CBRE announced today that Mountain Gateway, a new 142,180-square-foot industrial development, is coming to Arvada at Ridge Road and Robb Street. The Class A warehouse/office project being developed by California-based Cale Enterprises, LLC will be the largest speculative industrial project built in Denver's supply-constrained west submarket in over 15 years, where only 370,500 square feet of speculative warehouse/manufacturing facilities have been delivered since 2000.
"West Denver's industrial market has historically been healthy but underserved, as evidenced by its sub-five-percent vacancy rate over the past nearly seven years. Despite hearty demand, land and thereby new construction has been hard to find. The good news is some relief is in sight as Mountain Gateway will significantly increase the options for industrial users who want to stay in the area. We expect to attract distribution companies, engineering firms, manufacturers and a variety of office/warehouse users looking to occupy as little as 10,000 square feet," said Tyler Carner of CBRE, who along with his partner Jeremy Ballenger is marketing Mountain Gateway for lease.
Mr. Ballenger added, "The steady industrial lease rate growth we have seen in Denver's west submarket over the past five years confirms both the scarcity of industrial space and the strong demand for it in the area. Mountain Gateway will deliver on a specific market need while giving local industrial users the chance to enhance their operations and employee experience with brand new construction, Class A amenities, mountain views and convenient access to transit."
With delivery planned for Q3 2019, Mountain Gateway will consist of two buildings—one at 59,710 square feet and one at 82,470 square feet---both of which are divisible down to approximately 10,000 square feet. The project will feature concrete tilt-up construction, Class A finishes, 20 dock-high doors, 11 drive-in doors, 24-foot clear heights, ESFR sprinklers, office space to suit and 290 parking spaces. The project's architect is Colorado-based Grey Wolf Architecture.
Mountain Gateway's location near the intersection of West Ridge Road and Ward Road is about one mile from Interstate 70 and a 10-minute walk from the RTD's new G Line via the Wheat Ridge-Ward Station.
Learn more at www.mountaingatewayco.com.
More Info: http://www.mountaingatewayco.com