Absorption remains strong in Denver metro area. Phase One underway for three class A industrial buildings.
Brennan Investment Group, a private real estate investment firm that acquires, develops, and operates industrial facilities throughout the United States, broke ground on approximately 61 acres last week at the intersection of East 112th Avenue & Havana Street in Commerce City, Colorado for a phased speculative development project. Fully complete, the new development, Colorado Logistics Park, will consist of 5 buildings, totaling 954,311 square feet. Brennan and New York Life Real Estate Investors, on behalf of an institutional client, formed a joint venture to acquire, construct, and lease the project.
“Colorado Logistics Park will feature Class A distribution buildings for tenants in the Denver area that require close connectivity to their supply chain and access to workforce labor,” said Brian Roach, Managing Principal at Brennan Investment Group. “The park’s proximity to the Denver metro area will provide users with lower transportation costs and faster delivery times to customers.”
Phase One consists of three Class A industrial buildings totaling approximately 558,000 square feet. The buildings’ modern designs feature first class amenities that exceed market standards including up to 36’ clear heights, abundant automobile parking and loading positions, and ample yard areas for outdoor storage. In the second phase of the project, Brennan will construct two additional buildings totaling 396,311 square feet.
Stream Realty Partners is the exclusive leasing agent for the project. Tyler Reed, Peter Beugg, Dominic DiOrio, and John Torp will lead the marketing for Stream.
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