July 7, 2021 9:30 AM
Newmark announces the groundbreaking of Phase I of HUB Arapahoe–a 304,172-square-foot, 22-acre industrial warehouse campus development 1.5 miles east of I-25 at Arapahoe Road. HUB Arapahoe, which is owned and developed by Jordon Perlmutter & Co., will be the closest new generation warehouse development to the Denver Tech Center.
“We are excited to break ground on HUB Arapahoe and meet the market’s demand for modern and highly functional last-mile warehouse space in Southeast Denver. The project’s strategic location, surrounded by some of the best demographics in the Denver metro, will be attractive to a wide variety of businesses and users,” said Sean Perlmutter, Partner at Jordon Perlmutter & Co. “This investment reflects our commitment to positively impact the region and local economies.”
The first phase of HUB Arapahoe includes the construction of two Class A buildings measuring 72,743 and 79,343 square feet located at 11233 and 11243 East Caley Avenue, respectively. The buildings, which will be offered for lease or sale, feature 24’ foot ceiling height, 10’ floor-to-ceiling windows, dock-hi and drive-in loading, office finish, on-building signage and will allow for flexible divisibility.
Newmark Executive Managing Directors David Lee and Jason Addlesperger are the exclusive agents; Murray & Stafford Inc is the general contractor and Ware Malcomb is the project architect.
“As the closest new generation warehouse delivery to the DTC and with direct access to I-25 at Arapahoe Road, the development is very well situated in proximity to numerous services and attractive to a multitude of businesses,” said David Lee. “The market’s demand for industrial space continues to increase as e-commerce is at an all-time high and companies continue to expand for last-mile delivery.”
About Jordon Perlmutter & Company
Jordon Perlmutter & Company is one of the foremost, private real estate development firms in the Rocky Mountain region, and the Perlmutter name is behind many of Denver’s most outstanding real estate developments. Throughout its history, Jordon Perlmutter & Company has been the developer and property manager of over eight million square feet of commercial projects and 22,000 single and multi-family units. The company’s projects have included several regional malls, high quality outdoor shopping centers, office buildings, industrial business parks, and apartment complexes.
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries (“Newmark”), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Our comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, growing startups to leading companies. In 2020, Newmark generated revenues in excess of $1.9 billion. Newmark, together with London-based partner Knight Frank and independently owned licensees, operates globally from approximately 490 offices with 19,300 professionals. To learn more, visit nmrk.com or follow @newmark.
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