BrokerageIndustrial

NKF Leases Quarter-Million-SF in 8 Months at 76 Commerce Center

Facebooktwitterredditlinkedinmail

Newmark Knight Frank (NKF), Hyde Development and M.A. Mortenson Company recently announced the leasing of 232,615
square feet at building 5, the first completed building at 76 Commerce Center, part of a 1.8 million-square-foot, Class A industrial park in Brighton. The development is a joint venture between Hyde Development and Mortenson.

Building 5, a 266,240-square-foot bulk warehouse building designed by Ware Malcomb, delivered December 2018 and is already 88 percent leased.

Walmart recently signed a lease for 91,997 square feet at the front of the high-image modern building. Global wastewater and water industry supplier Sigma Corporation also just leased 58,845 square feet. Great Plains Moving & Storage, a 122-year-old Denver logistics company signed a long-term lease, taking 81,773 square feet at the Class A, cross-dock distribution center earlier this year, leaving only 33,625 of rentable square feet available at Building 5.

NKF’s Tim D’Angelo, SIOR, Mike Wafer, SIOR, and Mike Wafer Jr., are the exclusive marketing and leasing representatives of 76 Commerce Center and represented Hyde and Mortenson in the lease transactions. Sigma Corporation was represented by Tyler Smith, Alec Rhodes and Aaron Valdez with Cushman & Wakefield. Paul Kluck and Murray Platt with CBRE represented Great Plains Moving & Storage.

“Clearly tenants are eager to take advantage of 76 Commerce Center’s location, economic opportunities, proximity to a vast labor pool and superior access to the front range via Interstate-76,” commented NKF Senior Managing Director Tim D’Angelo. “The I-76 corridor has become a viable alternative to the heavily congested I-70 corridor that will only worsen over years with ongoing widening construction projects.”

“We are thrilled to welcome tenants Walmart, Sigma and Great Plains to the 76 Commerce Center. These high-profile companies recognize the value of 76 Commerce Center’s location” stated Paul Hyde, president of Hyde Development.

The 76 Commerce Center development is a first class, ultra-modern industrial business center with immediate access to Interstate 76 and includes a variety of building types from bulk warehouse to office/warehouse and light manufacturing, with flexible building size options and state-of-the-art building features. It will showcase features including clear heights of 32’ – 36’, 60 mil TPO “cool roofs,” ESFR sprinklers, and significant auto and trailer parking, combined with direct access to I-76 and a mile of frontage. Located in an enterprise zone, 76 Commerce Center also offers quick permitting with PUD zoning in place.

“Opportunities at 76 Commerce Center are numerous,” mentioned NKF Executive Managing Director Mike Wafer. “Building 5 still has space available and Building 4 is breaking ground in late August. We are actively leasing spaces, as well as pursuing sales and build-to-suit prospects on the remaining sites.”

Building 4, also designed by Ware Malcomb and built by Mortenson, will measure 352,240 square feet, divisible to 50,000 square feet and featuring 36’ clear height and 93 dock doors measuring 9’ x 10’ and 4 drive in doors measuring 12’ x 14’.

Rendering courtesy of NKF

Previous post

Aurora Apartments Acquistition Marks Second-Highest Multifamily Sale of 2019

Next post

SMPS Colorado Snags Striving for Excellence Award

No Comment

Leave a reply

Your email address will not be published. Required fields are marked *