Responding to a continued demand for new industrial space in suburban Denver, a local developer has announced plans to build two industrial buildings totaling more than 157,000 square feet combined.
The project belongs to the Denver-based United Properties, which recently purchased the 43 acres needed for the project in Centennial at the intersection of East Easter Avenue and South Lima Street.
To be called Inova Aero, the project may eventually see the construction of up to 480,000 square feet of new industrial space.
All of the industrial structures at the site will feature space for drive-in loading, among other amenities.
Future construction on the site may also include 300,000 square feet of build-to-suit office space, as well as another 225,000 square feet of additional industrial space.
The project follows on the heels of another United Properties development called Inova Office I and II. The earlier project also placed an emphasis on drive-in loading space, as well as bike commuter facilities.
Specializing in property management, United Properties has developed more than 3.2 million square feet of industrial, retail, and senior housing space in metropolitan Denver for nearly 15 years.
The demand for new industrial space is national in scope. According to a report published by the Chicago-based commercial real estate services company Cushman & Wakefield, industrial space construction across the country saw a 22 percent gain in the fall of 2018 over the same period of time in 2017.
By Garry Boulard
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