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Industrial Park Offers New Tenants Flexibility & Space to Grow The momentum continues at Encompass Business Park (http://encompasspark.com/) in Centennial, Colorado. Central Development is excited to share the news that Encompass 53, the fifth of six planned buildings, is now fully tilted, with multiple tenants showing interest. In addition, Encompass 150 (completed in 2018) is…

Central Development is thrilled to announce the groundbreaking at Encompass 53, the fifth of six buildings planned at Encompass Business Park (http://encompasspark.com/) in Centennial. The 4.04-acre, 53,200-square-foot industrial build-to-suit warehouse is being constructed by award winning general contractor Alcorn Construction and marketed by Colliers International brokers T.J. Smith, Cody Sheesley and Nick Rice. Encompass Business…

Denver’s regulations regarding development are holding back investment into the city, especially in a gloomy economic environment, developers said at Bisnow’s Mile High Construction and Development event June 5. “It’s no secret that capital markets have been very constrained,” said Mark Beal, vice president of construction operations at Ryan Cos. “We have been increasingly selective…

by Avalon Jacka MONUMENT – Preleasing has begun at a new retail showroom development in the northern Colorado Springs metro area. Leasing efforts at The Rock Commerce Center, located at 19165 Monument Hill Road, are being led by Randy Churchill Dowis and Paul Engel of NAI Highland. The 163,800-square-foot tilt-up concrete structure, developed by Central…

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Strong Performance Reflects Prime Product Fit in a Robust Industrial Submarket Denver-based Central Development is celebrating an important milestone in the history of any new development: 950 Vapor Trail, a speculative 58,500 SF industrial building located in the booming Colorado Springs Airport (COS) area, is now fully leased. The rapid lease-up of the build-to-suit at Aerotech Commerce Center –…

By Rich Laden rich.laden@gazette.com INDUSTRIAL The industrial market remained arguably the strongest segment of the Springs’ commercial real estate market over the last two years, industry experts say. Quantum Commercial’s fourth-quarter report shows the vacancy rate for industrial buildings dipped to 5% by the end of 2021; the rate has declined by roughly 1 percentage…

Central Development recently celebrated the groundbreaking at Encompass 171, the fourth building at Encompass Business Park in Centennial. The 171,600-square-foot industrial warehouse building is being built by award-winning general contractor Alcorn Construction and marketed by industrial broker T.J. Smith at Colliers International. Encompass has the most momentum of any park in the area. Established in 2017, the 62-acre mixed-use infill industrial park…

Multifamily Properties Quarterly The short- and long-term effects of the COVID-19 pandemic on the multifamily sector will be felt long past 2020, as renters come to terms with our changed world. In fact, it’s highly likely that apartment hunting will never go back to “normal.” As people’s priorities, budgets, lifestyles and working habits have changed,…