Centennial to get 55-acre business park
BY PETER JONES
NEWS EDITOR
In the latest of several newly announced industrial developments, Colorado-based Central Development has bought 25 acres in Centennial for a planned 55-acre business park.
Encompass Business Park will be located between East Arapahoe Road and East Fremont Road near the Denver Broncos’ headquarters, on South Blackhawk Street.
“It’s a great infill site,” Central Principal Jeremy Records said. “It’s really a job-creation site. The amenities around the site are incredible. That’s what we like most about it. It’s for the most part a shovel-ready site.”
The property was purchased from Jordan-Arapahoe for $4.5 million.
Records expect tenants to run the gamut from research and development and laboratories to light manufacturing and product distribution.
The first phase of the development will be a 150,000-square-foot industrial building, the first of several expected similar spaces within the development. Groundbreaking on the building is expected later this month with completion slated for late spring or early summer of next year.
The industrial focus will allow tenants necessary storage space, Records added.
“Manufacturers that require silos or whatnot, that is allowed in this park as well,” he said.
The intention is for the remaining 30 acres to be purchased at a later date, according to Newmark Grubb Knight Frank, the commercial real estate company that has overseen the transaction.
