An upcoming industrial park saddled between Interstates 25 and 70 has nabbed another tenant.
Trammell Crow Co. has broken ground on a new build-to-suit warehouse at its Crossroads Commerce Park on the edge of the Denver line. Inline Distributing Co. will move into the 70,000-square-foot building and, once it’s finished, buy the warehouse from Trammell Crow.
The warehouse will be the third one at Crossroads that Trammell Crow Co. has built to suit a particular company, and Trammell Crow’s senior managing director Bill Mosher has said the pitch has been the same each time.
“With every group we’ve dealt with, the draw has been the central location and immediate access to I-25 and I-70,” Mosher said. “Being in the middle of the area’s population has been the key.”
Inline Distributing Co.’s new building will sit along 52nd Avenue, just west of Washington Street in unincorporated Adams County. The company works in the construction industry, supplying contractors with building products for the last 30 years.
Inline Distributing is based in Southern California and operates 11 distribution centers across the United States.
Inline’s building at Crossroads was designed by Ware Malcomb. Murray & Stafford is the general contractor and Colorado Business Bank provided financing for the project.
Nick Steitz of JLL represented Inline is the deal. Newmark Grubb Knight Frank brokers Mike Wager, Tim D’Angelo and Mike Wafer Jr. represented the landlord, and continue to head up leasing for all of Crossroads Commerce Park.
Crossroads Commerce Park is a roughly 60-acre industrial complex straddling the Denver-Adams County line. Inline will join Empire Staple Co. and Sierra Pacific Windows, which will own their own buildings at Crossroads. The Inline Distributing build is slated for completion in mid-2017.
Trammell Crow also has three for-rent warehouses at Crossroads that currently boast tenants including Lennox, GloProfessional and American Tire Distributors.
Looking ahead, there are still four building sites left at Crossroads, each sitting on the Denver side of the property. Mosher said one of those buildings will be slightly smaller than the Inline warehouse. Another could run about 20 percent larger and the two others will be right around that same 70,000-square-foot mark.
By the time everything is finished, Crossroads Commerce Park will have about 1 million square feet of industrial space under roof.