{"id":1004651991,"date":"2023-03-16T03:07:19","date_gmt":"2023-03-16T11:07:19","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004651991"},"modified":"2023-03-16T03:07:21","modified_gmt":"2023-03-16T11:07:21","slug":"trammell-crow-clarion-finish-phase-1-of-metro-denver-industrial-park","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/trammell-crow-clarion-finish-phase-1-of-metro-denver-industrial-park\/","title":{"rendered":"Trammell Crow, Clarion Finish Phase 1 of Metro Denver Industrial Park"},"content":{"rendered":"
\"104th<\/a>

104th Commerce Park, Phase 1. Image courtesy of Trammell Crow Co.<\/em><\/p><\/div>\n

Trammell Crow Co.<\/strong> and joint venture partner Clarion Partners<\/strong> LLC have completed the 571,000-square-foot first phase of their 104th Commerce Park, a Class A industrial park in Commerce City, Colo., in metro Denver.<\/p>\n

The 89.6-acre property is on 104th Avenue, just east of the intersection of State Highway 85 and I-76.<\/p>\n

Phase 1 consists of two industrial buildings, of 272,700 and 298,300 square feet, with features including 32- to 36-foot clear heights, multiple truck docks, and on-site parking for vehicles, trailers and outside storage.<\/p>\n

Ground was broken<\/a> in September 2021. The full project plan calls for five Class A buildings totaling 1.2 million square feet.<\/p>\n

\n

READ ALSO<\/strong>: Top 5 Emerging Industrial Markets<\/a><\/p>\n

\n

The park\u2019s second phase is expected to begin as soon as this fall. Plans include three industrial buildings of 262,600, 193,400 and 132,400 square feet, as well as a yard area available for lease. The developers report that the park\u2019s zoning allows for a wide range of industrial and e-commerce uses, including outside yard capability and substantial trailer storage.<\/p>\n

The development team includes general contractor Murray & Stafford<\/strong>, architect Ware Malcomb<\/strong> and Langan Engineering<\/strong>.<\/p>\n

The CBRE <\/strong>industrial team of Tyler Carner, Jeremy Ballenger and Daniel Close is handling the park\u2019s marketing and leasing.<\/p>\n

Surging rents<\/h2>\n

In a prepared statement, Erik Hagevik, principal with Trammell Crow and head of the firm\u2019s Denver office, said, \u201cThe northeast I-76 corridor has continued to see strong demand for industrial space.\u201d<\/p>\n

Average industrial space rent in metro Denver jumped by 16.7 percent year-over-year in the fourth quarter, to $9.25 per square foot, triple net, according to a report from CBRE. That surge was driven in part by a 7.2 percent availability, resulting in turn from 11.2 million square feet of leasing in 2022.<\/p>\n

Earlier this month, a joint venture of Opus Group<\/strong> and Principal Real Estate Investors<\/strong> began construction on Sun Empire<\/a>, a 3.9 million-square-foot industrial park in Aurora, Colo. The two-building first phase of the 316-acre project is scheduled for completion early next year.<\/p>\n","protected":false},"excerpt":{"rendered":"

