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10/18/21
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Opus Development Corporation bought 19.75 acres of vacant land located at 7801 S. Fairplay Street in the Dove Valley submarket of Centennial, CO. The site is planned for the development of two, 150k sf industrial buildings for a total of 300k sf.
The parcel is located in Dove Valley Business Park, a 320-acre master-planned, mixed-use development located just north of E-470 and just west of Jordan Rd. Opus is slated to start land development shortly and anticipates delivering the speculative project in Q2 2022. Together with Arapahoe County, Opus worked diligently on the scope and framework for this project to ensure that all requirements were met to efficiently develop the highly visible site.
The seller, Heirborn Partners L.L.C., was represented by Avison Young’s Rick Egitto. Opus Development Corp was repped by Todd Witty of CBRE.
“The Dove Valley submarket has been coming into its own over the last six years as users, developers and investors enjoy its proximity to Centennial Airport and the Denver Bronco’s Training Facility, as well as filling the industrial gap that had been overlooked for years,” said Egitto.
A diverse mix of users have been attracted to Dove Valley Business Park as it provides easy access to all parts of Southeast Denver via E/C 470, Interstate 25 and Parker Road. New tenants will join Digicomm, Jeppeson, Lockheed Martin, Bradley Petrolium, Micron, and Cherry Creek Schools Innovation Campus at this Arapahoe County location.
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