Hines to Develop New Industrial & Logistics Park in Aurora
Hines has formed a strategic partnership with L. C. Fulenwider, Inc. (“Fulenwider”) to develop a Class A industrial & logistics park to be known as Denali Logistics Park at Box Elder, in Aurora. The park, which consists of over 216 acres, is situated within Fulenwider’s larger Box Elder mixed-use development, and will accommodate more than 3 million square feet of industrial & logistics space upon full build out.
Denali Logistics Park will be located east of E-470 between East 60th Avenue and East 68th Avenue in Denver’s growing Airport submarket. This strategic location provides direct, unparalleled access to the Denver Metro and all of its major interstates in under 20 minutes. Specific site amenities will include covered outdoor seating and access to trails along Second Creek along with the planned commercial amenities within the Box Elder mixed-use master plan.
The park is being designed by Ware Malcomb’s Denver office. The buildings will feature a sleek, distinctive design while also providing tenants with functional and efficient, state of the art floor space, all within a controlled business park setting.
“We are thrilled to partner with Fulenwider on such a strategic location in the Denver airport submarket,” said Courtney Schneider, director at Hines. “With sites that are immediately available for build to suit projects, Denali Logistics Park will answer the growing demand for state-of-the-art distribution and warehouse space in one of the area’s most rapidly growing markets. Due to the size of the park and the land we have to work with, we can accommodate any size user and are planning a variety of building sizes and configurations.”
“As another family-owned real estate development business, our team is honored to have the opportunity to work with Hines on a project as impressive as Denali Logistics Park,” said Ferd Belz, president of Fulenwider. “We look forward to capitalizing on this unique opportunity and leveraging the expertise both of our firms have garnered on similar projects over the years.”
“The site is within an Enterprise Zone, Opportunity Zone and Foreign Trade Zone,” stated Wendy Mitchell, president and CEO of the Aurora Economic Development Council. “Having all three of these designations makes the site highly desirable for future tenants in the distribution and advanced manufacturing and data industries. This is a dream product for our team to market to companies looking to relocate or expand and comes at the right time.”
Denali Logistics Park is also zoned “Airport Distribution” and allows for warehouse distribution, light manufacturing, high-tech industrial, and e-commerce fulfillment center uses, among other permitted uses.
“The highly sought-after location for Denali Logistics Park is an extraordinary option for companies wanting to spread their wings to expand and solidify their footprint in Denver’s booming industrial market. We believe the growth and success of the industrial airport submarket speaks for itself” said Jason White, executive vice president at JLL. “Since the pandemic began, we’ve seen a substantial demand increase for modern, high-quality logistics warehouse solutions and are excited to bring a unique offering to continue to attract high-profile occupiers.
Leasing for the project will be managed by Mitch Zatz, Carmon Hicks and Jason White of JLL.