DENVER-Those who follow @GlobeStcom on Twitter and @GlobeStLIVE may have seen a post teasing the announcement, but GlobeSt.com has learned that United Properties, a developer and investor with offices in Denver, has purchased 38.2 acres from Forest City Stapleton Inc. The company just recently break ground on the first phase of the Enterprise Business Center in Stapleton.
The 710,850-square-foot class A industrial development is located near the southwest corner of Interstate 70 and Havana Street in Denver. Phase one of Enterprise Business Center will be a 514,500-square-foot cross-dock distribution building suited for tenants seeking 125,000 square feet of space or more.
The building’s design includes concrete tilt wall panels, 32 feet interior clear height, ESFR sprinkler system, T-5 lighting, white “cool” roof and truck parking, and will be able to accommodate security fencing, according to a prepared statement. Construction will be complete in February 2014, with occupancy available as early as the end of March 2014.
The firm could not disclose the construction cost to GlobeSt.com by deadline, however when fully developed, Enterprise Business Center will include three industrial buildings. After the phase one building, United Properties plans to develop two flex industrial buildings of approximately 100,000 square feet each.
The buildings will have 24 feet clear height and target tenants seeking at least 25,000 square feet of space with a higher office finish requirement.
Check back for more, with thoughts from Kevin Kelley, VP of the firm as well as more on the industrial market in the area.