First Industrial acquires 17 acres in Denver, CO for development of new 199,500 SF Class A industrial facility

Cushman & Wakefield announced that First Industrial Realty Trust, Inc. has purchased a 17-acre development site in Commerce City (Denver), Colorado. First Industrial plans to construct a brand new 199,500-square-foot Class A state-of-the-art industrial warehouse/distribution facility to be known as First 76 Logistics Center. The project is strategically located at 8000 E 96th Ave immediately off Interstate 76 in Denver’s highly active I-76 submarket.

Cushman & Wakefield’s Drew McManus, SIOR, Ryan Searle and Bryan Fry were retained by First Industrial to perform leasing for the new development, working with John Strabel, First Industrial’s senior regional director and market leader for Denver. The Cushman & Wakefield team also represented the seller in the land sale. 

First 76 Logistics Center is aiming to break ground in early 2022, with an estimated completion in mid-2023.

“First 76 Logistics Center will be an exceptional addition to Denver’s sought-after I-76 corridor submarket while fulfilling the modern needs of today’s industrial, logistics and distribution users,” said Ryan Searle. “This site presented a great and unique opportunity to develop an infill site with tremendous regional access.”

Drew McManus, SIOR, Executive Director added, “The property provides excellent transportation access for businesses looking for convenient and efficient distribution channels, as well as access to a large pool of highly skilled labor from Commerce City, Aurora, Denver, and the surrounding areas.”

First 76 Logistics Center offers heavy industrial zoning, ample trailer parking or outside storage, and easy access to I-76. The new facility will feature 150-feet truck court, 286 auto stalls and 45 trailer stalls, 32-feet clear height, 62 dock-high doors and 2 drive-in ramps, ESFR sprinklers, and LED lighting.

Located just 0.3 miles from I-76 and with no traffic signals, First 76 Logistics Center will be built on one of the most accessible sites in Commerce City. The property is also close to I-25, E-470 and I-70 and proximate to the Denver International Airport and Downtown Denver.

“First Industrial is pleased to add this well-located development site which positions us to meet additional tenant demand and grow our regional portfolio,” said John Strabel. “Denver’s I-76 corridor has been experiencing strong momentum from logistics customers seeking to operate in this submarket to serve the growing local population.”