McWhinney Expands Industrial Footprint in Northern Colorado
In addition to signing three new tenants at its Centerra Industrial campus, Colorado-based developer McWhinney has announced plans to develop a new industrial campus adjacent to the Motorplex at Centerra. The campus will include seven new buildings ranging in size from 43,000 square feet up to 150,000 square feet on both a speculative and build-to-suit basis.
With its extensive land holdings, low land basis and “shovel-ready” sites, Centerra is primed to support a variety of future industrial needs in northern Colorado, including distribution hubs for online sales, logistic operations, last-mile delivery facilities and warehouse space with outdoor storage, among other anticipated demands.
“Despite the impacts of COVID-19 on the economy at large, demand for industrial space in northern Colorado remains relatively steady,” said Clyde Wood, vice president of commercial development for McWhinney. “We are especially excited about the launch of our next industrial district, which is already in the design development phase. This new campus will offer a broader range of building types and sizes to ensure we can accommodate any significant industrial or flex user in the region.”
The industrial district will support a variety of uses including small to mid-size light industrial and flex spaces, large e-commerce distribution centers, and warehouse space with outdoor storage. The planned district will offer immediate access to I-25 via Crossroads Boulevard, and occupants of these future buildings will benefit from a host of campus amenities, including landscaped outdoor plazas, picnic space and trail access.
New tenants at Centerra
McWhinney also recently signed three new tenants at Centerra; NORCO Volleyball Club in Building V and Geary Pacific Supply and a national Fortune 100 home improvement retailer in Building VI. Keeping pace with the stable demand for industrial space in northern Colorado, McWhinney will break ground on Building VII, the final building of the Centerra Industrial Campus, in early 2021. Building VII will include 123,000 square feet of space and features similar to the campus’ other buildings.
Brokers Mike Eyer of CBRE and Kyle Lundy of C3 Real Estate Solutions manage lease transactions for the Centerra Industrial campus on behalf of McWhinney. Mike Eyer and Tyler Rowland of CBRE also represented the home improvement retailer on the tenant side.