US-based commercial real estate developer Trammell Crow Company (TCC) and Clarion Partners have acquired an 89.6-acre land parcel to construct an industrial park in metro Denver, US.
The 1.17 million ft2 industrial park, dubbed 104th Commerce Park, is located at 104th Avenue to the east of the intersection of State Highway 85 and Interstate 76.
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The vacant parcel of land offers prime interstate access, highway visibility, and flexibility for industrial customers. The site is situated in the “first ring” outside of the central Denver.
The zoning of the property allows a wide range of industrial and e-commerce uses, including outside yard capability and substantial trailer storage.
The Class A industrial park will feature five industrial and distribution buildings, which will be built in two phases. There will be places available for small-to-large scale tenants and provides access to the highway.
Trammell Crow Company Denver business unit senior managing director Bill Mosher said: “This site provides a new opportunity for industrial infill development, with an accessible location to reduce drive-times for transportation routes in every direction, and at significantly competitive pricing to the Central Submarket.”
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By GlobalDataThe marketing of the site will be handled by the CBRE industrial team of Tyler Carner, Jeremy Ballenger, Jessica Ostermick and Daniel Close on Trammell Crow Company’s behalf.
Murray & Stafford will serve as general contractor for the project, while Ware Malcomb and Langan Engineering will be the architect.
TCC senior director Ann Sperling said: “Our goal is to establish a true Class A industrial park for companies looking to locate or expand in the Denver market.
“The offering of distribution and warehouse space with multiple clear heights, and a mixture of cross-dock and front park/rear load product in a large cohesive, park-like setting, offers a first-class opportunity for users seeking quality and value.
“We can accommodate tenants ranging from 20,000 square feet, up to 290,000 square feet, as well as build-to-suit for lease options.”
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TCC, Clarion Partners buy land to build industrial park in Denver, US. (Credit: Trammell Crow Company)
