A three way partnership of VanTrust, CP Actual Property Capital and NAI Highland Business has began development on Falcon Commerce Middle, a two-building, 363,955-square-foot industrial complicated in Monument, Colo., a Denver submarket. That is VanTrust’s first growth within the state.
JLL Senior Managing Director Carmon Hicks and NAI Highland Business Principal Randy Churchill Dowis will deal with leasing efforts. Constructing B is ready to return on-line within the first quarter of subsequent yr, whereas Constructing A will ship the next quarter.
Positioned on the intersection of Squadron Drive and Previous Denver Highway, the campus is taking form some 17 miles from Colorado Springs, Colo., and fewer than 66 miles southeast from downtown Denver. The metro’s worldwide airport is inside 70 miles from the event.
READ ALSO: High 10 Rising Industrial Markets
The 249,633-square-foot, cross-dock Constructing A could have 32-foot clear heights, 130-foot truck courts, 32 dock-high loading doorways—expandable to 52—and 4 drive-in doorways. The ability can even characteristic 182 automobile parking spots.
Constructing B will span 114,322 sq. ft. The rear-load distribution middle could have 28-foot clear heights, 130-foot truck courts, in addition to 140 car parking areas, eight dock loading doorways—expandable to 24—and two drive-in doorways.
Denver’s industrial stock set to develop
Denver’s industrial sector had virtually 6.8 million sq. ft beneath development as of January, in accordance with the most recent CommercialEdge industrial report. The metro’s emptiness fee throughout the identical month clocked in at 10.5 %, above the 8.0 % nationwide common.
One of many initiatives set to return on-line within the following months is Ryan Cos.’ and PGIM Actual Property’s Northwest Commerce Middle. In July the three way partnership obtained development financing for the two-building growth that may span greater than 343,000 sq. ft.
