Speculative Industrial Projects Aim to Meet Growing Demand for Industrial Facilities
Commerce City's tight industrial real estate market is getting a boost. Vacancy rates for industrial buildings in Commerce City have been under 5% for several years. Several developers are planning to build speculative industrial buildings in the city. These developments will help attract new businesses or allow existing businesses to expand within Commerce City.
Brennan Investment Group is planning nearly 1 million square feet of speculative industrial space in a 60-acre industrial development northwest of E. 108th Avenue and Havana Street.
Huntington Industrial Partners
' plans are well underway for four (4) buildings on approximately 20 acres, southeast of E. 108
Avenue and Havana Street. The four buildings will total more than 270,000 square-feet. B & W Construction has completed construction of a 19,380 square-foot speculative industrial building at the northwest corner of E. 96th Avenue and Havana Street with availability for two tenants.
is busy with three (3) projects in Nexus at DIA near E. 84th Avenue and Tower Road. Project 1 is a 540,931 square-foot industrial building is home to GE Appliances, a Haier company, and offers nearly 190,000 square-feet for lease; Project 2 will offer two (2) buildings of approximately 135,000 and 500,000 square-feet of space on 40 acres; Project 3 is a planned 308,000 square-foot building on 20 acres.
Lincoln Property Company
has closed on a nearly 34-acre site in the Nexus at DIA industrial development. The company plans to build three speculative industrial buildings totaling nearly 600,000 square feet on the property located at Tower Road and East 83rd Avenue.