Ryan Companies US, Inc., a national commercial real estate solutions provider, and PGIM Real Estate have formed a joint venture and announced the financial closing for Northwest Commerce Center.
Located in Broomfield, within the Verve Innovation Park and, adjacent to the Rocky Mountain Metropolitan Airport, the Class-A industrial project comprises two buildings totaling more than 343,000 square feet. Once completed, the project will offer users top-tier industrial space within a high barrier to entry submarket. This submarket has been experiencing single-digit vacancy rates due to limited land availability, alongside the influx of leading aerospace, life sciences, and advanced manufacturing companies.
“Located conveniently between Denver and Boulder, we are excited to be bringing premier industrial space to a land constrained area of the state,” said Kirk Monroe, Rocky Mountain region president, Ryan Companies. “This project will service the needs of cutting-edge companies from a variety of sectors that are continuing to set up shop in this fast-growing submarket.”
Northwest Commerce Center is located two miles from U.S. Route 36 and is 15 minutes away from the Northwest Parkway. Each building will be institutional-quality and will feature 32’ clear heights, LED lighting, an ESFR sprinkler system, and are designed to accommodate a wide range of tenants such as warehousing, advanced manufacturing, and other industrial uses. The project will also include 22 trailer parking spots and each building will be heavy powered with 4000-amp electrical service. Nearby companies include Medtronic, Ball Aerospace, and Covidien.
Northwest Commerce Center is being developed and built by Ryan. Ware Malcomb is the architect of record. Carmon Hicks, Patrick McGettigan, and Jason White of JLL have been selected to market and lease the project.
Construction is expected to begin in August, while the project is expected to be completed by Q2 2025.
Founded in 1938, Ryan Companies offers comprehensive commercial real estate services as a national developer, designer, builder, capital markets advisor and real estate manager with a focus on creating places for people to thrive. Ryan’s work spans a wide range of sectors and product types including healthcare, industrial, mission-critical, mixed-use, multifamily, office, retail, and senior living.
