Lovett Industrial Acquires 15 Acres in Denver for Industrial Development
Houston-based real estate investment firm Lovett Industrial closed on 14.95 acres of land in Denver in early September 2022, and in November, broke ground on Broadway Logistics Center, a 201,329-square-foot Class A front-park rear-load building.
“The Denver MSA’s population growth shows no signs of slowing. Broadway Logistics Center is uniquely positioned to serve the core of Denver as well as the greater MSA given its infill nature and adjacency to I-25, I-270 and I-76. Development sites for class A industrial in Central Denver are unique and occupier demand is strong,” says Ted Hart, senior managing director at Lovett Industrial.
Marketing and leasing efforts for Broadway Logistics Center will be exclusively handled by Drew McManus, Ryan Searle, and Bryan Fry of Cushman & Wakefield. Texas Capital Bank provides construction financing, Brinkmann Constructors is the general contractor, Powers Brown Architecture is the lead architect, and Kimley-Horn serves as the project’s civil engineer.
The speculative building will feature a 32’ clear height, 6” reinforced concrete slab, 204 auto parking stalls, 57 dock-high doors, 130’ truck courts, and 50 trailer parks. Broadway Logistics Center is expected to be completed in October 2023.
Broadway Logistics Center will have direct access to both 70th Avenue and Broadway and is visible from and accessible by I-25, I-76 and the 270 loop. In addition to the state-of-the-art clear heights, spacious truck courts, trailer storage, and abundant auto parking, the project also plans to feature extensive storefront office space. Additional highlights include excellent proximity to a strong labor force, Denver’s entire consumer base, and the central business district.
Broadway Logistics Center is the second Denver area development for Lovett Industrial. The company recently broke ground on Lovett 76 Logistics Center. Upon full completion, both projects will comprise 815,087 square feet. Lovett Industrial is currently active in six additional markets across the U.S. and has more than 8.5 million square feet of projects currently under construction companywide.