United Properties has broken ground on Phase 1 of the INOVA industrial campus, a best-in-class industrial development in Centennial. The groundbreaking marks a significant milestone in the development of this 43-acre industrial campus, which will eventually feature up to five industrial buildings.
Cushman & Wakefield’s National Industrial Advisory Group (IAG)—including Will Strong, Michael Matchett, Molly Hunt, Jack Stamets and Madeline Warren—recently represented United Properties in securing over $20 million in equity investment for the project.
A Denver-based Cushman & Wakefield team of Tyler Smith, Alec Rhodes and Aaron Valdez will represent the venture in leasing the project upon completion. Murray and Stafford, Inc. is serving as the general contractor.
“We’re thrilled to see the first phase of INOVA breaking ground in the dynamic Southeast submarket, where market activity is thriving. With strong fundamentals driving demand, we’re eager to quickly lease our first two buildings,” said Smith. “Phase 2 will offer exciting opportunities with three adjacent sites ready for build-to-suit projects ranging from 30,000 to 200,000 square feet, available for sale or lease.”
Phase 1 of the INOVA development will include two industrial buildings:
- Building 1: 141,480 square feet
- Building 2: 113,770 square feet
In total, Phase 1 will deliver 255,250 square feet of space, with the ability to accommodate build-to-suit projects up to approximately 200,000 square feet. Completion is tentatively scheduled for Q2 2026.
“Breaking ground on the first phase of INOVA comes at an opportune time, as demand for industrial space in the Southeast submarket remains strong,” said Connor McCarthy, Senior Vice President of Commercial Development, United Properties. “With its prime location and convenient access to I-25, this site is exceptionally positioned to meet market needs and support long-term success.”
Located in the highly sought-after Southeast submarket, the INOVA development offers excellent access to Interstate 25, a main artery for logistics and distribution across the Denver metro area. The site is adjacent to Centennial Airport and near Arapahoe Road, providing multiple access points. The campus is ideally suited f orhigh-tech manufacturing, aerospace, warehousing, logistics and general office use.
