A leading broadband connectivity company and cable operator will nearly double its space in an Englewood, Colorado, Class A business park.
Charter Communications, which brands its services as Spectrum, has leased an additional 58,487 square feet at Compark Business Campus at 8560 Upland Drive. The expansion brings the company’s occupancy to 122,000 square feet in the 149,143-square-foot warehouse owned by CWCapital and Kenai Capital Advisors.
Stream Realty Partners Executive Managing Director Tyler Reed, Managing Director Peter Beugg, and Executive Vice President Dominic DiOrio represented the landlord in the transaction. Stream is a national commercial real estate firm offering an integrated platform of services with a growing office in Denver. CBRE Denver represented the tenant.
“We are excited to expand our relationship with Charter Communications as they increase their commitment to the property,” said Regina Lubin of CWCapital.
8560 Upland, a Class A flex building, sits on 8.35 acres in Denver’s Southeast submarket. The property offers accommodating ingress and egress options, heavy power, dock-high loading docks, and drive-in doors. With easy access to Interstate 25 and E-470, the industrial facility provides tenants with proximity to Downtown Denver, Castle Rock, Colorado Springs, Denver International Airport, and Centennial Airport.
Charter has been a long-term tenant in the building and seized the opportunity to expand when the adjacent space became available. AVI-SPL, a provider of collaboration and audio-video technologies, occupies the remainder of the building.
“Charter’s expansion demonstrates its strong commitment to housing its workforce in Denver’s Southeast submarket,” Reed said. “The company’s real estate team was very professional and a pleasure to work with on the lease. Charter is one of the premier companies in Colorado, and ownership is proud to have them as a long-term partner.”
According to Reed, the Southeast submarket has been highly competitive and sought after with its Class A industrial and flex products. There were approximately 1 million square feet of absorption across 25 transactions in the submarket, setting a new yearly record in 2022.
