The Home Depot Signs On as Lead Tenant of New I-25 Industrial Innovation Hub
The Home Depot will be the lead tenant at Access 25 Logistics Park, a 300-acre rail-served park, currently under construction located near the intersection of I-25 and CR 34, in Weld County. The home improvement giant will occupy a 386,000-square-foot, rail-served bulk distribution center. Broe Real Estate (BREG) is the developer.
“Access 25 Logistics Park provides development capacity for three million square feet of light industrial warehousing to serve the unprecedented market demand,” said BREG Executive Vice President Reagan Shanley. “Home Depot’s new distribution center is the ideal project to demonstrate the logistic advantages that Access 25 provides and the efficiency of dual rail-served industrial space.”
Access 25 Logistics Park takes its name from its optimized access to the iconic interstate that connects Colorado’s dynamic urban corridor, Interstate 25. The park features dual access rail service by The Broe Group’s rail affiliate, OmniTRAX, making it the closest and only dual rail-served park in the Denver Metro area. Access 25 also provides its tenants with the unique benefit of outdoor storage capacity.
“Home Depot is the second Fortune 50 company in the past two years to choose the geographic benefits of Weld County,” said Weld County Commissioner Steve Moreno. “It joins the successful FedEx regional distribution terminal as a shining example of manufacturing and logistics companies that recognize our tremendous access to Rocky Mountain markets. Access 25 Logistics Park actually strengthens that market accessibility by providing the only dual-served rail park in Colorado’s growth corridor.”
CBRE’s Daniel Close, Mike Eyer and Tyler Carner will market the site for lease, build-to-suit, and spec construction. Demand for industrial space is near record levels in metro Denver, according to CBRE research. Nearly 2.3 million square feet of positive net absorption was recorded in the third quarter of 2021 – almost triple the amount recorded in the third quarter last year. Year-to-date net absorption stands at nearly 4.5 million sq. ft., a 66.9 percent increase year-over-year.