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April 22, 2024
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Meati Foods Leases 76k sf of CO Industrial Space


Meati Foods has inked a lease for 76.5k sf feet of Class A industrial space at 25 North in Thornton, CO. Meati, a fast-growing alternative meat company locally headquartered in Boulder, will occupy two-thirds of a brand new 114.7k sf building at 14831 Washington St that was constructed in 2020.

Meati will use the space to house a large-scale, highly innovative “Urban Ranch” production facility, where the company will build the capacity to grow millions of pounds its category-defining, protein-packed alternative meats – paving the way for a nationwide consumer launch next year.

25 North is a 70-acre master-planned industrial development that will consist of approximately 940k sf of Class A industrial/warehouse/distribution/flex buildings when fully built-out. Three buildings totaling 340.2k sf have already been completed. Construction on the remaining 600k sf is anticipated to begin in late Q3-2021.

The project comprises a variety of building sizes and designs offering tenants cross-dock, front-park/front-load and front-park/rear-load configurations. All buildings have energy efficient construction and feature 28’ clear height, abundant natural light via skylights and clerestory windows, ESFR fire suppression, efficient column spacing and bay depths, large truck courts and generous parking ratios.

The location is approximately 20 minutes from Downtown Denver, with immediate access and visibility from I-25, with convenient access to E-470. The property is also nearby many amenities and an abundant diversified workforce.

Steve Hager, Matt Trone and Joey Trinkle with Cushman & Wakefield in Denver represented the landlord, EverWest Advisors LLC and Invesco Real Estate, in the transaction.

“25 North is a strategic location in the high growth North Denver area, with outstanding accessibility and visibility as well as connectivity to Metro Denver, Boulder and Longmont,” commented Steve Hager, Everwest Managing Director. “The project features new state-of-the art speculative buildings and build-to-suit opportunities, in a perfect setting for companies looking to establish, consolidate and grow operations in one convenient and strategic location.”

According to Cushman & Wakefield, the Denver industrial market reported a vacancy rate of 6.7% in the first quarter of 2021. The first quarter also produced a total of more than 3.7 msf of leasing activity driven by some large users, along with 718k sf of net occupancy growth to start the year.

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