DENVER — Etkin Johnson Real Estate Partners recently secured two new, strong-credit tenants for its Enterprise Park at Stapleton, with long-term leases on two industrial/flex buildings totaling more than 320,000 square feet. Pinnacle Architectural Lighting, Inc. is scheduled to move into a 172,627-square-foot building located at 3801 N. Havana St. in Q3 2018. Floor & Decor Outlets of America will move into a 148,902-square-foot building located at 10075 E. 40th Ave. later this month.
“We developed Enterprise Park because of its potential to attract top companies like Pinnacle and Floor & Decor, who are supporting the long-term economic vitality of the area,” said Ryan Good, partner at Etkin Johnson. “Stapleton has grown into one of the most desirable places to live, work and play in the Denver metro area, offering unparalleled connectivity and accessibility to I-70 and surrounding amenities.”
In 2016, the buildings’ former tenant, SMA America Production LLC, notified Etkin Johnson it would be closing its Colorado operations to move jobs back to its home country, Germany.
“Having built a strong relationship with SMA during their time as our tenant, we understood the company’s decision to move jobs back ‘home’,” added Good. “We negotiated a buyout and strategically sought companies looking for long-term leases that would bring even more jobs to the area. Together, Pinnacle and Floor & Decor represent more than 500 jobs between these buildings.”
Pinnacle is relocating and expanding its operations from an 80,000-square-foot building in Stapleton. Floor & Decor is new to the Stapleton market, with three other locations in the Denver metro area.
Enterprise Park comprises three buildings totaling 461,224 square feet and has received multiple accolades since its development in 2011, including Metro Denver Economic Development Council’s Deal of the Year and ENR Mountain States’ Outstanding Industrial Project (Silver).
The business park features an energy-efficient design, using renewable power generated by wind turbines that offset carbon emission and low-E glass that transmits more than 60 percent of the sun’s natural light while blocking more than 70 percent of its heat. Similarly, the GenFlex cool roof system’s white surface reflects more than seven percent of the sun’s heat away from the buildings, and the energy efficient HVAC systems generate operational cost savings which are passed directly to tenants. Strategically placed skylights further bring daylight in to support optimal performance in the workplace while reducing energy consumption. The outer walls were created from runways recycled from the old Stapleton International Airport, part of one of the nation’s largest recycling projects.
Pinnacle is a Denver-based lighting manufacturer, part of Legrand, North America, committed to providing creative design, quality manufacturing and short lead-times to meet customers’ needs in the lighting and design community. Floor & Decor, founded in 2000, is a leading specialty retailer in the hard surface flooring market, offering a broad in-stock selection of tile, wood, stone, related tools and flooring accessories at low prices.