DENVER (September 30, 2020) – Stream Realty Partners (Stream), a national real estate services, development, and investment company, announced today that it has executed a lease at Colorado Logistics Park in Commerce City with Border States Electric, an electrical supplier to construction, industrial, and utility customers. The 82,000-square-foot lease demonstrates a growing trend of tenant demand in Denver’s Northeast industrial submarket, specifically along the I-76 corridor, as it offers compelling transportation, economic, and workforce advantages.
Colorado Logistics Park is located along the I-76 corridor at E 112th Avenue and Highway 85 in Northeast Denver. The I-76 corridor has recently emerged as a sought-after industrial submarket in Metro Denver, with its ample labor supply, fast-growing population, and proximity to major transportation arteries. A key attractor to the area for tenants has been the advantage of avoiding I-70 congestion, which significantly reduces transportation costs and provides faster delivery and drive times.
“Tenants are showing increasing interest in the I-76 corridor as a distribution hub to the Rocky Mountain region,” said Dominic DiOrio, Vice President of Industrial Services in Denver. “Colorado Logistics Park provides tenants with a competitive opportunity to locate in this rising submarket, while increasing the stability and predictability of their end-user delivery and adding efficiencies and savings to their overall logistics.”
After signing the lease with Border States Electric, Colorado Logistics Park’s Phase 1 of development is 21% pre-leased and is expected to deliver in third quarter 2020. An additional 396,311 square feet is planned for Phase 2 of the project.