Page 10 —
COLORADO REAL ESTATE JOURNAL
— April 6-April 19, 2016
Industrial
by Jill Jamieson-Nichols
United Properties has signed
two large tenants for a new build-
ing at Enterprises Business Center
at Stapleton.
Dealer Tire will occupy 80,781
square feet in the building at 10000
E. 40thAve. in Denver, while Pen-
tal Granite &Marble leased 80,674
sf. Dealer Tirewill expand from its
existing location in Denver, while
Pental Granite is new to the Den-
ver market.
Mike Wafer and Tim D’Angelo
of Newmark Grubb Knight Frank
represented United Properties
in the transactions. Ron Webert
and Brian Cox of Lee & Associ-
ates represented Dealer Tire, and
Drew Hill and Paul Kahn of NAI
Shames Makovsky represented
Pental Granite &Marble.
The tenants will occupy space
in a 467,000-sf building at Enter-
prise Business Center, which has
107,000 sf available.
Webert said Dealer Tire’s lease
will give the company nearly
double the roomit currentlyhas in
Denver. “We did a pretty exhaus-
tive search of the market. We had
limited options because of the size
and because of the nature of the
requirement,” he said, adding the
tenant is fortunate to have secured
a spot in what is “probably the
best industrial park in the city.”
United Properties, which has
had success preleasing buildings
within the business center, cur-
rently is under construction on
its third phase, which will bring
development to date to 1.2 mil-
lion sf. The third phase includes
a 650,000-sf, 32-foot-clear distri-
bution building where Beverage
Distributors will occupy 504,000
sf anda 160,000-sf front-park, rear-
load building, a third of which is
under negotiation with a single
tenant, according to Kevin Kel-
ley, United Properties senior vice
president and regional director for
Colorado.
s
by Jill Jamieson-Nichols
An office/flex park on the
C-470 corridor in Littleton
recently landed an anchor ten-
ant and is rolling out additional
speculative buildings.
A leading provider of three-
dimensional printing solu-
tions, 3D Systems Inc. leased a
70,000-square-foot building at
the new 3D Systems Technol-
ogy Center at Mountain West.
The company provides 3-D
printing design-to-manufac-
turing solutions, including 3-D
printers, print materials and
cloud-sourced on-demand cus-
tom parts.
Three-D Systems Technology
Center at Mountain West is a
25-acre master-planned park
on C-470 between West Bowles
and Belleview avenues. A
33,500-sf spec building recently
was completed in the park, and
site work for a third building
totaling 50,000 sf is underway.
The development eventually
will contain 300,000 to 325,000
sf of Class A single-story build-
ings of various sizes and is the
only project of its kind being
developed in the west/south-
west metro area.
Visible to 64,000 vehicles per
day on C-470, the business cen-
ter will consist of showroom
and office/industrial buildings
with overhead, grade-level ser-
vice doors and/or dock-high
doors, four-sided architecture
and fiber-optic service options.
With flexible design and build-
to-suit options, it can accommo-
date the needs of a wide variety
of tenants.
The recently completed
33,500-sf flex building, located
at 5365 S. Alkire St., is ready
for tenant improvements. It fea-
tures two grade-level overhead
service doors, 14-foot ceiling
clearance and glass on all four
sides.
Allan Ojala, general partner
for the business center, is being
assisted in the development by
a team that includes Fred Baker
and Bob Smith of Ojala & Co.,
Peter Beugg and Tyler Reed of
Jones Lang LaSalle, David For-
man of DCF Architecture and
DCB Construction Company
Inc., the general contractor.
Beugg said Class A construc-
tion, C-470 visibility and access,
and flexibility make 3D Systems
Technology Center at Mountain
West a desirable option for ten-
ants in the west/southwest sub-
markets, where vacancies are
at historic lows of 1.9 and 1.7
percent, respectively.
Other News
n
MD Pocket,
a fast-growing
medical publishing and manu-
facturing company that spe-
cializes in pocket medical ref-
erences, calipers (measuring
instruments) and clipboards
for health care professionals,
purchased a 12,724-square-
foot industrial building at 7160
Irving St. in Westminster.
“MD Pocket had outgrown
their current leased facility and
they were looking to purchase
a larger building that would
allow for continued growth.
