DENVER, May 16, 2024
/PRNewswire/ -- LaPour has acquired 6.34 acres (276,108 square
feet) to develop Creekside Centennial Tech Center (CCTC). The
planned shallow bay, light industrial, multitenant project will be
located in the Southeast Denver
submarket north of Centennial Airport in Centennial, Colorado.
LaPour will break ground on the project in June 2024 with an estimated completion of
April 2025. The 63,207 SF, single
building project boasts 24-foot clear heights, 16 dock doors, 8
drive-in doors, 2,500 amps of power, and a generous parking ratio
of 3 per 1,000 SF. The modern design of CCTC aims to redefine
industrial space in the region, setting a new benchmark, and
outclassing older competing projects in its vicinity. The project
can serve users from under 10,000 SF in size up to the full
building, catering to a large yet underserved user category.
Current vacancy for functional properties in the Southeast
submarket with the ability to demise tenant suites under 15,000
square feet is approximately 2.5%.
The project's location is strategically connected to major
transportation arteries, including I-25, E470, and SH 83 via
Arapahoe Rd and is surrounded by a rich variety of restaurants,
lifestyle amenities, retail outlets and walkable trails.
Situated just north of Arapahoe Road in the Southeast Denver submarket, Creekside
Centennial Tech Center will be a welcome modernization of shallow
bay industrial development in the area. Jeff LaPour, CEO at LaPour Partners, said,
further stating, "CCTC will offer an upscale identity in a prime
location to the significantly underserved market of small bay users
looking for less than 10,000 SF. The project is designed with a
focus on modern, functional and image-conscious space."
Stream Realty Partners, a national commercial real estate firm
offering an integrated platform of services, brokered the
off-market purchase, with Stream Denver's Executive Managing
Director Tyler Reed, Managing
Director Peter Beugg, Executive Vice
President Dominic Diorio, and Senior
Associate Buzz Miller representing LaPour.
"We are excited to be working with the LaPour team on another
innovative industrial project here in Denver, for the most underserved—and arguably
the largest—tenant segment in mind," said DiOrio. "Creekside's
small-bay design will provide tenants with Class A space and
building features that do not exist for that user in Southeast Denver, or virtually anywhere in the
metro area."
For two decades, LaPour Partners has committed to unveiling
dynamic real estate investment opportunities, focusing on
early-stage market ventures and standout transactions. The company
thrives on tackling projects with situational complexity, deploying
in-house expertise, and harnessing their expansive network to
devise innovative solutions. With a proven track record spanning
Arizona, Colorado, and Nevada, LaPour will continue its legacy of
delivering best-in-class real estate with Creekside Centennial Tech
Center.
For more information on the Creekside Centennial Tech Center,
please call LaPour at 702.222.3022.
Media Contact:
Jennifer Bradley
7022349385
377833@email4pr.com
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SOURCE Lapour Partners