Commercial real estate news releases from Avison Young

Quarterly and topical research insights to help your business gain competitive edge in commercial real estate.

Silver Point Development breaks ground on Building 1 & 2 at Elevation25 in Mead, CO

Silver Point Development breaks ground on Building 1 & 2 at Elevation25 in Mead, CO February 10, 2022

Mead, CO – Avison Young is pleased to announce that Silver Point Development has broken ground on Buildings 1 and 2 (94,076 sf and 109,676 sf respectively) of Phase I within Elevation25 industrial park located at Weld County Road 9-1/2 and Hwy 66 in Mead, CO. With construction now underway, the two Class A buildings are anticipated to be completed late this year. Avison Young Principal, Dawn McCombs and Senior Associate, Kevin Hann who are out of the firm’s Denver office are representing the ownership on the leasing of the project.

In October 2021, McCombs and Hann, brokered the acquisition of 37 acres of land for Elevation25 on behalf of Silver Point Development. The project will include Phase I, a five-building speculative industrial warehouse project totaling 578,240 square feet (sf). Silver Point is poised to acquire an adjacent 36-acre land parcel within the next three years for development of Phase 2 of Elevation25. Phase 2 would include four buildings totaling approximately 422,000 sf, bringing the entire project to one million sf upon completion.  The construction schedule for Phase 2 will be determined based on market demand.

“It was an exciting and long-awaited day last week as Silver Point Development and their general contractor, Alcorn Construction, broke ground on Buildings 1 and 2, its first of multiple industrial buildings within Elevation25 industrial park. These two buildings are slated to be completed in the fourth quarter of 2022 and will fill a void in the area,” said McCombs.

McCombs noted that the majority of the inquires so far have been from users seeking between 30,000 to 100,000 sf of space.

Elevation25 is the only high-bay warehouse speculative industrial development in the immediate area and is just two turns from I-25, heading northbound or southbound. It is strategically located equidistant to three of the region’s major markets – Denver, Boulder, and Loveland/Fort Collins, the Town of Mead has been growing in popularity, attracting major companies over recent months for distribution and logistics including Amazon, Home Depot, UPS, and FedEx. The Elevation25 project will seek to capitalize on the 30 percent population growth projection in this northern corridor submarket over the next five years.

Avison Young creates real economic, social and environmental value as a global real estate advisor, powered by people. As a private company, our clients collaborate with an empowered partner who is invested in their success. Our integrated talent realizes the full potential of real estate by using global intelligence platforms that provide clients with insights and advantage. Together, we can create healthy, productive workplaces for employees, cities that are centers for prosperity for their citizens, and built spaces and places that create a net benefit to the economy, the environment and the community.

Avison Young is a 2021 winner of the Canada's Best Managed Companies Platinum Club designation, having retained its Best Managed designation for 10 consecutive years.

Follow Avison Young
Twitter (News)Twitter (Deals)BlogLinkedInYouTubeInstagram

For more information:

Dawn McCombs, Principal: +1 (720) 508-8110
Kevin Hann, Senior Associate: +1 (301) 252-6766