Colorado-Real-Estate-Journal_398115

Page 10 - May 1-14, 2024 www.crej.com Industrial by Avalon Jacka PUEBLO – A licensed gen- eral contractor specializing in industrial construction and plant maintenance acquired a new fabrication facility next to its Pueblo office. Industrial Constructors/ Managers Inc. purchased the building at 1440 Stockyard Road for an undisclosed price to expand its pipefitting capac- ity. ICM purchased the property in a direct deal with seller carry from Rogge Enterprises LLC. The building includes 5,200 square feet of office and man- agement space and 10,500 sf for indoor fabrication, as well as 2.5 acres of yard space to store materials and equipment. The building, constructed in 1974, was previously occupied by a crane supplier. “High-quality pipe fabri- cation and installation is an industrial service that ICM has always excelled at; however, it was difficult to keep up with market demand given that we didn’t have a dedicated space built exclusively for prefabri- cation,” said ICM President Ed Myers. “Buying the land and building next door to our current office and steel fabrica- tion shop allows us to vastly increase our scope of our work, from both a materials and labor standpoint, helping to expand yet also streamline how we deliver on projects.” The new pipe fabrication shop is situated on 3 acres of land and can handle up to 48-inch diameter piping. ICM has employed approximately 10 full-time pipefitters, who are proficient at handling a wide variety of materials, including stainless steel, which is consid- ered a more difficult material to fabricate and install, according to a statement from ICM. Roughly 35% of ICM’s process piping jobs are now being pre- fabricated at the shop. Prefabri- cation is the preferred method of building pipe because it is done in a controlled environ- ment, free from weather and other external factors that can otherwise delay a project. Headquartered in Pueblo, ICM also has an office in Com- merce City. The company pro- vides design-build; steel fabri- cation and erection; equipment installation; pre-engineered metal structure development; plumbing and pressure piping; machining; concrete and plant shut-down; and installation to a wide variety of industries. Other News n GOLDEN – The launch of a new product line spurred the expansion of manufacturing space belonging to a manufac- turer of premium-grade, pop- up truck campers. Golden-based Supertramp Campers will now occupy 17,400 square feet after expand- ing into an adjacent, 3,954-sf space within Corporate Center, located at 720 Corporate Cir- cle. Supertramp also expanded from its original 7,446-sf space last year, adding 6,000 sf. The 14-building, 600,000-sf Corpo- rate Center business commu- nity is owned by St. John Prop- erties Inc. St. John Properties’ Vince Furfaro represented the landlord, and Marc Feldman of Hughes Marino represented the tenant in the transaction. “The flex/R&D building suits our manufacturing needs given its high ceilings and massive 18-by-20-foot garage doors, which allow us to easily move materials in and finished prod- ucts out,” said Supertramp president Kelsey Panich. “St. John Properties’ Corporate Center provides a pleasant and functional working environ- ment that has contributed to our success.” Supertramp’s space includes manufacturing, storage and office space. The property is located near the Interstate 70-C- 470 interchange and is close to West Sixth Avenue and West Colfax Avenue, offering con- nectivity to the Denver metro area and Denver International Airport. The expansion coincides with Supertramp’s addition of the Megatron camper to its product line. The manufacturer plans to produce approximately seven Megatron campers this year before ramping up production to four units per month next year. n ENGLEWOOD – New- mark brokered two new indus- trial leases at 14 Inverness Drive East. Newmark’s Keith Bell rep- resented the landlord, BKM Inverness 226 LLC, in both leases. The park offers monu- ment signage, 12-foot ware- house clear height, dock-high and drive-in loading, and a parking ratio of 2.5:1,000 sf, according to a LoopNet listing. Bad Ry Solutions LLC leased 1,936 sf in Building A. Lance Sommerville of EXP Commer- cial LLC was the tenant rep- resentative in the lease trans- action. Bad Ry Solutions will operate its space for office and warehouse use for online retail. Centrepoint Support Liv- ing leased 1,131 sf in Building D. Cheryle Powell of Rocky Mountain Commercial Asso- ciates represented the tenant. Centrepoint is a Home and Community Based Services service provider offering sup- port for children and adults with intellectual developmen- tal disabilities. s ICM buys pipe fabrication facility next to its Pueblo office east Colorado Springs, Stratmoor, Stratmoor