The First Phase of 104th Commerce Park Delivered 571,000 SF of Move-In Ready Space
Trammell Crow Company (TCC), a global developer and investor in commercial real estate, and JV partner Clarion Partners, LLC completed construction on the first phase of development at 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 in Commerce City, Colorado. Phase 1 includes two move-in ready industrial facilities; the full project plan calls for five Class A buildings situated on the 89.6-acre site, which features prime interstate access, highway visibility and flexibility for industrial users expanding in Metro Denver.
The first phase of 104th Commerce Park is comprised of two industrial buildings spanning 272,700 square feet and 298,300 square feet, respectively. Move-in ready space is currently available for lease ranging from 20,000 to 298,300 square feet. Features include 32’ to 36’ clear heights, multiple truck docks, and convenient on-site parking for vehicles, trailers, and outside storage.
“104th Commerce Park provides a unique opportunity for tenants in the market that have an immediate need for high-end industrial space. The first phase of the development offers flexible configurations and a range of square footage, including up to 3,200 square feet of finished office space, that is ready for occupancy,” said Erik Hagevik, Principal with TCC and head of the firm’s Denver office. “The northeast I-76 corridor has continued to see strong demand for industrial space. 104th Commerce Park affords the opportunity for a user to be up and running quickly in this market, and with the planned second phase, also offers the ability for future expansion within the park.”
The second phase of development at the park is expected to begin as soon as Fall 2023. The plans include three industrial facilities spanning 262,600 square feet, 193,400 square feet and 132,400 square feet, respectively, as well as yard area available for lease. The park’s zoning allows for a wide range of industrial and e-commerce uses, including outside yard capability and substantial trailer storage.
104th Commerce Park fronts I-76 to the northwest, with nearly 40,000 vehicles per day passing by, and 104th Avenue to the south, a Colorado state highway. Park tenants will enjoy excellent signage, visibility, and highway access in a well-planned, industrial park-like setting in the growing submarket of northeast Denver.
The CBRE industrial team of Tyler Carner, Jeremy Ballenger and Daniel Close are handling the marketing and leasing for the project. Murray & Stafford is the general contractor, teaming with architect Ware Malcomb and Langan Engineering.
About Trammell Crow Company
Trammell Crow Company (TCC) is a global commercial real estate developer and wholly-owned subsidiary of CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas. Founded in 1948, TCC has developed or acquired nearly 2,900 buildings valued at $75 billion and over 655 million square feet. As of December 31, 2022, TCC had $16.9 billion of projects in process and $12.9 billion in its pipeline. It employs 700 professionals in 27 major cities throughout the United States and Europe. The company serves users of and investors in office, industrial/logistics, healthcare, life sciences and mixed-use projects, as well as multi-family residential through its operating subsidiary High Street Residential. For more information visit www.TrammellCrow.com.
About Clarion Partners
Clarion Partners has been a leading real estate investment manager for 40 years. Headquartered in New York, the firm maintains strategically located offices across the United States and Europe. With $82.4 billion in total real estate and debt assets under management, Clarion Partners offers a broad range of real estate strategies across the risk/return spectrum to 500 institutional investors across the globe. Clarion is scaled in all major property types and was an early entrant into the Industrial sector. The Firm’s global industrial team manages a 990+ property portfolio in the U.S. and Europe consisting of more than 227 million square feet. Visit www.clarionpartners.com for more information.
