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Mark IV Capital Acquires 55-Acre Biz Campus Site in Colorado

12/19/23

Mark IV Capital has acquired 55 acres of industrial land within Elevation25 Business Park in Mead, CO. The park, located at 4480 Elevation Dr, has the capacity to support 1 msf of Class A industrial product.

Phase 1 of the project – consisting of two industrial buildings – was recently completed by Silver Point Development in partnership with Walker Dunlop Investment Partners (WDIP) and financed by CIBC Bank. The remaining 55 acres of Elevation25 was purchased by Mark IV from Silver Point in an off-market transaction and will support up to seven buildings totaling 850k sf. Mark IV plans to complete development on the land for a variety of uses.

Elevation25 is situated at the intersection of Interstate 25 and State Highway 66, adjacent to I-25 with 800 feet of frontage along the major interstate. The business park sits between Denver and Fort Collins with proximity to Interstate 80, which allows truck drivers east/west access throughout the United States without the sometimes-hazardous drive through the Rocky Mountains.

Silver Point and WDIP have developed and will retain ownership of Elevation25’s 94k sf Building 1 and 109.7k sf Building 2, which were completed in November 2023 and are substantially leased. Mark IV plans to break ground on the next phase – roughly 170k sf of speculative product, in late Q4 2024. The available space will range from 20k sf to 200k sf and is expected to appeal to a wide range of tenant types, including distributors and logistics, technology, and energy sector companies.

“Our firm has identified an exciting opportunity to expand our Colorado footprint while helping to meet the area’s growing demand for top-tier industrial and logistics space,” commented Jeff Dean, senior vice president of Mark IV, who heads the firm’s Colorado office. “We currently own a distribution facility in Loveland and have been interested in investing in additional property in Mead and Weld County for quite some time. This transaction provided us with the ideal scenario to further engrain ourselves in the Colorado market and to deliver speculative and build-to-suit space, outdoor storage, and a five-acre park open to the public in an excellent location.”

Drew McManus, Ryan Searle, Bryan Fry and Shannon McBroom with Cushman & Wakefield represented both Mark IV and Silver Point in the off-market transaction. Mark IV has selected McManus and his team to manage the leasing of Elevation25 going forward.




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