DENVER (June 10, 2021) — United Properties, a commercial developer and investor with a successful track record developing industrial properties in the Denver metro area, has broken ground on their Trade@2534 industrial project. The 280,323-sq.-ft. Class A development, located at 4201 Ronald Reagan Blvd., is the developer’s third project in the 2534 master-planned community in Johnstown, Colo.
The project is part of a joint-venture partnership between United Properties and PCCP, a Los Angeles-based real estate investment and management firm, that plans to develop an 11-building industrial portfolio in Minneapolis, Denver and Austin.
The new industrial project will consist of three Class A buildings – Building 1 at 72,896 sq. ft., Building 2 at 145,008 sq. ft. and Building 3 at 62,419 sq. ft. Both Buildings 1 and 2 are now under construction, with an expected completion of spring 2022. Building 3 is available for build-to-suit with completion in late 2022. The three-building plan includes a variety of product designs with two front, park rear load buildings and a single cross-dock building that can accommodate space requirements from 15,000 to 145,008 sq. ft.
“We are seeing growing demand for industrial space in Northern Colorado, driven largely by the in-migration that the corridor has experienced over recent years,” said Megan Turner, vice president of development, United Properties. “Trade@2534 offers modern, functional space for companies to grow within a business-friendly community. We look forward to serving the tenants in this market with quality, Class A product.”
Trade@2534 is strategically located near the intersection of Interstate 25 and U.S. Highway 34 with close proximity to a variety of amenities, including retail, restaurants, offices, health care, housing and other services. Once finished, the buildings will provide 24’ and 28’ clear height and feature energy efficient, modern design, TPO 60-mil “Cool Roofs,” ESFR sprinkler systems and modern truck courts with significant car parking.
“The combination of Trade@2534’s best-in-class location, developer, design, and building quality, along with the entirely new to market cross-dock product makes this a very unique and exciting project,” said Ryan Schaefer, chief executive officer, NAI Affinity. “Trade@2534 is anticipated to lease up quickly due to the aforementioned qualities, in combination with accelerated demand from in-migration and increasing per capita usage of industrial space.”
Trade@2534 is United Properties’ third industrial project within the 2534 master-planned community. Most recently, a built-to-suit project for U.S. AutoForce was completed in 2019.
Project partners include Newmark and NAI Affinity.
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.
