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2/22/23
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Two new tenants – Vartega and Alliant Power -- are joining Pecos Logistics Park, a 1.15 msf, Class A industrial development in Denver. The two new leases bring the project to 54% leased.
Vartega, a recycler of lightweight carbon fiber, leased 50.1k sf in Building 2. Alliant Power, the nation’s largest distributor of aftermarket diesel engine fuel systems and components, leased 34.7k sf in Building 4.
Tyler Carner and Jeremy Ballenger of CBRE represented the property owner, institutional investors advised by J.P. Morgan Global Alternatives. Alliant Power was repped by Doug Viseur and Nic Carter, also of CBRE. Vartega was represented by Dawn McCombs and Kevin Hann of Avison Young.
Construction on the 66-acre park was completed in August 2022 and includes six speculative buildings and a build-to-suit occupied by PepsiCo Beverages North America.
Pecos Logistics Park is located in central Denver at the northwest corner of W 56th Ave and Pecos St, steps away from the Pecos Junction light rail stop. The infill location is 0.5 miles south of I-76, one mile north of I-70 and less than two miles from I-25, putting 2 million people within 15 miles of the park.
Park amenities include 28-32-ft clear heights, trailer parking, ESFR sprinklers, and at least 3000 amps of power per building. Unique for industrial, the park also has shared amenity space with conference/training rooms, a kitchen, showers, bike storage and outdoor patio space available for tenant use.
Persistent demand for industrial space in metro Denver netted 2 msf in leasing activity in the fourth quarter of 2022, according to CBRE research. This raised the annual volume to over 11.2 msf, surpassing the five-year average of 10.7 msf.
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