Colorado Real Estate Journal - October 21, 2015
A Denver high-tech manufacturing company leased 123,896 square feet of industrial space and 11 acres of land in Arvada, bringing with it 200 to 250 jobs. Prescient Co. Inc., which occupies about 80,000 sf in three locations, will consolidate and expand at 14401 W. 65th Way. GE PrimeStar Solar vacated the space last year. “Prescient is a rapidly growing manufacturing company that will bring a significant amount of new jobs to Arvada,” said Drew McManus of Cushman & Wakefield. “Arvada was very business-friendly and worked closely with our client to assist in realizing the transaction,” he said. Prescient provides lean manufacturing systems and software to the building industry. Given the low vacancies in the industrial market, McManus said finding high-quality space for the company wasn’t easy. “In our historically tight industrial market, it was a challenge identifying existing high-quality manufacturing facilities that could accommodate their needs. That said, the Arvada property was an ideal fit, and by working creatively with the city of Arvada and the landlord, we were able to position the property to accommodate our client’s rapid growth.” Sorin Group USA Inc. owns the property, whose allowable uses include outside storage, said Mike Wafer of Newmark Grubb Knight Frank. Wafer represented the landlord in the transaction. McManus and Mike Viehmann of Cushman & Wakefield represented the tenant.