Newly-Formed Real Estate Developer Acquires 31 Acres in Arvada

A rendering of Candelas Innovation Park. Credit: CBRE

OCC Industrial (OCC), a real estate developer and investor specializing in industrial projects throughout the Mountain West region, has acquired 31.64 acres in Arvada. Situated along Highway 93 and Highway 72 in Candelas, the project will be called Candelas Innovation Park. 

Candelas Innovation Park will consist of four state-of-the-art industrial buildings representing 350,000 square feet. Candelas Innovation Park will be marketed to West and Northwest Denver industrial users looking to enjoy panoramic mountain views and world-class outdoor activities out their doorstep, near a strong educated workforce, substantial residential growth, great local eateries, and an abundance of community amenities.

Candelas Innovation Park is a joint venture between OCC and Wichita-based Garvey Ventures. The architect for the project is Ware Malcomb and the general contractor is Golden Triangle Construction.

The four buildings will range from 60,000 square feet to 105,000 square feet and feature attractive storefront entries, native landscaping, clear story glass wrapping around the buildings, dock high loading, 190’ shared truck load court, 28’ clear height, ESFR sprinkler system, EV charging stations, 2/1,000 parking counts and outdoor amenity areas. The development will be completed in two phases.

“This land acquisition is a rare opportunity to develop an innovation park in the land-constrained West and Northwest industrial submarket in Denver. Situated along the front range, Candelas Innovation Park will attract high-end users from Boulder, Denver, and Golden,” noted James Carolan, chief financial officer at OCC. Site work will commence in December 2023 with delivery of the buildings in the fourth quarter of 2024.

OCC acquired the property from Cimarron Commercial. The seller was represented by Jeremy Kroner, from the CBRE Denver office. Mr. Kroner and Jim Bolt will be the exclusive leasing agent for the project. Kroner offered, “This project is the perfect combination of great sponsorship, a strategic location, and timely delivery. Industrial tenants seek out new facilities as they look to modernize or expand their operations. With little other industrial development underway in west and northwest Denver, Candelas Innovation Park will meet an important need in the market and position companies conveniently close to their employees and customers.”

OCC Industrial (OCC) specializes in real estate development, acquisition, asset management, property management, construction management, and financial reporting of industrial projects throughout the Mountain West region. This is OCC’s first project to break ground and the three founders’ Megan O’Brien, James Carolan, and Will Channell are thrilled for it to be in their home state of Colorado.

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