Trammell Crow Company and Clarion Partners Start Construction on 1.17-MSF Class A Industrial Park in Metro Denver
September 14, 2021
Site preparation and initial construction began on Phase 1, which includes two industrial buildings spanning 272,600 square feet and 298,300 square feet each. Space for lease is available from 20,000 to 298,300 square feet. Delivery of Phase 1 is planned for Q2 2022. Phase 2 will follow the completion of Phase 1, with the final three industrial and distribution buildings spanning 262,600 square feet, 193,000 square feet and 132,000 square feet each, 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.
The site fronts I-76 to the northwest, with nearly 40,000 vehicles per day passing by, and 104th Avenue, 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.
“104th Commerce Park provides a unique option for companies looking to locate or expand in the Denver market. Space for lease is available from 20,000 square feet, with 28’ to 36’ clearance, multiple truck docks, and convenient on-site parking for vehicles, trailers, and outside storage fills a need for industrial tenants in the market,” said Ann Sperling, Senior Director of Trammell Crow Company’s Denver Business Unit. “The park offers flexible opportunities for tenants at very competitive lease rates for metro Denver.”
TCC’s Bill Mosher, Senior Managing Director, added, “Our goal is to establish a true Class A park for infill development, and we feel the northeast I-76 corridor is where we have seen strong growth for Denver’s industrial market. The access 104th Commerce Park provides will reduce drive-times for transportation networks and is only 6.5 minutes from the North Central submarket.”
The CBRE industrial team of Tyler Carner, Jeremy Ballenger, Jessica Ostermick and Daniel Close are marketing the site on Trammell Crow Company’s behalf. Murray & Stafford is the general contractor, 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 in the last decade.
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 September 30, 2023, TCC had $15.4 billion of projects in process and $14.5 billion in its pipeline. It employs 650 professionals in 28 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.