Hills, Stratton Mead- ows and Security-Widefield. Adam Schlosser of Marcus & Millichap’s Denver office and Keith Phillips of Marcus & Millichap’s Encino, Califor- nia, office represented the seller, which is based out of Southern California. Schlosser and Phil- lips also secured the buyer. “We continue to receive strong interest on self-storage assets in growing secondary markets like Colorado Springs and across the county,” Schloss- er said. SmartStop operates a port- folio of 196 owned or man- aged properties in 22 states and Canada with approximately 138,100 units and 15.6 million rentable sf. s SmartStop Continued from Page 1 sets OcuLenz and ORLenz. Spectrum AMT will add a total of 10,000 sf to its 20,000-sf facility at 3855 Interpark Drive, built in 1994. The expansion is expected to be delivered by the end of the year by Colo- rado Springs-based general contractor Meyer Innovations. The additional space will accommodate a new, 3,000-sf segregated clean room facil- ity. The company will con- solidate all of its wiring and harnessing processes for deep space into the new clean facil- ity, which will be reserved for those purposes. Spectrum AMT also pur- chased a 12,000-sf building next door at 3875 Interpark Drive, specifically dedicated to manufacturing and assem- bly spaces. Spectrum will add a 2,500-sf bump-out for a new showroom and offices and an additional 2,500 sf on the second floor for office space. Built in 2011, the facility will undergo a complete remodel of the inside to convert it to clean manufacturing with ISO 8-100,000 optical clean rooms to produce OcuLenz and ORLenz headsets and Stereo- Lenz “glasses-free” 3D moni- tors. NAI Highland LLC’s John Onstott and Mike Suggs represented the undisclosed seller in the sale. Spectrum AMT was self-represented by Michael Freeman – executive chairman of Spectrum AMT and CEO of Spectrum’s parent company, Ocutrx Technologies – and Spectrum AMT’s law- yers. The company received “attractive incentives to expand in Colorado” from several local groups, Freeman said. The Colorado Economic Development Commission approved up to $1.28 million in a performance-based Job Growth Incentive Tax Credit for Spectrum AMT over an eight-year period. The job growth incentive helped with the purchase of the new manufacturing complex. The tax credit is contingent on Spectrum AMT meeting net new job creation and salary requirements. The Colorado Springs Chamber and EDC also facilitated a local incen- tive package with the city and El Paso County valued at $275,496. Spectrum AMT also received financing from 5Star Bank, a local, commu- nity-owned bank that sup- ports Department of Defense contractors working with the Army, Air Force, Navy, Space Force and NASA. The news was announced at April’s Space Symposium in Colorado Springs by Gov. Jared Polis, Colorado Springs Mayor Yemi Mobolade and the Global Business Develop- ment Division of the Colorado Office of Economic Develop- ment and International Trade. “[Spectrum AMT’s] deci- sion to expand here is a tes- tament to our city's skilled workforce and vibrant busi- ness environment,” Mobolade said. “Furthermore, it show- cases the incredible poten- tial of Colorado Springs as a city for business retention, growth and advancement. We look forward to continuing our partnership long into the future with their groundbreak- ing AR/XR technology that will continue to bring high- paying jobs and millions of economic investments into our community.” “This new investment will help Colorado remain the best place to live, work and do business,” Polis added. Polis also highlighted the creation of 100 “good-paying jobs” coming to Colorado Springs. The new jobs will have an average annual wage of $85,407, which is 135% of the average annual wage in El Paso County, a statement from OEDIT said. Polis noted Colorado is a “leader” in advanced manufac- turing. Colorado’s aerospace and defense industry employs more than 240,000 people in Colorado and contributes more than $16 billion to the state economy every year, according to OEDIT Executive Director Eve Lieberman. Spectrum AMT, which has only one location, considered expansion in U.S. markets where parent company Ocu- trx has offices and facilities, including its Midwest Research Center in Tulsa, Oklahoma; its Innovation Center in Southern California; and its sales offices in Silicon Valley in Northern California. Spectrum AMT also considered expansion in Ari- zona. The company provides prod- uct development and manu- facturing services for aero- space, medical, industrial and commercial marketplaces. The company has produced elec- tronic assemblies for several NASA missions and assem- blies for the Goddard Space Flight Center for multiple tele- scopes. s Spectrum Continued from Page 8