Upon completion, the new development will total 1.2 million square feet.<\/p>\n","protected":false},"author":882,"featured_media":1004652021,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1587,21782,21808,21748,21742,15],"tags":[32789,32790,32893,34936],"class_list":["post-1004651991","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-denver","category-development","category-featured","category-industrial","category-latest","category-west","tag-cbre","tag-clarion-partners","tag-trammell-crow-company","tag-ware-malcomb"],"acf":[],"yoast_head":"\nTrammell Crow, Clarion Finish Phase 1 of Metro Denver Industrial Park - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Trammell Crow Co. and Clarion Partners have completed the first phase of 104th Commerce Park, a Class A industrial park in metro 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\/trammell-crow-clarion-finish-phase-1-of-metro-denver-industrial-park\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Trammell Crow, Clarion Finish Phase 1 of Metro Denver Industrial Park\" \/>\n<meta property=\"og:description\" content=\"Trammell Crow Co. and Clarion Partners have completed the first phase of 104th Commerce Park, a Class A industrial park in metro Denver.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/trammell-crow-clarion-finish-phase-1-of-metro-denver-industrial-park\/\" \/>\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=\"2023-03-16T11:07:19+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-03-16T11:07:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/03\/104th-Commerce-Park-Phase-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"808\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Scott Baltic\" \/>\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\/trammell-crow-clarion-finish-phase-1-of-metro-denver-industrial-park\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/trammell-crow-clarion-finish-phase-1-of-metro-denver-industrial-park\/\",\"name\":\"Trammell Crow, Clarion Finish Phase 1 of Metro Denver Industrial Park - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/trammell-crow-clarion-finish-phase-1-of-metro-denver-industrial-park\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/trammell-crow-clarion-finish-phase-1-of-metro-denver-industrial-park\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/03\/104th-Commerce-Park-Phase-1.jpg\",\"datePublished\":\"2023-03-16T11:07:19+00:00\",\"dateModified\":\"2023-03-16T11:07:21+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/61ac1450f3ffaa0e850b834c28526555\"},\"description\":\"Trammell Crow Co. and Clarion Partners have completed the first phase of 104th Commerce Park, a Class A industrial park in metro Denver.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/trammell-crow-clarion-finish-phase-1-of-metro-denver-industrial-park\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/trammell-crow-clarion-finish-phase-1-of-metro-denver-industrial-park\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/trammell-crow-clarion-finish-phase-1-of-metro-denver-industrial-park\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/03\/104th-Commerce-Park-Phase-1.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/03\/104th-Commerce-Park-Phase-1.jpg\",\"width\":808,\"height\":600,\"caption\":\"104th Commerce Park, Phase 1. Image courtesy of Trammell Crow Co.\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/trammell-crow-clarion-finish-phase-1-of-metro-denver-industrial-park\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Trammell Crow, Clarion Finish Phase 1 of Metro Denver Industrial Park\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/61ac1450f3ffaa0e850b834c28526555\",\"name\":\"Scott Baltic\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/06\/Scott.jpg?w=96\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/06\/Scott.jpg?w=96\",\"caption\":\"Scott Baltic\"},\"description\":\"Scott Baltic has been a contributing editor with Commercial Property Executive since 2011 and also wrote for its predecessor, Commercial Property News. He started writing about CRE in 1988 for a group of Chicago-based publications and in 1989 became the editor of Midwest Real Estate News. After moving on from there in 1991, Baltic continued writing occasionally about real estate, for publications like the Chicago Sun-Times, National Real Estate Investor, Urban Land, Shopping Center World and Architect\u2019s Newspaper. He earned a master\u2019s in journalism from Northwestern University\u2019s Medill School of Journalism and has a bachelor\u2019s from North Park University.\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/scott-baltic\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Trammell Crow, Clarion Finish Phase 1 of Metro Denver Industrial Park - Commercial Property Executive","description":"Trammell Crow Co. and Clarion Partners have completed the first phase of 104th Commerce Park, a Class A industrial park in metro Denver.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/trammell-crow-clarion-finish-phase-1-of-metro-denver-industrial-park\/","og_locale":"en_US","og_type":"article","og_title":"Trammell Crow, Clarion Finish Phase 1 of Metro Denver Industrial Park","og_description":"Trammell Crow Co. and Clarion Partners have completed the first phase of 104th Commerce Park, a Class A industrial park in metro Denver.","og_url":"https:\/\/www.commercialsearch.com\/news\/trammell-crow-clarion-finish-phase-1-of-metro-denver-industrial-park\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2023-03-16T11:07:19+00:00","article_modified_time":"2023-03-16T11:07:21+00:00","og_image":[{"width":808,"height":600,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/03\/104th-Commerce-Park-Phase-1.jpg","type":"image\/jpeg"}],"author":"Scott Baltic","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/trammell-crow-clarion-finish-phase-1-of-metro-denver-industrial-park\/","url":"https:\/\/www.commercialsearch.com\/news\/trammell-crow-clarion-finish-phase-1-of-metro-denver-industrial-park\/","name":"Trammell Crow, Clarion Finish Phase 1 of Metro Denver Industrial Park - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/trammell-crow-clarion-finish-phase-1-of-metro-denver-industrial-park\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/trammell-crow-clarion-finish-phase-1-of-metro-denver-industrial-park\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/03\/104th-Commerce-Park-Phase-1.jpg","datePublished":"2023-03-16T11:07:19+00:00","dateModified":"2023-03-16T11:07:21+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/61ac1450f3ffaa0e850b834c28526555"},"description":"Trammell Crow Co. and Clarion Partners have completed the first phase of 104th Commerce Park, a Class A industrial park in metro Denver.","breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/trammell-crow-clarion-finish-phase-1-of-metro-denver-industrial-park\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/trammell-crow-clarion-finish-phase-1-of-metro-denver-industrial-park\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/trammell-crow-clarion-finish-phase-1-of-metro-denver-industrial-park\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/03\/104th-Commerce-Park-Phase-1.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/03\/104th-Commerce-Park-Phase-1.jpg","width":808,"height":600,"caption":"104th Commerce Park, Phase 1. Image courtesy of Trammell Crow Co."},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/trammell-crow-clarion-finish-phase-1-of-metro-denver-industrial-park\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Trammell Crow, Clarion Finish Phase 1 of Metro Denver Industrial Park"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/61ac1450f3ffaa0e850b834c28526555","name":"Scott Baltic","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/06\/Scott.jpg?w=96","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/06\/Scott.jpg?w=96","caption":"Scott Baltic"},"description":"Scott Baltic has been a contributing editor with Commercial Property Executive since 2011 and also wrote for its predecessor, Commercial Property News. He started writing about CRE in 1988 for a group of Chicago-based publications and in 1989 became the editor of Midwest Real Estate News. After moving on from there in 1991, Baltic continued writing occasionally about real estate, for publications like the Chicago Sun-Times, National Real Estate Investor, Urban Land, Shopping Center World and Architect\u2019s Newspaper. He earned a master\u2019s in journalism from Northwestern University\u2019s Medill School of Journalism and has a bachelor\u2019s from North Park University.","url":"https:\/\/www.commercialsearch.com\/news\/author\/scott-baltic\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/03\/104th-Commerce-Park-Phase-1.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004651991","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/882"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004651991"}],"version-history":[{"count":10,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004651991\/revisions"}],"predecessor-version":[{"id":1004652026,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004651991\/revisions\/1004652026"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004652021"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004651991"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004651991"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004651991"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}