Rocky Mountain Commerce Park in Eagle County to Break Ground this Spring
Fortius Capital, a real estate private equity, services and development company, recently secured funding for the development of a 28-acre light industrial subdivision and commerce park directly across from the Eagle County Regional Airport in Gypsum, Colorado. Rocky Mountain Commerce Park (“RMCP”) is subdivided into 13 lots ranging from one to twelve acres, and serves as an ideal site for large-scale warehousing, regional fulfillment and trade for local or national businesses.
“RMCP represents almost 5 percent of developable commercial land in all of Eagle County. Upon completion of the sales process, RMCP will make up 9.32 percent of the value of Gypsum’s light industrial land,” said Patrick Scanlan, director of development.
Fortius Capital’s Investment Services team is marketing 13 light industrial lots at RMCP with nine currently under contract. Fortius will install basic infrastructure and deliver lots in shovel-ready condition for a variety of uses. Ownership will consider multiple scenarios for each parcel based on the needs of individual buyers and tenants. Options include selling parcels outright, custom tailoring a site or building-to-suit.
“For large land users, this will be one of the last opportunities to secure a two+ acre site along the I-70 corridor in Eagle County,” said Mike Pearson, president and CEO. “Although our focus remains on residential housing development, we will consider other commercial subdivisions in the future based on the needs of growing mountain communities,” he went on to say.
With 1,742 residential units planned for future construction across the area, RMCP is surrounded by a local housing boom.
Steven Sendor, VP of Acquisitions says, “There is a strong correlation between an increase in up-valley residential real estate valuations and down-valley buying pressure. As up-valley communities become less affordable, down-valley communities continue to grow rapidly. Commercial real estate secondarily benefits from this growth, and we are just beginning to see this take place.”
Image courtesy of Fortius Capital