Colorado Real Estate Journal - December 3, 2014
A major industrial supplier preleased 261,000 square feet of space in a speculative building Prologis is developing at Stapleton Business Center North. HD Supply Facilities Maintenance Ltd. signed a long-term lease for space in the building at 1000 E. 56th Ave. in Denver, bringing the 1.2 million-sf business park to nearly full occupancy. The 392,425-sf building is scheduled for completion early next year. The move represents a big expansion locally for HD Supply, which will relocate from 136,400 sf at Mile High Business Center. Also, “It’s an indication of continued strength of the (industrial) market,” said Jim Bolt of CBRE, who represented Prologis with CBRE’s Mike Camp and Bill Thompson, along with Wayne Barrett of Prologis. CBRE’s Doug Viseur represented HD Supply, one of North America’s largest industrial distribution companies. The state-of-the-art cross-dock distribution building features 32-foot ceiling clearance, 24 dockhigh doors, 185-foot truck courts and 20 trailer parking spaces. It is targeted for LEED certification. HD Supply’s lease is the secondlargest prelease transaction at Stapleton Business Center North in a little less than a year. Czarnowski Display Service leased 258,000 sf there in late 2013. “We are pleased to extend our relationship with HD Supply to seven U.S. markets,” said Scott Lamson, Prologis Northwest Region president. “Our market occupancy in Denver is at a 15-year high of 95 percent, and we are developing logistics facilities to meet demand for Class A product while monetizing our land bank.” Denver-based Prologis owns and operates more than 5.5 million sf of industrial space in 31 buildings in the Denver area.