One of the largest industrial business parks near Denver International Airport will soon accommodate over 500,000 additional square feet of warehouse / distribution space. Becknell Industrial will begin construction on two new buildings in the park this month, which are being marketed for sale or lease by Jim Bolt and Mike Camp of CBRE.
The larger of the two buildings will measure 329,940 square feet and will be located at the intersection of 84th Avenue and Quintero Road, approximately eight miles west of Denver International Airport. The second building will be adjacent to the first and will cover 170,500 square feet. Both buildings will have Class A finishes, including ESFR sprinklers, LED lighting, dock and garage access doors, 130-foot truck lots and dedicated trailer parking. Clear heights range from 32 to 36 feet. Offices can be set up to suit either building.
Nexus at DIA is a newly developed industrial park designed for institutional grade warehouses / distribution, offices and flexible buildings. Nexus is already home to several global Fortune 500 companies: McLane Foods operates a 250,000 square foot cold storage and distribution facility within Nexus, and Haier completed a 540,000 square foot distribution facility in the park in 2019. In addition, Lowes is building a 1 million square foot facility in the park, and a confidential tenant is under construction on a 281,000 square foot facility midway on the site.
“Becknell recognized early on the potential opportunity that the Nexus Park presented to the Denver industrial market, and the impressive list of tenants who have already committed to the park is testament to its compelling offer,” said Jim Bolt, vice president of CBRE Industrial & Convenient Logistics in Denver.
The property is located in Commerce City, close to two major sorting centers for UPS and FedEx. The site offers convenient access to I-70 and I-225 and is within a two-minute drive of Peña Boulevard and E-470, both with expansion plans underway. , further improving Nexus access to DIA.
The site is PUD zoned, allowing for a variety of uses including warehousing, manufacturing, assembly, manufacturing, e-commerce, laboratories, food production, airport uses with trailer parking and the possibility of outdoor storage.
Becknell Industrial specializes in the development, acquisition, management and long-term ownership of industrial properties nationwide. The company owns an interest in over 30 million square feet of industrial properties valued at over $ 2.0 billion.
“Access to a planned industrial park has enabled Becknell to be recognized and build facilities for well-known names such as Haier, TJX Companies and Lowes. We look forward to expanding our presence in Nexus with the addition of these two buildings to continue to attract new customers, ”said Derek Hawkins, senior vice president of leasing and development at Becknell Industrial.
2021 is off to a good start in the Denver industrial metro market, according to a CBRE study. The industrial sector recorded its 44th consecutive quarter of positive net absorption in the first quarter of the year. At 976,000 square feet, absorption was more than double the volume in the first quarter of 2020.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE: CBRE), a Dallas-based Fortune 500 and S&P 500 company, is the world’s largest commercial real estate investment and services firm (based on 2020 revenue). The company has more than 100,000 employees serving customers in more than 100 countries. CBRE serves a wide range of clients with an integrated suite of services including facilities, transaction and project management; property management; investment management; evaluation and evaluation; Property rental; strategic advice; real estate sales; mortgage and development services. Please visit our website at www.cbre.com.