{"id":1004645066,"date":"2023-02-13T00:34:55","date_gmt":"2023-02-13T08:34:55","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004645066"},"modified":"2023-02-13T23:47:27","modified_gmt":"2023-02-14T07:47:27","slug":"invesco-jv-scores-57-ksf-in-leases-at-denver-campus","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/invesco-jv-scores-57-ksf-in-leases-at-denver-campus\/","title":{"rendered":"Invesco JV Scores 57 KSF in Leases at Denver Campus"},"content":{"rendered":"
\"Central<\/a>

Building 1. Image by Virtuance, courtesy of CBRE<\/em><\/p><\/div>\n

The duo ownership between Confluent Development,<\/strong> project developer and co-owner, and Invesco Real Estate<\/strong>\u00a0has signed two leases totaling 57,055 square feet at Building 1 of Central Park Business Center, a Class A, two-building industrial park in Denver.<\/p>\n

Trimark <\/strong>is set to occupy 34,255 square feet at the property, while Lifetime Windows <\/strong>expanded its presence at the campus with an additional 22,800 square feet. The CBRE<\/strong> team comprising Senior Vice President Todd Witty, First Vice President Murray Platt and Vice Chairman Jim Bolt is overseeing leasing activity at the industrial park. The recently signed leases brought Building 1 to full occupancy.<\/p>\n

\n

READ ALSO<\/strong>: Industrial Sector to Maintain Winning Streak in 2023<\/a><\/p>\n

\n

Located at 9525 E. 40th Ave. and 9575 E. 40th Ave., the 246,631-square-foot Central Park Business Center came online last year. Both buildings incorporate front park\/rear loads, shared truck courts, four drive-in doors, as well as 29 dock-high doors and more than 140 auto parking spaces on each site. The properties also feature 28-foot clear heights.<\/p>\n

Shifting industrial leasing trends in Denver<\/h2>\n

Situated in the Airport submarket of Denver, the industrial park sits in an infill location, at the junction of Central Park Boulevard and East 40th Avenue, with a frontage along Interstate 70, being exposed to a daily traffic of 190,000 vehicles.<\/p>\n

The property offers connectivity to Interstate 25, downtown Denver and Denver International Airport. The park is also within walking distance of the Central Park light rail station, as well as a variety of nearby retailers, restaurants, coffee shops and a daycare center.<\/p>\n

CBRE reports that net absorption in Denver reached the fourth-highest level on record last year, with a positive absorption of approximately 5.1 million square feet. In contrast to 2021 absorption, which was primarily driven by large build-to-suit developments, last year’s activity was propelled by smaller tenants occupying spaces in speculative projects<\/a>, such as Central Park Business Center.<\/p>\n

The majority of activity in 2022 took place in the Denver Airport submarket, which recorded a substantial 3 million square feet of positive net absorption, more than half the metro’s total.<\/p>\n","protected":false},"excerpt":{"rendered":"

The deals brought one of two buildings to full occupancy.<\/p>\n","protected":false},"author":3030,"featured_media":1004645072,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,1587,21748,21742,15],"tags":[32789,33882],"class_list":["post-1004645066","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-denver","category-industrial","category-latest","category-west","tag-cbre","tag-invesco-real-estate"],"acf":[],"yoast_head":"\nInvesco JV Scores 57 KSF in Leases at Denver Campus - CPE<\/title>\n<meta name=\"description\" content=\"Confluent Development and Invesco Real Estate have signed two leases totaling 57,055 square feet at Central Park Business Center in Denver.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/invesco-jv-scores-57-ksf-in-leases-at-denver-campus\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Invesco JV Scores 57 KSF in Leases at Denver Campus\" \/>\n<meta property=\"og:description\" content=\"Confluent Development and Invesco Real Estate have signed two leases totaling 57,055 square feet at Central Park Business Center in Denver.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/invesco-jv-scores-57-ksf-in-leases-at-denver-campus\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2023-02-13T08:34:55+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-02-14T07:47:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/Building-1-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"900\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Raluca Toma\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/invesco-jv-scores-57-ksf-in-leases-at-denver-campus\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/invesco-jv-scores-57-ksf-in-leases-at-denver-campus\/\",\"name\":\"Invesco JV Scores 57 KSF in Leases at Denver Campus - CPE\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/invesco-jv-scores-57-ksf-in-leases-at-denver-campus\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/invesco-jv-scores-57-ksf-in-leases-at-denver-campus\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/Building-1-1.jpg\",\"datePublished\":\"2023-02-13T08:34:55+00:00\",\"dateModified\":\"2023-02-14T07:47:27+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/1e908d9381f3929d1d57f95e4db8c529\"},\"description\":\"Confluent Development and Invesco Real Estate have signed two leases totaling 57,055 square feet at Central Park Business Center in Denver.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/invesco-jv-scores-57-ksf-in-leases-at-denver-campus\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/invesco-jv-scores-57-ksf-in-leases-at-denver-campus\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/invesco-jv-scores-57-ksf-in-leases-at-denver-campus\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/Building-1-1.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/Building-1-1.jpg\",\"width\":1200,\"height\":900,\"caption\":\"Building 1. 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