ConstructionDevelopmentIndustrial

22-Acre Industrial Project Breaks Ground Near DTC

Phase I of HUB Arapahoe, a 304,172-square-foot, 22-acre industrial warehouse campus development 1.5 miles east of I-25 at Arapahoe Road. HUB Arapahoe, which is owned and developed by Jordon Perlmutter & Co., will be the closest new generation warehouse development to the Denver Tech Center. “We are excited to break ground on HUB …

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DevelopmentIndustrialReports

Increased Demand for Industrial Space Driving up Rental Rates, CBRE Report

According to a new report from CBRE, tight vacancies and high demand are sparking bidding wars for industrial space across the U.S., driving both asking and taking rent growth to new highs. Asking rents increased a record 8.3% year-over-year in Q4 2020 and 7.1% in Q1 2021—well above the five-year …

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DevelopmentIndustrialOffice

EverWest Signs Full-Building Lease at New 25 North Spec Denver Industrial Project

Underscoring the strength of the Colorado industrial market, EverWest Real Estate Investors has preleased a 121,000-square-foot speculative industrial building currently under construction at its 25 North industrial park in Thornton. Founded in 1936, Colorado-based Sashco manufacturers caulks, sealants and stains. It will relocate and expand into the new building, which …

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ConstructionDevelopmentHealthcareIndustrialOfficeTechnology

Medical Technology Company Strengthens Commitment to Colorado with New Campus 

“We’re thrilled with Medtronic’s investment in Colorado,” said Governor Jared Polis during the groundbreaking of the medical technology manufacturer’s new 400,000-square-foot campus in Lafayette. “This campus will allow for good jobs, innovation, and employee wellness, all of which are critical to powering the Colorado Comeback.” Developed in partnership with Ryan Companies US, …

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IndustrialReportsRetail

U.S. Will Need 330M sq. ft. of Additional Distribution Space by 2025

With e-commerce penetration expected to grow to 26 percent of all retail sales by 2025, the U.S. will need an additional 330 million square feet of distribution space just to handle the increase in online ordering in that timeframe, according to a new report from CBRE. That anticipated, e-commerce-generated demand …

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ConstructionDevelopmentIndustrialLand Sales

Power REIT Acquires 10-Acre Property in Crowley County for Greenhouse Development

Power REIT, a real-estate investment trust (REIT) that owns real estate related to Controlled Environment Agriculture, has acquired a 10-acre property in Crowley County, through a wholly owned subsidiary (“PropCo”). The property will include the construction of a 12,000-square-foot greenhouse space and 12,880 square feet of support buildings and infrastructure that will …

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ConstructionDevelopmentIndustrial

Two More Buildings Break Ground at Eastpark 70

Two more buildings are joining Eastpark 70, a Class A industrial development in northeast Aurora. The project by Consolidated Investment Group—an Englewood-based company that actively invests in real estate, capital markets, private equity and philanthropyal—already totals 900,000 square feet across four buildings. Building 5 will total 158,900 square feet and Building …

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BrokerageDevelopmentIndustrialOffice

Kenai Capital Advisors and CWCapital Purchase Westminster Office Portfolio

Kenai Capital Advisors and CWCapital Investment Management have acquired a portfolio of three office/flex properties and one development parcel on Church Ranch Boulevard in Westminster. The partnership purchased the 151,746-square-foot portfolio containing 7237, 7401, and 7403 Church Ranch Boulevard, as well as an adjacent vacant development site, from Etkin Johnson. Essex Financial Group secured …

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Industrial

Arvada Puts Brakes on Amazon Facility

The Arvada City Council rejected Amazon’s proposal for a 112,485-square-foot delivery center at 6730 Indiana St. in Arvada on Monday. The council rejected two resolutions to annex and rezone land needed for the project. The warehouse would have been a last stop for items being loaded into trucks and sent out for delivery, …

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ConstructionDevelopmentIndustrial

Fourth Industrial Building Breaks Ground at Centennial Encompass Business Park

Central Development recently celebrated the groundbreaking at Encompass 171, the fourth building at Encompass Business Park in Centennial. The 171,600-square-foot industrial warehouse building is being built by award-winning general contractor Alcorn Construction and marketed by industrial broker T.J. Smith at Colliers International. Encompass has the most momentum of any park …

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