StarPoint Properties, a vertically integrated developer, owner, and manager of real estate across the Western U.S., is nearing completion of Point Central Business Park, a new 157,473-square-foot speculative industrial project on over 9.5 acres in Denver. Commencing construction last summer, the project is scheduled to deliver soon in the second quarter of 2024.
Located at 1051 E. 73 Ave in the Central Denver submarket, the new development is designed to meet the needs of the most sophisticated logistics businesses. Point Central comprises two Class A buildings totaling 74,618-square-foot and 82,855-square-foot.
Configured with flexibility in mind, this development offers the ability to accommodate occupier size ranges from ±13,000 square feet to 157,000+ square feet. Each building provides 2,358 square feet of high-end spec office space, 2,000A/480V electrical, and 32’ clear heights. The development also boasts 225 parking spaces, 27 dock-high truck doors (with the ability for an additional 23 doors), and 8 drive-in doors. The front-park / rear-load design sits near interstates 25, 76 and 270, providing excellent accessibility and proximity to customers across metro Denver and other nearby markets.
A top industrial brokerage team with Cushman & Wakefield in Denver comprising Drew McManus, SIOR, Bryan Fry and Ryan Searle are currently marketing Point Central Business Park for lease.
“Point Central is an exceptional new state-of-the-art industrial development that is ideally situated in Denver’s central industrial submarket and located near downtown. Focused on connectivity, the project’s infill location provides tenants with immediate access to all of Denver’s primary interstates within minutes and encompasses metro Denver’s largest labor pool,” said Executive Managing Director Drew McManus.
“The design of both buildings features great flexibility and divisibility to suit a wide range of tenant sizes and needs. Point Central Business Park is the next premier industrial project in Central Denver,” added Senior Director Ryan Searle.
Point Central is also located in Unincorporated Adams County with low sales tax rates benefiting occupiers of industrial space.
According to Cushman & Wakefield’s latest Q4-2023 industrial market report, Denver’s overall industrial vacancy remained flat in the final quarter of 2023 at 7.0%. “Meanwhile, leasing activity among small bay developments has outperformed the overall market,” noted McManus.
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