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2/28/24
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Construction is nearing completion on Point Central Business Park, a 157.5k sf, speculative industrial project on over 9.5 acres in Denver. The project, a development of StarPoint Properties, broke ground last summer and is scheduled to deliver in the second quarter of 2024.
Located at 1051 E. 73 Ave in the Central Denver submarket, the new development is designed to meet the needs of the most sophisticated logistics businesses. Point Central comprises two Class A buildings containing 74.6k sf and 82.9k sf of space.
Configured with flexibility in mind, the development offers the ability to accommodate occupier size ranges from 13k sf to 157k sf. Each building provides 2.4k sf of high-end spec office space, 2,000A/480V electrical, and 32’ clear heights. The development also boasts 225 parking spaces, 27 dock-high truck doors (with the ability for an additional 23 doors) and eight drive-in doors. The front-park / rear-load design sits near interstates 25, 76 and 270, providing excellent accessibility and proximity to customers across metro Denver and other nearby markets.
The project is located in unincorporated Adams County with low sales tax rates benefiting occupiers of industrial space. Drew McManus, SIOR, Bryan Fry and Ryan Searle with Cushman & Wakefield are currently marketing Point Central Business Park for lease. According to Cushman & Wakefield’s latest Q4-2023 industrial market report, Denver’s overall industrial vacancy remained flat in the final quarter of 2023 at 7.0%.
“Point Central is an exceptional new state-of-the-art industrial development that is ideally situated in Denver’s central industrial submarket and located near downtown. Focused on connectivity, the project’s infill location provides tenants with immediate access to all of Denver’s primary interstates within minutes and encompasses Metro Denver’s largest labor pool,” said McManus.
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