Skip to content
Search AI Powered

Latest Stories

Press releases are provided by companies as is and have not been edited or checked for accuracy. Any queries should be directed to the company issuing the release.

CBRE Announces Full Lease-Up of Mountain Gateway Industrial Development in West Metro Denver

ERI Group leases remaining 34,000 sq. ft. available at the recently constructed project

CBRE Announces Full Lease-Up of Mountain Gateway Industrial Development in West Metro Denver

CBRE announced that medical device manufacturer ERI Group leased 34,200 sq. ft. at Mountain Gateway, bringing the recently constructed industrial development to full occupancy.

CBRE’s Tyler Carner, Jeremy Ballenger and Jeremy Kroner represented the project’s developer in the lease, Cale Enterprises.


“Reaching full occupancy is the culmination of Cale Enterprises’ vision for Mountain Gateway. We worked with the team from day one to fill a need in west Denver for quality, Class A industrial space, which has been extremely hard to find historically in this area,” said Carner, executive vice president, CBRE.

Built in 2020, Mountain Gateway is a Class A, two-building industrial development located at 5025 and 5045 Robb Street in Arvada, Colorado. The location is near the intersection of Interstate 70 and Ward Rd., within walking distance of the Wheat Ridge-Ward light rail station. The property totals 142,167 sq. ft. with dock-high and drive-in loading, ESFR sprinklers, 24-ft. clear heights and 2,000 amps of power per building.

“Cale Enterprises’ vision for Mountain Gateway has been fully realized, as we celebrate reaching full occupancy. Together with CBRE, we addressed the demand for new, functional industrial in west Denver, a historically challenging infill market. Our collaboration resulted in a coveted Class A development that has attracted a number of high-quality tenants. We are proud to have partnered with CBRE on this successful development; it would not have been possible without their hard work and diligence,” said Trey Preissman with Cale Enterprises.

Now fully leased, Mountain Gateway is one of only a handful of new industrial developments to deliver in the historically tight West Denver submarket over the past decade.

There were 41 industrial buildings under construction in metro Denver, totaling over 10 million sq. ft., as of the end of the first quarter of 2023, according to CBRE research. None of the projects is located in West Denver, which has one of the lowest availability rates for industrial space in the metro area. West Denver had just 2.8% industrial availability at the end of the first quarter, compared to 7.6% availability metro wide.

“West Denver has land constraints that can make it challenging to build new projects, but it is a coveted location for talent accessibility. This is important to advanced manufacturing tenants that need skilled labor and is part of why Mountain Gateway has been so successful in attracting those businesses,” added Carner.

About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2022 revenue). The company has approximately 115,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of 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.

The Latest

More Stories

Conveyor Solutions, KVK, Electrical Services Group, SIM Aftermarket Services, and SIM Software, combine

Elgin, Il. - October 21, 2024 – Systems in Motion today announced that its new name and brand will be effective immediately. This name change is part of a rebranding initiative, but is also the culmination of the companies’ close working relationship for the past five years and represents their unified strength. Systems in Motion will continue to provide material handling services as a tier-one, turnkey material handling integrator.

The Systems in Motion name creates a single and powerful platform – one that embodies client and industry goals of moving forward – while understanding the complexities and unique objectives of every system. The new brand also signifies the culmination of investment in internal processes that streamline procedures, and deliver a seamless customer experience.

Keep ReadingShow less

Featured

HTL Freight Acquires CTS Logistics, Expanding into Managed Transportation

HTL Freight Acquires CTS Logistics, Expanding into Managed Transportation


September 24th, Charlotte, NC - HTL Freight, a rising leader in the third-party logistics (3PL), is pleased to announce the acquisition of CTS Logistics, a full-service managed transportation company (4PL) headquartered in Windham, NH. This acquisition, HTL Freight’s fourth major transaction since 2021, reinforces its commitment to delivering exceptional freight solutions across North America.

Keep ReadingShow less
ETIHAD CARGO celebrates 20 years of successful operations in India

ETIHAD CARGO celebrates 20 years of successful operations in India

Abu Dhabi, United Arab Emirates – Etihad Cargo, the cargo and logistics arm of Etihad Airways, is celebrating 20 years of operations in India, a milestone that reflects the airline's ongoing commitment to the Indian market since its first flight to Mumbai on 26 September 2004. Over the years, Etihad Cargo has expanded its presence in India, now offering belly hold capacity via nonstop services between Abu Dhabi and 12 major Indian cities, with plans for further growth.

Etihad Cargo handles over 46,000 tonnes of cargo annually ex India, connecting the country to over 100 global destinations via its Abu Dhabi hub via 588 widebody and narrowbody rotations each month. To meet the needs of specific sectors, Etihad Cargo has enhanced its product range, adding new features and launching new products. Key commodities handled include electronics, including mobile phones and semiconductors, garments, pharmaceuticals, perishables, e-commerce, automobile components and courier shipments, reflecting the diversity and strength of India's manufacturing and export sectors.

Keep ReadingShow less

Xtreme Trucking selects HOPTEK’s Dispatch Engine® solution forreal-time visibility and optimization of fleet operations

Charlotte NC, September 23, 2024 (McLeod User Conference ) – HOPTEK, a global leader in AI-driven trucking and fleet transportation solutions, has been selected by Xtreme Trucking of Wisconsin, one of the U.S.’s leading technology-first transportation and logistics providers, for its Dispatch Engine® solution, a digital platform providing instant visibility and access to the spot load market, while matching available carrier capacity across thousands of possible options. HOPTEK’s “digital twin” will provide real-time visibility and enable Xtreme to boost operational efficiency and fleet utilization, while reducing driver turnover and deadhead miles, resulting in material cost savings and profitability.

Started as a small independent operation in 2006, Xtreme Trucking was formally established in 2009 to become a quality diversified transportation provider, with a growing revenue profile and extensive coverage across the United States. Through HOPTEK’s Dispatch Engine®, Xtreme has leveraged real-time data visibility and dynamic decision-making to drive operational velocity to achieve up to a 20% increase in both Revenue per Hour and Weekly Revenue Miles per Driver – a clear competitive advantage.

Keep ReadingShow less
Nulogy and Kinaxis Announce Partnership to Accelerate Synchronization for Manufacturing Supply Chain

Nulogy and Kinaxis Announce Partnership to Accelerate Synchronization for Manufacturing Supply Chain

Nulogy, a leading provider in supply chain collaboration solutions, and Kinaxis, a global leader in supply chain orchestration, have announced a partnership to develop cutting-edge solutions for brand manufacturing supply chain networks worldwide.

The new partnership aims to catalyze fast-moving consumer goods (FMCG) and life science brands and their supplier networks to work together more effectively through digital transformation solutions, thereby mutually improving costs, service and revenue. Combining the supply chain orchestration capabilities of Kinaxis with the collaborative external manufacturing specialization of Nulogy will enable customers to share forecasts and order information with suppliers and receive inventory capacity information faster.

Keep ReadingShow less