25 North, a 70-acre master-planned industrial development in Thornton has secured a long-term lease for a full 135,000-square-foot building as part of the project’s Phase II currently under construction. The new tenant is Ferguson Enterprises, which sells quality plumbing supplies, HVAC products, and building supplies. Ferguson’s new freestanding facility is located at 14827 Grant St (Building 6) and is scheduled for completion in Q1-2024.
25 North is owned and developed by Denver-based EverWest Advisors LLC, an institutional real estate investment management firm, and Invesco Real Estate, a global real estate investment manager. When fully built out, 25 North will total approximately 935,000 square feet (sf) across nine Class A industrial, warehouse, distribution and flex buildings.
Cushman & Wakefield’s Steve Hager, Matt Trone and Joey Trinkle represented ownership in the transaction. The tenant was represented by CBRE’s Jeremy Ballenger, Jessica Ostermick and Tyler Carner.
“We are thrilled to welcome another high-quality tenant in Ferguson Enterprises to our growing roster at 25 North. This project continues to see healthy interest from companies seeking modern Class A industrial space with an exceptional regional location,” said Matt Trone, executive director. “Combining new state-of-the-art industrial product, exceptional freeway visibility and accessibility and proximity to abundant amenities and diversified workforce, 25 North provides an ideal setting for today’s companies.”
25 North offers a strategic location in the high-growth North Denver area, with great accessibility and visibility as well as connectivity to Metro Denver, Boulder and Longmont. The location is approximately 20 minutes from downtown Denver, with immediate access and visibility from I-25, with convenient access to E-470.
Currently under construction, the six Phase II buildings total ±596,575 sf and, including Ferguson, are 42% preleased. Phase I consists of three completed buildings totaling ±340,200 sf that are fully leased to a variety of prominent tenants including Sashco Inc. (121,000 sf), Meati Foods (76,463 sf), and Solid Power (75,022 sf).
All buildings have energy-efficient construction and feature 28’ to 32’ clear height, abundant natural light via skylights and clerestory windows, 60 mil TPO roof, ESFR fire suppression, efficient column spacing and bay depths, large truck courts and generous parking ratios.
