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COLORADO SPRINGS, CO-Panattoni Development Co. has created a limited partnership to design and build a 33,600-sf building in this city about 90 minutes south of Denver. Panattoni, which bills itself as the largest developer of industrial space, created Panattoni-Academy Park Loop for the $5.8-million construction project for Mitre Corp., a not-for-profit corporation that integrates systems engineering and information technology for three federally funded centers.

Mitre provides services for the Department of the Defense, Federal Aviation Administration and the Internal Revenue Service/Department of the Treasury.

The building at 1155 Academy Park Loop is scheduled to be completed next April.

Robert Whittelsey of the Denver office of Colliers Bennett & Kahnweiler Inc. negotiated the transaction. David Goode of Gray Design is the architect. Vectra Bank is financing the project.

Panattoni develops, leases, owns and manages industrial, office and retail projects in more than 60 cities throughout the US. Since 1986, Panattoni has completed more than 65 million sf of new development.

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