{"id":1004085311,"date":"2013-10-17T05:37:51","date_gmt":"2013-10-17T13:37:51","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004085311"},"modified":"2022-12-08T21:39:05","modified_gmt":"2022-12-09T05:39:05","slug":"swire-coca-cola-leases-257-ksf-from-united-properties-in-denver-area","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/swire-coca-cola-leases-257-ksf-from-united-properties-in-denver-area\/","title":{"rendered":"Swire Coca-Cola Leases 257 KSF from United Properties in Denver Area"},"content":{"rendered":"<p><i><\/i><i>By Gail Kalinoski, Contributing Editor<\/i><\/p>\n<p><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/10\/Rendering-Bldgs_1_and_2_small.jpg\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004085313\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/swire-coca-cola-leases-257-ksf-from-united-properties-in-denver-area\/rendering-bldgs_1_and_2_small\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/10\/Rendering-Bldgs_1_and_2_small.jpg\" data-orig-size=\"800,351\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;}\" data-image-title=\"Rendering-Bldgs_1_and_2_small\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/10\/Rendering-Bldgs_1_and_2_small.jpg?w=800\" class=\"alignleft size-medium wp-image-1004085313\" alt=\"Rendering-Bldgs_1_and_2_small\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/10\/Rendering-Bldgs_1_and_2_small.jpg\" width=\"300\" height=\"131\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/10\/Rendering-Bldgs_1_and_2_small.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/10\/Rendering-Bldgs_1_and_2_small.jpg?resize=300,132 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/10\/Rendering-Bldgs_1_and_2_small.jpg?resize=768,337 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><\/p>\n<p>A Coca-Cola distributor has leased a 257,351-square-foot warehouse under construction at United Properties\u2019 Enterprise Business Center at Stapleton in Denver, in a deal negotiated by Newmark Grubb Knight Frank.<\/p>\n<p>It is one of two speculative warehouses under construction at the new Class A industrial park near Interstate 70 and Havana Street that will eventually have about 1.1 million\u00a0square feet of space.<\/p>\n<p>\u201cThis large commitment to a speculative buildings, scheduled for completion in the spring 2014, underscores just how strong demand for industrial space has become in the Denver area,\u201d Mike Wafer, NGKF\u2019s executive managing director, said in a news release. \u201cThis is the first time we\u2019ve seen preleasing of speculative warehouses in more than a decade.\u201d<\/p>\n<p>Wafer and Senior Managing Director Tim D\u2019Angelo are marketing the Enterprise Business Center and represented Minneapolis-based United Properties in the negotiation. Joe Cantalamessa of Cantalamessa Partners of Littleton, Colo., represented the tenant.<\/p>\n<p>Swire Coca-Cola USA, a subsidiary of Swire Pacific Ltd, is one of the largest Coca-Cola distributors in the United States. It expects to operate its beverage distribution for the Denver metropolitan area from the new site once the warehouse is completed in May.<\/p>\n<p>In July, United Properties bought 38.2 acres from Forest City Stapleton, Inc., the wholly owned subsidiary of Forest City Enterprises that has developed the master-planned community of Stapleton. It immediately began construction of two speculative warehouses that will total about 489,000 square feet when completed. Once it is fully built out, Enterprise Business Center will have five buildings, including two flex buildings that will be built along 40<sup>th<\/sup> Avenue, and a 231,345-square-foot distribution center that is under construction to the west of the Swire building, and a newly planned 469,000-square-foot distribution building on the neighboring 24 acres.<\/p>\n<p>Construction of the flex buildings is scheduled to being in the first quarter of 2014, according to a United Properties release. Wafer told <i>Commercial Property Executive<\/i> that the two flex buildings, \u201cwill break ground next year and are designed for heavier office and flex uses.\u201d<\/p>\n<p>He said they will be 90,950 square feet and 105,400 square feet when completed.<\/p>\n<p>\u201cDenver\u2019s industrial vacancy rate of 6.1 percent is close to an all-time low,\u201d Wafer added. \u201cThe recent, unprecedented rush for industrial buildings, particularly in the city and county of Denver, make a compelling case for high-quality speculative construction projects, including Enterprise Business Center.\u201d<\/p>\n<p>Stapleton is located about 15 minutes from Denver International Airport and 10 minutes from downtown Denver.<\/p>\n<p>United Properties\u2019 Colorado division develops retail properties as well as office and industrial buildings.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A Coca-Cola distributor has leased a 257,351-square-foot warehouse under construction at United Properties\u2019 Enterprise Business Center in Stapleton, Colo., in a deal negotiated by Newmark Grubb Knight Frank.<\/p>\n","protected":false},"author":1068,"featured_media":1004085313,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,1587,21808,21748,21742,15],"tags":[],"class_list":["post-1004085311","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-denver","category-featured","category-industrial","category-latest","category-west"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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