Etkin Johnson Real Estate Partners is continuing to make moves throughout the Front Range’s emerging submarkets. Today, the firm announced the acquisition of a 14.18-acre parcel along I-25 near Crossroads Boulevard in Loveland with plans to develop a two-building, 200,000-square-foot industrial/flex campus dubbed Axis 25.
The purchase – which offers high visibility along I-25 and close proximity to the Northern Colorado Regional Airport – is the latest in a string of submarket activity for the firm, including the recent development of 600 Tech Court and 700 Tech Court, industrial/flex space located in the Louisville Corporate Campus, and Edge 470, a new Class A industrial/flex developed located just off of E-470 and Chambers Road in Parker.
“Northern Colorado is solidifying itself as a key business hub, thanks to the City of Loveland and local stakeholders who are committed to unlocking the potential of underutilized corridors in the region,” said Derek Conn, partner at Etkin Johnson. “Axis 25 will offer companies the industrial/flex space they need to grow and the modern amenities needed to attract the area’s skilled workforce. In recent years we have seen a larger percentage of Colorado’s in-migration coming to this area, and we look forward to supporting the diversification of Loveland’s economic base with this development.”
The state-of-the-art campus will offer prominent I-25 tenant signage opportunities, 24-foot clear ceilings, 10-foot glass lines, ESFR sprinklers, multiple loading capabilities, car charging stations, and an environmentally responsible design.
“Etkin Johnson has a 30-year track record of capitalizing on new opportunities in emerging submarkets across the Front Range,” added Conn. “Because we hold our assets long-term, we’ve seen the evolution of what companies need to succeed. Axis 25 will set a new standard for industrial/flex space in Northern Colorado.”
Demand for industrial/flex space has increased substantially in the last several years. According to the City of Loveland’s 2019 Annual Data and Assumptions Report, vacancy rate for industrial properties dropped from 14 percent to 4 percent in the past year alone.
Located across the interstate from the Budweiser Event Center and Larimer County Fairgrounds, the site is immediately adjacent to Brands West, part of a proposed development that re-envisions the area as a new tourist destination for Colorado. Nearby Centerra, a 3,000-acre master-planned community, offers multiple options for housing, retail and entertainment, as well as nearly 300 acres of open space.
Rendering courtesy of Etkin Johnson
