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8/25/25
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United Properties has broken ground on Phase 1 of the INOVA industrial campus, a best-in-class industrial development in Centennial, CO. The groundbreaking marks a significant milestone in the development of this 43-acre industrial campus, which will eventually feature up to five industrial buildings.
Phase 1 of the INOVA development will feature two buildings, one at 141.5k sf and the other at 113.8k sf, for a total of 255.3k sf of space. The project can also accommodate build-to-suit developments up to 200k sf. Expected completion of Phase I is tentatively set for Q2 2026.
Located in the highly sought-after Southeast submarket, the INOVA development benefits from excellent access to Interstate 25, a main artery for logistics and distribution services within the Denver Metro area. The site is adjacent to Centennial Airport and close to Arapahoe Road, providing multiple access points, making it ideal for high-tech manufacturing, aerospace, warehousing, logistics and general office use.
Cushman & Wakefield's National Industrial Advisory Group (IAG), including Will Strong, Michael Matchett, Molly Hunt, Jack Stamets and Madeline Warren, represented United Properties in securing over $20 mil in equity investment for the project. A Denver-based Cushman & Wakefield team of Tyler Smith, Alec Rhodes and Aaron Valdez will represent the venture in leasing the project upon completion. Murray and Stafford, Inc. is the general contractor on the project.
“Breaking ground on the first phase of INOVA comes at an opportune time, as demand for industrial space in the Southeast submarket remains strong,” said Connor McCarthy, Senior Vice President of Commercial Development, United Properties. “With its prime location and convenient access to I-25, this site is exceptionally positioned to meet market needs and support long-term success.”
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