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11/06/17
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United Parcel Service Inc agreed to a 10-year lease for an entire 360k sf facility in Aurora, CO. The lease – UPS’ first in Aurora – is expected to lead to more than 700 new jobs once the facility is fully operational in late 2018. Operations are expected to begin this year in time for the busy holiday shopping season.
The Class A warehouse is located at I-70 and E Smith Rd, within Consolidated Investment Group’s (CIG) East Park 70 industrial park. The state-of-the-art facility was completed in late 2016 to serve the metro area’s thriving industrial market.
According to CIG Vice President Tim Bertoch, the company intends to continue its speculative development program at this location this year and into 2018. When fully built out, the park will consist of more than 1.4 msf of industrial space.
Construction of the facility began in late 2015 as part of a CIG speculative development phase, which included the large warehouse as well as an adjacent 81k sf, rear-loaded warehouse with three acres of secured outdoor storage area.
This news comes soon after the recent opening of the Amazon fulfillment center, also located in the City of Aurora.
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