CBRE Announces 3 Industrial Leases at Mountain Gateway in Arvada
According to CBRE, three tenants have signed leases at Mountain Gateway, a Class A, 51,561 square-foot, two-building industrial development located at 5025 and 5045 Robb Street in Arvada. Built in 2020, Mountain Gateway is one of only a handful of new industrial developments to deliver in the historically tight West Denver submarket over the past decade.
Tyler Carner, Jeremy Ballenger and Jeremy Kroner of CBRE represented the landlord, Griffin Opportunities LLC. Mountain Gateway is now 76 percent leased and has 34,216 square feet of remaining space available.
Moog Inc., an engineering company and leader in innovative motion control solutions, already occupies 29,914 square feet at Mountain Gateway and has expanded by an additional 15,613 square feet. Habitat for Humanity of Metro Denver, Inc., a non-profit organization, leased 20,598 square feet. Finally, Fiero Automation, a specialized high-tech provider of pneumatics, motion and mobile control solutions, leased 15,350 square feet.
Availability of industrial space in metro Denver declined to 6.5 percent in the second quarter of 2022, according to CBRE research. This is down 220 basis points year-over-year. Availability is even tighter in the West Denver submarket, standing at just 3.0 percent in the second quarter, the second lowest rate in the region.