On Aug. 19, AZ Opportunity Fund and ARCO/Murray celebrated the groundbreaking of the Colorado Aerospace Business Center (CABC), a dynamic new industrial and retail development in Colorado Springs. The groundbreaking marks the commencement of this dynamic project’s first phase, poised to become a key hub for aerospace innovation in the region.
Located on a 31-acre site at the northwest corner of Bradley Rd. and Foreign Trade Zone Blvd., CABC will be developed in a series of phases, with the first building totaling 84,750 square feet of small-bay industrial warehouse space. This property was designed for up to four tenants and is expected to reach core and shell completion by the end of Q1 2026. Future phases, driven by market demand, will offer 5 additional industrial buildings ranging from 15,000 to 118,000 square feet, along with three retail pad sites at the prominent corner of the development.
Brady Welsh, principal at AZ Opportunity Fund, expressed his enthusiasm at the ceremony: “The Colorado Aerospace Business Center is a testament to the growth and innovation happening in Colorado Springs. We are committed to creating a business park that not only meets the current needs of aerospace companies but also anticipates their future requirements. CABC will provide a unique blend of specialized infrastructure and amenities that will make it a premier location for aerospace businesses of all sizes.”
AZOFund and ARCO/Murray designed the project to accommodate the specialized infrastructure needs of high-tech and government contracting companies requiring fiber redundancy, rooftop antenna installation, and SCIF spaces. Several key features include heavy power, drive-in and dock high loading, the ability to fence individual buildings for additional security, and outdoor storage capabilities.
Charlie McLean, director of business development at ARCO/Murray, highlighted the collaborative efforts that brought the project to this stage: “Breaking ground on the Colorado Aerospace Business Center is a significant milestone, and we are excited to see this vision take shape. Our team at ARCO/Murray is dedicated to delivering a high-quality, flexible space that will support the diverse needs of the aerospace industry.”
AZ Opportunity Fund secured significant investment from Toda America, Inc., a subsidiary of Toda Corporation, one of Japan’s leading construction, engineering and real estate investment companies. Toda America, Inc. has a long history of developing, owning, and managing high-quality assets in Asia and the United States, including factories, distribution warehouses, and office buildings. Toda America, Inc. brings its extensive experience and reputation for quality to the CABC, helping to ensure the development meets the highest standards of excellence.
CABC is strategically positioned within close proximity to the Colorado Springs Airport, Peak Innovation Park, Schriever Air Force Base, and the U.S. Space Force headquarters. This prime location has attracted a robust workforce and significant private employers such as Amazon, Frito Lay, L3Harris, The Aerospace Corporation, and Northrop Grumman.
The CABC is also located within multiple economic development zones offering a blend of incentives and tax credits to foster business growth, job creation and business expansion including the Pikes Peak Enterprise Zone, Opportunity Zone (OZ), Foreign Trade Zone (FTZ), and Commercial Aeronautical Zone (CAZ).These designations offer substantial benefits, including tax advantages, streamlined customs processes, and access to a thriving aerospace ecosystem, making CABC an attractive option for businesses of all types looking to expand or relocate.
Heather McKeen from Cushman & Wakefield, who is managing the leasing efforts along with Aaron Horn and Tyler Smith, stated, “The Colorado Aerospace Business Center is set to become a cornerstone of aerospace and industrial development in the region. With its strategic location and a variety of build-to-suit opportunities, we anticipate strong interest from companies looking to take advantage of the specialized infrastructure and economic incentives this development offers.”
