Trammell Crow Acquires 89.6-Acre Site for Class A Industrial Park
Trammell Crow Company (TCC), one of the largest commercial real estate developers in the United States, along with capital partner Clarion Partners, LLC, has closed on the land that will be used to build 104th Commerce Park, a 1.17-million-square-foot industrial park located at 104th Avenue, just east of the intersection of State Highway 85 and Interstate 76. The 89.6-acre vacant site features prime interstate access, highway visibility, and flexibility for industrial users expanding in metro Denver.
The property’s zoning allows for a wide range of industrial and e-commerce uses, including outside yard capability and substantial trailer storage. Situated in the “first ring“ outside of the central Denver core, in the fast-growing inner I-76 corridor northeast of Denver, 104th Commerce Park will be comprised of five industrial and distribution buildings built in two phases, with space available for small-to-large scale tenants. The site boasts excellent highway access and visibility.
“This site provides a new opportunity for industrial infill development, with an accessible location to reduce drive-times for transportation routes in every direction, and at significantly competitive pricing to the Central Submarket,” said Bill Mosher, senior managing director of Trammell Crow Company’s Denver Business Unit.
TCC’s Senior Director Ann Sperling added, “Our goal is to establish a true Class A industrial park for companies looking to locate or expand in the Denver market. The offering of distribution and warehouse space with multiple clear heights, and a mixture of cross dock and front park/rear load product in a large cohesive, park-like setting, offers a first-class opportunity for users seeking quality and value. We can accommodate tenants ranging from 20,000 square feet, up to 290,000 square feet, as well as build-to-suit for lease options.”
The CBRE industrial team of Tyler Carner, Jeremy Ballenger, Jessica Ostermick and Daniel Close will handle the marketing of the site on Trammell Crow Company’s behalf. Murray & Stafford is the general contractor for the project, teaming with architect Ware Malcomb and Langan Engineering.
With this acquisition, Trammell Crow Company continues to invest in Colorado’s Front Range, having developed for 60+ years in industrial, office, residential, healthcare and public-private projects, including nearly $3 billion in projects over the past 10 years.
Photo courtesy of Trammwell Crow