Denver, CO
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Trammell Crow Company and PCCP inked a massive lease deal for a suburban Denver industrial complex that just began construction.
The development giants landed an undisclosed tenant for a full building at Crossroads 25, a 76-acre industrial complex in Thornton set to encompass roughly 1.1 million square feet once complete, the Denver Business Journal reported.
At nearly 410,000 square feet, the deal marks the largest industrial lease in the Denver area since 2024.
Trammell Crow and PCCP purchased the land, at the northeast corner of Interstate 25 and E-470, from an affiliate of Omaha, Nebraska-based Noddle Companies for $18.9 million. Noddle purchased it in 2020 as part of a nearly 200-acre land acquisition for $19.5 million.
The development will eventually span 1.1 million square feet of industrial space. The first phase consists of 828,000 square feet across four buildings. The recent lease brings the four-building phase one to 49 percent leased.
CBRE’s Tyler Carner represented Noddle in the land sale.
The Denver metro’s industrial market had a direct vacancy rate of 9.3 percent in the first quarter, according to JLL. More than 4 million square feet was under construction, and absorption was negative after hefty completions last year.
The first four buildings in Crossroads 25 are expected to be delivered in the third quarter of next year. The complex is projected to be fully complete in 2030.
The previous industrial lease record in the Denver metro area was held by Georgia-based third-party logistics company BroadRange Logistics, which signed a long-term lease for more than 1.1 million square feet at the 76 Commerce Center industrial complex in Brighton. That property’s landlord, Hyde Development, filed suit against BroadRange last week, claiming the logistics firm defaulted on its leases, and Hyde is seeking more than $32 million in damages.
— Chris Malone Méndez
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Denver’s City Park lost a special piece of history when its bandshell was destroyed by a fire in March. Now, the city says it’s moving forward with rebuilding it.
The original bandstand was constructed in 1896 and has seen a few iterations over the years. It was replaced in 1924, and a replica was constructed on the site in 1984.
Although the structure itself has been replaced, the site has been home to community gatherings, events, concerts and celebrations for the past 130 years. City Park Jazz hosts jazz concerts at the bandshell every week over the summer.
DPR says it holds an important place in local history, and the city has begun the process of rebuilding it.
The recent fire heavily damaged the structure, and a structural assessment found that what remains is not salvageable, DPR explained.
They’ve contracted Mundus Bishop to lead the design for the new bandshell. The city says it’s working to raise the $250,000 needed to cover the insurance deductible and to support construction of the new structure.
City officials say demolition will begin in the fall and that construction of the new bandshell will start by the end of the year. They hope to open it in time for the 2027 CityPark Jazz season.
The city wants the community’s feedback on the new design, and is holding a pop-up event on June 28 to introduce the design team and to share project updates. They invite the community to ask questions and offer input as the project progresses.
More information on the project is available on the city’s website.
DENVER (KDVR) — Afternoon thunderstorms brought hail on Monday afternoon, larger than a quarter in some areas.
Thornton, Wheat Ridge and Arvada were among the communities hit with hail. A line of storms moved from the foothills through the Denver metro area and out to the Eastern Plains.
A Pinpoint Weather Alert Day had been issued for Monday, and a tornado watch was issued for the metro and much of northeast Colorado until 9 p.m.
Hail photos shared with FOX31 are in the gallery below. Shared your photos, and they may be used on TV and featured in the gallery.
The gallery will be updated as new photos are sent in. Check back for the latest images.
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