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StarPoint Properties will soon deliver Point Central Business Park, a 157,473-square-foot speculative industrial development in Denver.
The developer broke ground on the project in summer 2023. Clarion Partners provided $24.6 million in construction financing, according to CommercialEdge data.
Upon its completion in the second quarter, Point Central Business Park will encompass two Class A buildings totaling 74,618 square feet and 82,855 square feet. The development will feature approximately 2,358 square feet of office space,32-foot clear heights, 27 dock high truck doors, 8 drive-in doors and around 225 parking spaces.
Ware Malcomb designed the buildings to be able to accommodate occupier size ranges from 13,000 square feet to more than 157,000 square feet, suitable for a wide range of tenants.
Cushman & Wakefield Executive Managing Director Drew McManus and Senior Directors Bryan Fry and Ryan Searle will oversee leasing efforts for Point Central Business Park.
A central location
The 9.5-acre Point Central Business Park is taking shape at 1051 E. 73 Ave., in the Central Denver submarket. The development is close to the intersection of Route 36 and interstates 76, 270 and 25, allowing quick access across metro Denver. Due to its location in the Unincorporated Adams County, the industrial tenants will benefit from low sales tax rates.
Denver’s overall industrial vacancy remained flat at 7.0 percent in the final quarter of last year, according to a recent Cushman & Wakefield report. The metro became one of the most active over the past few years, ranking third place for industrial construction within the Western region, with 7.3 million square feet of industrial space underway as of January, CommercialEdge data shows.
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