Consolidated Investment Group Announces Development of 815,700 Square Foot State-of-the-Art Industrial Project Near I-70 & Tower Road
Englewood, CO (PRWEB) April 02, 2015 -- Consolidated Investment Group (CIG) announced yesterday that they awarded CBRE with the exclusive listing for Eastpark 70, a 105-acre, state-of-the-art master planned industrial development project located near I-70 and Tower Road, at Smith Road and Ensenada Street. CBRE First Vice Presidents Doug Viseur and Todd Witty will represent the developer, EP 70, LLC, a single asset entity managed by Consolidated Investment Group, in the marketing of the asset for lease.
The project plans include three Class AA double-loaded distribution buildings comprised of 815,700 square feet with 32’ clear, ESFR sprinkler systems, dock high loading and on-site trailer parking. The project is scheduled to break ground summer 2015 with Building 1 delivery estimated for March 2016. Eastpark 70 is zoned M-1, Aurora with outside storage approved and offers nearby access to I-270, I-25, I-225 and E-470. In addition to the three large, bulk distribution buildings planned for the central portion of Eastpark 70, the master plan also includes smaller industrial buildings to be developed along the perimeter with sizes ranging from 9,000 to 80,000 square feet and has the potential for large outdoor storage yards.
“We are pleased to offer a range of industrial product types and space sizes to serve the growing distribution demands in the Denver market from both regional and national businesses at Eastpark 70,” said Chris Winn, CIG Asset Manager.
CIG obtained sole ownership of the Eastpark 70 project in 2009. Four smaller industrial buildings were developed on the northern portion of the property - two of which were subsequently sold to users and two of which are currently being leased. The remainder of the property has been graded for future development with public streets and utility connections.
“At this time, CIG plans to develop the property speculatively as long as demand for industrial space remains strong,” said Tim Bertoch, CIG Vice President of Real Estate. “CIG would also pursue build-to-suit opportunities at Eastpark 70 for prospective tenants with specific building needs,” Tim added.
About Consolidated Investment Group
Consolidated Investment Group (CIG) is an entrepreneurial investment company that manages a diverse portfolio valued in excess of $1.5 billion. Since 2003, CIG has actively invested in private equity, capital markets, real estate, and philanthropy. The company’s mission is to preserve and grow its shareholders’ capital for current and future generations and to support their philanthropic endeavors. It accomplishes this through innovative processes and a results-oriented team. CIG is committed to an environment founded on high ethical standards that puts its people first, fosters collaboration, and inspires dedication. CIG invests domestically and internationally through operating partners, direct investment, and opportunistic funds. To learn more about CIG, visit http://www.ciginvest.com.
Carli Franks, Consolidated Investment Group, 3037892664 Ext: 265, [email protected]
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