Denver market,” said Mr. Ballenger.

Photo Courtesy of CBRE


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