New Baseline Mixed-Use Community Secures First Industrial Tenant
DENVER — Denver-based Quality Electronic Distribution (QED) — one of the nation’s top 35 wholesalers of electrical supplies — is the first industrial tenant at Baseline, a new 1,100-acre mixed-use community in Broomfield being developed by Colorado-based developer McWHINNEY.
QED plans to lease approximately 32,379 square feet at Baseline, situated at Highway 7 and I-25, the company’s seventh location in Colorado.
The first Baseline industrial building was completed in June 2018 and includes 24-foot clear heights, dock high loading, ESFR sprinklers and flexible space configurations similar to those recently developed at Centerra, McWHINNEY’s master-planned community in Loveland, Colorado.
The architect for the building is Ware Malcomb and the general contractor is Murray and Stafford.
With current, active negotiations on approximately 50,000 square feet of industrial space, some 72,000 square feet is available for other tenants looking to locate near the major I-25 and Northwest Parkway corridor.
McWHINNEY plans to break ground in Q4 2018 on a second Baseline industrial building consisting of 152,761 square feet to be located directly west of the existing building.
“With this development, we are continuing to be responsive to the needs of the market while also staying intently focused on delivering a high-quality project,” said Ashley Stiles, vice president of development for McWHINNEY. “Baseline is a unique new project that offers close proximity to Denver’s major transportation corridors and urban centers along other key community amenities, like housing, a medical campus and innovative schools.”
CBRE’s Jeremy Kroner, Jim Bolt and Frank Kelley, along with Peter Beugg of Stream Realty, served as the brokers on the transaction.
“McWHINNEY has been a pioneer in incorporating industrial development into these large, vibrant mixed-use projects like what you see at Centerra and what is coming to Baseline,” said Kroner, vice president of brokerage services at CBRE. “It’s a huge advantage for industrial users to be able to locate near retail amenities and housing while also getting a space equipped with the latest functional Class A features, from 24-foot clear heights to ESFR sprinklers.”
Rendering courtesy of McWHINNEY