DENVER (October 26, 2020) – Stream Realty Partners (Stream), a national real estate services, development, and investment company, announced today that it secured a 28,000-square-foot lease with Metro Screenworks at Parc Santa Fe. Metro Screenworks is a Metro-Denver-based supplier of window screens and will relocate its operations to Building A of the 345,126-square-foot industrial development.
The lease is the largest new deal to land in the southwest industrial submarket year to date and brings Parc Santa Fe, which delivered in September 2019, to 70% leased. Stream’s Tyler Reed SIOR, Peter Beugg SIOR, and Dominic DiOrio SIOR represented the landlord, LaSalle Investment Management, who purchased the development in December of last year.
Tyler Reed, Managing Director of Industrial Services, commented, “Metro Screenworks is a family-owned business that has been in operation for 41 years. We are thrilled to have such an established business see the value in new, Class A development along a growth corridor and look forward to having them as partners in the park for many years.”
“Building A’s frontage on S Santa Fe Drive makes it an ideal location for tenants like Metro Screenworks as it provides a high profile presence and visibility on one of the busiest corridors in the southwest industrial submarket,” said Peter Beugg, Managing Director of Industrial Services. “Parc Santa Fe also offers coveted Class A industrial space within a compressed submarket at lower operating costs than similar new construction in Metro Denver.”
Situated on 22 acres, Parc Santa Fe is a NAIOP award-winning industrial development strategically located with frontage on S. Santa Fe Drive, convenient access to E-470, and proximity to Centennial Airport. The three-building development can accommodate a wide range of users and offers modern facility features, including 24-foot and 28-foot clear heights, gated outside storage and car parking, ample dock doors, and abundant power.