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6/09/26
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Trammell Crow Company and PCCP LLC have acquired a 76-acre site in Thornton, CO for the development of six-building, Class A industrial park to be called Crossroads 25. The venture has already broken ground on the project, strategically located at the intersection of Interstate 25 and E 470.
At full buildout, Crossroads 25 will total approximately 1.1 msf of space. Phase 1, totaling approximately 828k sf across four buildings, is expected to deliver in the third quarter of 2027.
Building 4, consisting of 409k sf, has been fully preleased. This is the largest new industrial lease to be signed in the Denver metro area since 2024. Buildings 1, 2, and 3, consisting of 157.6k sf, 171.2k sf, and 90.1k sf, respectively, are available for lease. The 32-foot clear front-park, rear-load buildings feature highway visibility from E-470 and I-25, heavy power at 4,000 amps per building, oversized drive-in doors, and trailer parking. These building features are increasingly important, especially for modern manufacturing users.
CBRE’s Tyler Carner, Jeremy Ballenger, and Keiffer Garton represented the site’s seller in the transaction. The CBRE team will also lead leasing efforts on behalf of TCC and PCCP. Simmons Bank has provided construction financing for Phase 1. Ware Malcomb designed the project, while Murray & Stafford will serve as the general contractor.
In 2025, the North submarket, with just over 15 msf of inventory, recorded over 1.2 msf of positive absorption. This represents 7.9% of the entire net rentable area of the submarket, according to CBRE Research data. In comparison, an average of 1.4% of the net rentable area was absorbed across all submarkets in the Denver metro area in 2025.
“Developing within one of the Denver metro’s most dynamic industrial submarkets presented a compelling opportunity for TCC. The North I-25 corridor is not only one of Colorado’s most vital freight routes, but it is also the fastest-growing region in the state. Its proximity to a uniquely diverse labor pool offers a distinct, long-term advantage for tenants as they evaluate their real estate needs. These elements reinforce our conviction in this project," said Megan Kranichfeld, Denver Market Leader for TCC.
Crossroads 25 is designed to accommodate a range of modern distribution, logistics, and manufacturing users, offering immediate access to key regional and national transportation routes. The project reflects TCC’s continued commitment to delivering high-quality, strategically located industrial developments that meet evolving tenant demand.
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