DENVER, CO – October 20, 2016 – Trammell Crow Company (TCC) announces the development of a third build-to-suit at Crossroads Commerce Park (Crossroads). Inline Distributing Company (Inline) has entered into an agreement to purchase a new 69,550±-square-foot building located along 52nd Avenue just west of Washington Street in unincorporated Adams County. Construction will begin immediately, with an estimated delivery in mid-2017.
“Inline has been committed to serving the needs of contractors and service providers in Colorado, which has resulted in developing excellent relationships with our growing customer base. We are excited about our new larger facility that will accommodate our current and future needs,” said Scott Bader, President & CEO of InLine Distributing.
Inline Distributing Company has supplied the building industry with construction products for more than 30 years, and is now the largest single source provider of environmental remediation, restoration, abatement, fasteners, traffic control, mechanical insulation, safety and construction products in the Western United States. Headquartered in Southern California, and operating eleven distribution centers across the United States, Inline’s Colorado operations are relocating and expanding to their new, centrally-located facility at Crossroads. Inline has operated in the Denver marketplace since 2007.
“We have been very impressed by the sophistication and track record of the industrial users who are seeking small build to suits in the central market, and are very pleased that these proven national companies are selecting our site as the perfect location for their business operations and employees,“ said Ann Sperling, Senior Director with TCC’s Denver office. “Inline will be a complementary addition to our park and join the quality buyers that have committed to Crossroads, including Empire Staple Company and Sierra Pacific Industries.”
Crossroads continues to attract industrial building users to this central location, easily accessed by Interstates 25 and 70 across the Denver market. Activity has been very strong since groundbreaking last summer, and only four (4) additional build-to-suit opportunities are available at the Park, ranging from 17,000 square feet up to 60,000 square feet of new construction.
Additional space remains available for lease in the Park as well, with distribution/warehouse/showroom space ranging from 35,000-to-250,000 square feet in the large spec buildings at the southwest corner of 55th & Washington Street. In addition, Crossroads offers flexible options for front park or cross-dock, on-site trailer parking, and building and Park signage in a new, modern industrial park.
Murray & Stafford is the general contractor and Ware Malcomb is the architect for the building. Colorado Business Bank provided financing for the build to suit project. Nick Steitz of Jones Lang LaSalle represented Inline Distributing in the transaction. The Newmark Grubb Knight Frank team of Mike Wafer, Tim D’Angelo, and Mike Wafer Jr. represented TCC and handles the leasing and marketing for Crossroads.
About Trammell Crow Company
Trammell Crow Company (TCC), founded in 1948, is one of the nation’s leading developers and investors in commercial real estate. The Company has developed or acquired more than 2,600 buildings valued at more than $60 billion and over 565 million square feet. As of June 30, 2016, TCC had $7.1 billion of projects in process and $3.0 billion in its pipeline.
Trammell Crow Company’s teams are dedicated to building value for its clients with professionals in 16 major cities throughout the United States. The company serves users of and investors in office, industrial, retail, healthcare, multi-family residential, through its operating subsidiary High Street Residential and mixed use projects. For those who occupy real estate, TCC can execute the development or acquisition of facilities tailored to meet its clients’ needs. For investor clients, the company specializes in joint venture speculative development, acquisition/re-development ventures, build-to-suit development or providing incentive-based fee development services.
TCC is an independently operated subsidiary of CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, and the world’s largest commercial real estate services and investment firm (in terms of 2015 revenue). For more information visit www.TrammellCrow.com.