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7/23/21
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Colorado-based Sashco has preleased a 121k sf, spec industrial building currently under construction in metro Denver.
Sashco will relocate and expand into the new building, which is located at 14802 Grant St, within 25 North, a multi-building industrial park in Thornton. The project is being developed by EverWest Real Estate Investors, who co-owns the development with Invesco Real Estate.
EverWest purchased the 25 North campus in mid-2020 in a joint venture with Invesco Real Estate. At the time of purchase, the property included two newly completed, Class A industrial buildings totaling 219.2k sf, with a pad-ready site available for immediate development.
EverWest broke ground on the 14802 building in August 2020 and delivered the TI-ready core and shell in March 2021. In addition to its three existing buildings, 25 North has 46.4 acres of developable land able to accommodate 595k sf of new Class A industrial development as market demands. Site design and engineering plans for the second phase are currently pending municipal approval.
Founded in 1936, Sashco manufactures caulks, sealants and stains. It will relocate to 25 North in October 2021, upon completion of tenant improvements. The firm was repped by Matt Trone of Cushman and Wakefield and Tim Maierhofer of Sashco. Steve Hager of Cushman and Wakefield represented EverWest in the lease transaction.
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