Colorado-Real-Estate-Journal_453183

INSIDE 14 6 FEATURED CONTENTS APRIL 2-15, 2025 Office 6 Industrial 12 Multifamily 14 Retail 18 Finance 24 Law & Accounting 29 CDE News 31 Who's News 41 12 Work club concepte Switchyards expands out of Southeast with Denver location Lease expansion Microsemi Corp. increases Boulder footprint to 45,000 square feet Apartment preleasing Confluence Communities starts preleasing efforts for The Emerson by Avalon Jacka MONUMENT – A joint ven- ture began construction on a Class A industrial develop- ment in southwest Monument. VanTrust Real Estate and partner CP Real Estate Capital broke ground on Falcon Com- merce Center, a two-building, 363,955-square-foot develop- ment designed for industrial, warehouse and distribution purposes, on 23 acres at the intersection of Squadron and Terrazzo drives. Harris Archi- tects Inc. is serving as the proj- ect architect, and Brinkmann Constructors is serving as the general contractor. The project represents VanTrust’s entrance to the Colorado market. “We are thrilled to announce Falcon Commerce Center as our first venture in Colorado,” said VanTrust Vice President of Development Andy Crim- mins. “Colorado Springs’ burgeoning business climate made it an attractive market. Breaking ground on these Class A facilities is the first step in what is sure to be a bright future ahead at Falcon Commerce Center.” “We value our partnership with VanTrust, JLL and NAI Highland Commercial on this project and look forward to the positive impact Falcon Com- merce Center will have on the community of Monument,” added CP Real Estate Capital partner Tom Blunk. Falcon Commerce Cen- ter will be comprised of the 249,633-sf Building A and the 114,322-sf Building B. Building A will be the first cross-dock speculative facility in the great- er Colorado Springs market, featuring two 130-foot truck courts, 32-foot clear height, 32 dock-high doors, and four drive-in doors. Building B will include a rear-load dock with a 130-foot truck court, eight dock-high doors, two drive-in doors and 28-foot clear height. Both buildings will include ESFR sprinklers; 3,000-amp, VanTrust Real Estate enters Colorado market by Avalon Jacka WHEAT RIDGE – The developer of a new dining and entertainment desti- nation at the Clear Creek Crossing development has broken ground on the proj- ect. Evergreen Devco Inc. began grading work on The Lookout at Clear Creek Crossing, located adjacent to the new Intermountain Health Lutheran Hospital, southwest of the Interstate 70-state Highway 58 inter- change. The 4.76-acre proj- ect is situated on the south- western portion of the Clear Creek Crossing mixed-use development. “There’s a strong need and desire to have local tenants that are on this west side, and not just a space that has a regional draw and is a convenient location, but has unique attributes,” said Heather Wiseman, Ever- green Devco senior vice president of leasing. “[The Lookout] really allows fami- lies to come together, bike over and enjoy a day in the park and grab some food and have space that’s not just catering to one demo- graphic, but really to cou- ples and families and kids and everyone that lives in and works in the area.” “The Lookout at Clear Creek Crossing represents exactly the kind of thought- ful, community-focused development that Wheat Ridge needs,” said Wheat Ridge City Manager Patrick Goff. “This project will cre- ate a vibrant gathering place that enhances our city’s appeal while providing sig- nificant economic benefits.” Evergreen Devco acquired the site for The Lookout and Clear Creek Crossing, which is comprised of 560 apart- ments across two complet- ed communities, over two phases in 2016. Construction of The Lookout is expected to be completed later this year. “What’s special about [this site] is its location as a jumping-off point that’s super convenient between the Denver metro area,” Wiseman said. “It’s right on the way from DIA out to Summit County. We really loved that location, the easy access, the visibility, and the ability to capitalize on Evergreen’s various differ- ent product types [nearby].” The Lookout at Clear Creek Crossing will feature a U-shaped design to frame views of Lookout Mountain and the foothills to the west, Evergreen Devco builds The Lookout Please see VanTrust, Page 16 Please see Evergreen, Page 8 Falcon Commerce Center will include two industrial buildings totaling 363,955 square feet on 23 acres at the West Baptist Road exit off Interstate 25. Evergreen Devco Inc. started grading work on the 4.76-acre Lookout at Clear Creek Crossing develop- ment, located southwest of the Interstate 70-state Highway 58 interchange. 18 Entry to Colorado Woods Market expands out of Missouri with Johnstown store