Property investor breaks ground on nearly 1 million sq ft of industrial space in Colorado
Logistics park in the Denver metro area is under construction and will add 954,311 square feet
Phase One of construction is now underway for Brennan Investment Group, a private real estate investment firm that acquires, develops, and operates industrial facilities throughout the United States. Fully complete, the new development, Colorado Logistics Park, will consist of five buildings, totalling 954,311 square feet.
Phase One consists of three Class A industrial buildings totalling approximately 558,000 square feet. In the second phase of the project, Brennan will construct two additional buildings totalling 396,311 square feet.
It broke ground on approximately 61 acres last week at the intersection of East 112th Avenue & Havana Street in Commerce City, Colorado for a phased speculative development project.
Brennan and New York Life Real Estate Investors, on behalf of an institutional client, formed a joint venture to acquire, construct, and lease the project.
"Colorado Logistics Park will feature Class A distribution buildings for tenants in the Denver area that require close connectivity to their supply chain and access to workforce labor," said Brian Roach, Managing Principal at Brennan Investment Group. "The park's proximity to the Denver metro area will provide users with lower transportation costs and faster delivery times to customers."
Stream Realty Partners is the exclusive leasing agent for the project. Tyler Reed, Peter Beugg, Dominic DiOrio, and John Torp will lead the marketing for Stream.