Rare Industrial Project Breaks Ground on Denver’s Westside

Denver’s Mountain West industrial submarket is growing. Mountain Gateway has broken ground, and the new project will bring 142,000 square feet to the tight and supply-constrained market. Only 375,000 square feet of industrial product has been built in the submarket since 2000, and this is the first industrial project of its size that has been built in the last 15 years.

“Mountain Gateway is in our west submarket, and the mountains basically limit growth,” Tyler Carner, an EVP at CBRE, tells GlobeSt.com. “So, the submarket is the most land-constrained market, and it is difficult to find any land but specifically industrial entitled land. It is a really unique opportunity to have new industrial development on the westside of town. This is one of the last remaining sites that exist.”

Carner and Jeremy Ballenger are handling leasing at the property on behalf of developer Cale Enterprises. The submarket is popular, and the growing demand has outpaced new supply. “The west submarket is always a tight submarket. There is a good quality of life and a lot of decision markers live on that side of town. You also have a lot of engineering and oil and gas,” Carner says. Coors has a fair amount of influence in the submarket. So, there is a fair amount of demand, and while it isn’t the largest industrial submarket tin Denver, it is undersupplied with the consistent demand.”