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ViaWest Group to Start Work on 134k sf Denver Industrial Facility

7/11/22

Phoenix-based ViaWest Group is making its first market entry into Denver with plans to construct a 134.4k sf industrial facility just north of downtown. The freestanding, Class A industrial building, Downtown Distribution Center, is situated on 9.32 acres and is scheduled for delivery in Q2 2023.

Downtown Distribution Center is located at 5601 Franklin St, in unincorporated Adams County with low sales tax rates benefiting occupiers of industrial space. The project will feature modern design and functionality for today’s logistics/distribution occupiers, including 32’ clear height, 28 dock high and 2 drive-in doors, heavy power, ESFR Sprinklers, ample trailer and auto parking, clerestory windows, and Class A office space built to spec.

“Downtown Distribution Center will offer tenants an outstanding Central Denver location at the convergence of four interstates -- I-25, I-70, I-76 and I-270 -- with immediate access to I-25. This infill location is about as good as it gets for industrial occupiers desiring to be located in Central Denver,” said Executive Managing Director Drew McManus. “Just minutes from Downtown Denver and close to the National Western Complex, the project provides immediate proximity to an abundant workforce, public transportation, numerous nearby retail amenities, and is less than 30 minutes from Denver International Airport.”

Cushman & Wakefield’s Drew McManus, SIOR, Bryan Fry and Ryan Searle brokered the sale of the land to ViaWest and will be handling the leasing of the new project.

According to Cushman & Wakefield’s latest Q1-2022 market report, Denver’s overall industrial market vacancy was 5.9%, its third consecutive quarterly decline. The market also registered more than 1.2 msf of positive net absorption (occupancy growth) during the first quarter. Meanwhile, following a record-breaking year in 2021 with 14.2 msf of leasing activity, Q1 2022 reported 1.9 msf in leasing activity.




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