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June 22, 2024
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Silver Point Development Starts Work on 204k sf CO Industrial Project


Silver Point Development has broken ground on Buildings 1 and 2 (94k sf and 109.7k sf respectively) of Phase I within Elevation25 industrial park located at Weld County Road 9-1/2 and Hwy 66 in Mead, CO. With construction now underway, the two Class A buildings are anticipated to be completed late this year.

In October 2021, McCombs and Hann, brokered the acquisition of 37 acres of land for Elevation25 on behalf of Silver Point Development. The project will include Phase I, a five-building speculative industrial warehouse project totaling 578.2k sf. Silver Point is poised to acquire an adjacent 36-acre land parcel within the next three years for development of Phase 2 of Elevation25. Phase 2 would include four buildings totaling approximately 422k sf, bringing the entire project to 1 msf upon completion. The construction schedule for Phase 2 will be determined based on market demand.

Elevation25 is the only high-bay warehouse speculative industrial development in the immediate area and is just two turns from I-25, heading northbound or southbound. It is strategically located equidistant to three of the region’s major markets – Denver, Boulder, and Loveland/Fort Collins, the Town of Mead has been growing in popularity, attracting major companies over recent months for distribution and logistics including Amazon, Home Depot, UPS, and FedEx. The Elevation25 project will seek to capitalize on the 30% population growth projection in this northern corridor submarket over the next five years.

Dawn McCombs and Kevin Hann with Avison Young are representing the ownership on the leasing of the project. McCombs noted that the majority of the inquires so far have been from users seeking between 30k sf to 100k sf of space.

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