NorthPoint Development Closes on 185 Acres of Land in Aurora
NorthPoint Development has closed on 185 acres of land that will be the site of Stafford Logistics Center, a 350 acre, ±4.4-million-square-foot industrial and mixed-use development located at the confluence of I-70, E-470, E. Colfax Avenue and Picadilly Road in Aurora.
NorthPoint has already started construction on a 598,500-square-foot warehouse that is slated to deliver in Q2 2020. Future road improvement projects include the realignment of 6th Ave and a new interchange at I-70 and Picadilly Road, that will benefit the area and spur additional growth.
The Cushman & Wakefield Denver Industrial team of Aaron Valdez, Tyler Smith and Alec Rhodes represented the sellers in the transaction and have also been retained on an exclusive basis to handle the leasing efforts of the Stafford Logistics Center for NorthPoint Development.
“When we were scouting large development opportunities in close proximity to I-70, we came across this site. We were impressed with its large size and given the location, we wanted to get ahead of the anticipated interchange at I-70 and Picadilly Road that is proposed to greatly improve the flow of transportation and access to the entire area,” said Valdez.
Building 1 at the Stafford Logistics Center will feature 136 trailer spaces, ±134 dock-high doors, 4 drive-in doors/ramps, a clear height of 36’ and ESFR sprinklers. These features coupled with the proximity to Denver International Airport and burgeoning surrounding neighborhood makes the Stafford Logistics Center the ideal location for a wide range of industrial users.
“The location of this property coupled with the projected growth in Denver, Stafford Logistics Center provided the perfect opportunity for NorthPoint Development to enter into the Denver market. We are excited to partner with the Cushman & Wakefield team of Aaron Valdez, Tyler Smith and Alec Rhodes on this project,” said Johan Henrikson.