DENVER-Those who follow @GlobeStcom on Twitter and @GlobeStLIVE may have seen a post teasing the announcement, but GlobeSt.com has learned that United Properties, a developer and investor with offices in Denver, has purchased 38.2 acres from Forest City Stapleton Inc. The company just recently break ground on the first phase of the Enterprise Business Center in Stapleton.
The 710,850-square-foot class A industrial development is located near the southwest corner of Interstate 70 and Havana Street in Denver. Phase one of Enterprise Business Center will be a 514,500-square-foot cross-dock distribution building suited for tenants seeking 125,000 square feet of space or more.
The building's design includes concrete tilt wall panels, 32 feet interior clear height, ESFR sprinkler system, T-5 lighting, white “cool” roof and truck parking, and will be able to accommodate security fencing, according to a prepared statement. Construction will be complete in February 2014, with occupancy available as early as the end of March 2014.
The firm could not disclose the construction cost to GlobeSt.com by deadline, however when fully developed, Enterprise Business Center will include three industrial buildings. After the phase one building, United Properties plans to develop two flex industrial buildings of approximately 100,000 square feet each.
The buildings will have 24 feet clear height and target tenants seeking at least 25,000 square feet of space with a higher office finish requirement.
Check back for more, with thoughts from Kevin Kelley, VP of the firm as well as more on the industrial market in the area.
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
