DENVER (March 8, 2017) - CBRE has negotiated a long-term, 117,000-square-foot lease at Hub 25, a new Class A industrial park located at 601 East 64th Avenue in Denver, Colorado. BSI, a leading national provider of high-quality food servery and food service equipment, has leased the entirety of Building A at the centrally located HUB 25 project. BSI is widely recognized for manufacturing "ZGuards" but also offers counter systems, sinks/floor troughs, carts and many other food display or merchandising systems to restaurants nationally.
Tyler Carner and Jeremy Ballenger, senior vice presidents with CBRE's Denver office, represented the landlord, Denver-based Westfield Company, in the lease negotiation. Steve Hager and Matt Trone with Cushman & Wakefield represented the tenant.
"BSI recognized the advantages of a centrally located infill location that is accessible for both customers but also the company's skilled labor force," said Mr. Carner. "BSI relocated from an area impacted by the National Western Center redevelopment project. Remaining in a central location was important to employees and leadership alike."
Hub 25, a 421,499-square-foot master-planned Class A industrial park, recently delivered in Q4 2016. Property features include a 60-foot speed bay, ESFR sprinklers and available trailer parking as well as an attractively low mill levy. The four-building industrial park also boasts a premium central location, offering direct access to I-25 and unmatched monument signage visibility from the adjacent freeway.
In addition to the 117,000 square feet of Building A that was fully leased by BSI, three buildings are still available at Hub 25 totaling 304,499 square feet. Available space is divisible down to 20,000 square feet to accommodate small-bay tenants.
"Hub 25 is an ideal option for showroom, distribution/warehouse and manufacturing tenants seeking Class A industrial space that is highly visible by 213,000 drivers per day and centrally located in the growing Denver market," said Mr. Ballenger.
For Hub 25 leasing inquiries, contact Tyler Carner at (303) 264-1903 or Tyler.Carner@cbre.com or Jeremy Ballenger at (303) 264-1902 or Jeremy.Ballenger@cbre.com.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE: CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world's largest commercial real estate services and investment firm (based on 2016 revenue). The company has more than 75,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.