(The building at) 7160 Irving
St. fell out of contract, and we
were able to jump on it quick-
ly,” said
Ron Webert
of
Lee &
Associates,
who represented
the buyer in the transaction.
Webert said given a lack of
available options to purchase
industrial buildings in the
Denver area, “When a build-
ing comes to market, or in
our case comes back to mar-
ket, you have to move quickly.
This asset was well located
and had many features that
our client was looking for.”
Jeremy Kroner
of
CBRE Inc.
represented the seller,
McBride
Brothers Investments.
n
Miner Ltd.,
doing busi-
ness as The Miner Corp.,
leased 8,350 sf of flex space at
12351 N. Grant St., Suite 300,
in Thornton.
A subsidiary of Material
Handling Services LLC, the
company is expanding its
national reach into Colorado.
Corey Murray
of
SVN/Den-
ver Commercial
represented
the tenant in the transaction.
Brit Banks
of
Dean Callan &
Co.
represented the landlord,
Washington Tech LLC.
n
Chase Partners LLC
sold
5,872 sf of industrial space on
9.74 acres of land at 11955 and
11965 Tower Road in Com-
merce City to
Integrity Iron
LLC.
Joe Krahn
of
Cushman &
Wakefield
represented the
seller in the $907,000 transac-
tion.
Carmon Hicks
of
JLL
rep-
resented the buyer.
n
Wild Diversified LLC
bought an 8,300-sf industrial
property at 2700 S. Shoshone
St. in Englewood for $812,000.
Aaron Valdez, Tyler Smith
and
Alec Rhodes
of
Cushman
& Wakefield
represented the
seller,
R&D Weeter Enterpris-
es LLC. Tim Shay
of
Colliers
International
represented the
buyer.
s
by Jill Jamieson-Nichols
Industrial users looking for
Class A space in the central Den-
ver market soon will have an
option at Interstates 25 and 76.
Westfield Co. will deliver
421,500 square feet of speculative
space at Hub 25, a redevelop-
ment of the long-vacant Maple-
ton High School property at 601
E. 64th Ave.
The 23.76-acre project will
consist of four buildings rang-
ing from 43,500 to 145,000 sf. It
will be capable of accommodat-
ing tenants as small as 20,000 sf.
Lease rates will average around
$8 to $8.25 per
sf triple net,
d e p e n d i n g
on the size
of the ten-
ant, accord-
ing to West-
field
part-
ner
Randy
Schwartz.
“ T h e
M a p l e t o n
High School site has sat vacant
and unavailable for 20 years and
to now have the opportunity to
redevelop it into Hub 25, a proj-
ect that will provide high-qual-
ity space for local businesses, is
very exciting for our company,”
Schwartz said.
Mapleton Public Schools sold
the site to Westfield late last year
by Jill Jamieson-Nichols
Class A industrial/flex space
for users from 6,000 to 30,000
square feet is being developed in
north-central Denver.
Center Land Co. is building
two 30,000-sf buildings at Welby
Business Park, located at 2300
E. 77th Ave. It expects to break
ground on two more buildings
this summer, bringing the indus-
trial park to 120,000 sf.
“This is very central to the
highway system,” said Melissa
LaRusso of Center Land Co.,
adding that access will be key to
attracting companies to the park.
The concrete tilt-up buildings
will feature high-image, efficient
construction with 24-foot-clear
ceiling height, dock-high and
drive-in loading, LED lighting
and a central truck court.
“It’s all top-of-the line,” said
LaRusso. The first phase will
be delivered in May – none too
soon, according to Barry Gore,
president and CEO of Adams
Hub 25 will bring new industrial space to the former Mapleton High School site.
Welby Business Park will offer Class A industrial/flex space for tenants
from 6,000 to 30,000 square feet.
Randy Schwartz
by Jill Jamieson-Nichols
A high-visibility flex/indus-
trial property on West Sixth
Avenue in Lakewood changed
ownership in a $7.5 million
transaction.
San Diego-based Pathfinder
Partners sold Garrison Busi-
ness Park, a 49,000-square-
foot property at 9195-9197 W.
SixthAve., to CAMLakewood
LLC. The buyer is a Califor-
nia investment group coming
out of a 1031 exchange.
The two-building property
features functional office, labo-
ratory and warehouse spaces
with nine roll-up loading doors,
