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8/06/25
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Mark IV Capital acquired two pre-leased industrial buildings totaling 204k sf in Mead, CO for $43 mil ($211/sf). The structures represent the first phase of Elevation 25, a 1 msf project by Silver Point Development in the heart of North Colorado’s emerging industrial corridor, roughly 35 miles north of Denver.
The Elevation 25 site, which has an additional 55 acres available for development, delivers direct access to I-25, as well as key transportation routes including I-70 and I-80, which allows tenants to gain strategic connectivity to major regional and national markets. Positioned at the intersection of Boulder County, Weld County, and the Denver metro area, the project offers immediate access to a fast-growing population and workforce, as nearly four million people live within an hour’s drive.
With direct frontage along I-25 and visibility to 104,000 vehicles per day, Elevation 25 connects seamlessly to Denver, Boulder, Colorado Springs, and Fort Collins. The site provides one-day truck access to more than 22 million people and two-day access to nearly 180 million—giving logistics and distribution users a powerful geographic edge. Located in Weld County, Colorado’s fastest-growing county, Elevation 25 benefits from favorable business conditions, including a 5.9% sales tax rate and a projected 30% population increase within a 5-mile radius over the next five years. Combined with Colorado’s expanding infrastructure and a diversifying regional economy, Elevation 25 is attracting forward-looking manufacturers, distributors, and tech-driven firms seeking long-term growth.
“The two buildings, which are fully leased, validate the area's growing appeal to manufacturing and distribution tenants,” commented Mark IV Capital’s Jeff Dean, Senior Vice President, Colorado. “With close proximity to Boulder’s education ecosystem and startup scene, the region is attracting a younger, affordability-conscious workforce priced out of Denver, further fueling demand.”
Dean added, “North Colorado’s evolution is being driven by a combination of traditional industries - agriculture, logistics, mining and manufacturing - and a new wave of innovation in renewable energy, advanced materials, and precision technology."
Colliers International’s TJ Smith, Nick Rice and Brad Calbert represented the seller, Silver Point and its partner, Walker Dunlop Investment Partners (WDIP), in the transaction.
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