AURORA, COLORADO (Oct. 16, 2024) — United Properties is pleased to announce the acquisition of 129.26 acres of prime industrial land in Aurora, Colorado. The site will be developed as the Aero 70 industrial complex, located adjacent to the future interchange of Aerotropolis Parkway, a new major arterial roadway, and Interstate 70. United Properties closed on the property on Oct. 16.
“United Properties immediately recognized the potential of the Aero 70 industrial park property,” says Jim Bolt, vice chairman, CBRE. “Adjacent to the highly successful Park 70 development, the future development on the Aero 70 site will offer state-of-the-art industrial buildings available for lease and purchase, as well as land sites for sale, all with excellent visibility, toll-free access and unique highway access through the new Aerotropolis Boulevard interchange off I-70.”
The development of Aero 70 will occur in two phases:
Phase I: Industrial development
The first phase will deliver two 400,000-sq.-ft. cross-dock industrial buildings, divisible from 100,000 sq. ft. and up. These buildings will feature abundant trailer parking, exceptional highway visibility and direct access to the new interchange.
“We expect Phase I to deliver in late 2025, which aligns with market demand,” says Todd Witty, senior vice president, CBRE. “This timing coincides with the projected need for additional new industrial supply in the Denver area. We’ve seen increased demand from large occupiers in 2024, positioning the market for growth in 2025.”
Phase II: Future development
Phase II will develop an additional 65.73 acres, conceptually designed to accommodate up to 1.1 million sq. ft. of cross-dock space, with flexibility for future expansion depending on market conditions.
Strategic location and vision
“We are excited to expand our footprint in the dynamic Denver market,” says Mindy Rietz, vice president, commercial development, United Properties. “With its prime location near key transportation hubs, Aero 70 offers an unparalleled opportunity for businesses seeking easy access to the airport and the broader Denver region.”
The site is also within a designated Opportunity Zone and Enterprise Zone, which offers significant economic incentives for future tenants and potential tax savings for owners.
Phil Cattanach, executive vice president, commercial development, United Properties, adds, “The Aero 70 development results from a multi-year collaboration involving numerous stakeholders. The project will significantly enhance transportation infrastructure in the area, creating a critical throughway to Denver International Airport and becoming a prominent fixture along I-70. Aero 70 continues United Properties’ long history of industrial development in the Denver metropolitan area, totaling over 3.5 million sq. ft. to date. We have had tremendous success with industrial development in Denver, and we have additional industrial development sites in our pipeline.”
Sustainability features
In line with United Properties’ commitment to sustainability, the Aero 70 project will include pre-installed conduits for electric vehicle (EV) charging stations, low-water landscaping, increased structural roof loads for future solar installation and clerestory windows to maximize natural light.
The development will utilize ENERGY STAR Portfolio Manager and Conservice ESG software to monitor energy, water and waste consumption, ensuring ongoing sustainability performance.
Key project partners
• General contractor: Brinkmann Constructors is responsible for site work, infrastructure and core/shell delivery.
• Leasing: Todd Witty (todd.witty@cbre.com), Daniel Close (daniel.close@cbre.com) and Jim Bolt (james.bolt@cbre.com) with CBRE are actively marketing both phases for pre-leasing opportunities.
For more information on the Aero 70 development, contact United Properties or CBRE.
###
About United Properties
United Properties has been creating deep roots in the commercial real estate industry for more than 100 years. The company imagines new possibilities in real estate to help enrich communities and create lasting legacies. United Properties provides market expertise for ground-up development, redevelopment and acquisitions of value-add and stable investments. The company invests in and develops office, industrial, retail, mixed-use and senior housing properties. United Properties is owned by the Pohlad Companies and is headquartered in Minneapolis, with offices in Denver and Austin, Texas.
