Cale Enterprises Breaks Ground on Mountain Gateway New Class A Industrial Development
31 1 2020
CBRE announced today that Cale Enterprises has broken ground on Mountain Gateway, a two-building industrial park in Arvada totaling 142,180 square feet, expected to be completed in Q3 2020. The project will be the largest speculative industrial project built in Denver’s supply-constrained west submarket in over 15 years, where only 370,500 square feet of speculative warehouse/manufacturing facilities have been delivered since 2000.
“We hear from many industrial users that they want to stay in the west Denver metro, but options for new Class A space have been severely limited. Mountain Gateway is a much-needed additionthat will appeal to companies looking to upgrade their operations and attract and retain employeesthroughnew construction, Class A amenities, mountain views and convenient access to transit. With space divisible down to 10,000 square feet, we expect to see interest from distribution companies, engineering firms, manufacturers and a variety of office/warehouse users,” said Tyler Carner of CBRE, who along with his partner Jeremy Ballenger is marketing Mountain Gateway for lease.
Cale Enterprises first announced the development in September 2018. The Los Angeles-based real estate developer, owner and investor specializes in industrial, residential and mixed-use properties.
“We are very excited for the opportunity to enter the Denver market. For Cale Enterprises, Mountain Gateway represents the first of many projects to come in the region,"said Trey , who is managing the project locally for Cale Enterprises.
Mountain Gateway will be built with concrete tilt-up construction, Class A finishes, 20 dock-high doors, 11 drive-in doors, 24-foot clear heights, an ESFR fire protection system, office space to suit and 290 parking spaces. Building 1 will be 59,710 square feet while Building 2 will be 82,470 square feet when completed.
The project is located at West Ridge Road and Robb Street, about one mile from Interstate 70 and a 10-minute walk from the RTD’s G-Line via the Wheat Ridge-Ward Station, a 25-minute ride to Union Station.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2021 revenue). The company has more than 105,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.