Global Power Management Company to Open New Facility at Baseline Innovation District
Eaton, a global power management company, has signed a 76,188-square-foot lease within Building 3 of McWhinney’s Baseline Innovation District located at 1765 W. 160th Avenue in Broomfield. Eaton’s lease for roughly half of the 152,761-square-foot flex industrial building reflects the growing interest from sophisticated users in the 1,100-acre mixed-use community, which is located adjacent to the intersection of the I-25 and E-470 transportation corridors. Eaton is expected to take occupancy in November.
Eaton is an intelligent power management company dedicated to improving the quality of life and protecting the environment for people everywhere.
“For Eaton, the Baseline location was attractive to our management team for the great location, fast-growing local community and collaboration we have received from the Baseline management team,” said Jake Dalton, plant manager. “We’re looking forward to joining the local community and making a positive impact through good corporate citizenship.”
McWhinney is nearing the completion of the core and shell, which, together with a “sister” building next door, represents over 305,000 square feet of new, class-A flex-industrial space intentionally designed to serve more discerning flex-industrial users in advanced manufacturing, technology, aerospace, food distribution and similar fields. The buildings are rich in amenities and elevated design features, including 28’ clear height, abundant glazing, roll-up glass doors, solar-readiness and outdoor gathering areas in Baseline’s burgeoning business hub. Starting in 2018, McWhinney previously completed its first two speculative industrial buildings in the Innovation District, which are 100% leased.
“We are seeing a trend of interest from more sophisticated users,” said Clyde Wood, vice president of commercial and mixed-use development at McWhinney. “The elevated architecture, amenities and convenient location of our Baseline community seem to resonate with advanced manufacturing tenants such as Eaton. And with over 300,000 square feet of core/shell space that will be complete this month, we can quickly accommodate a broad range of users and their needs.”
Broker partners Jeremy Kroner and Jim Bolt with CBRE represented McWhinney in the lease transaction. Eaton was represented by CBRE’s Jeremy Ballenger, Tyler Carner and Jessica Ostermick. “Baseline is a great fit for Eaton and other companies looking to enhance their employee experience and expand their production capabilities. The campus caters to innovative industries with modern building features and amenities designed to attract and retain skilled talent,” said Kroner.
Colorado-based developer McWhinney continues to expand its flex-industrial portfolio along the Front Range, focusing on providing first-class industrial, office, warehouse and distribution facilities where a growing number of technology, life science, advanced manufacturing, food service and distribution-focused companies are looking to locate and/or expand.