Project Announcements, Real Estate

127,000 foot lease at Crossroads Commerce Park inked

October 8, 2015 0

American Tire Distributors has signed to lease a 127,000 square-foot-building at Crossroads Commerce park at 55th Avenue and Washington Street in unincorporated Adams County. This transaction represents the first full-building lease at Crossroads Commerce Park and was announced Wednesday by Trammell Crow Company, along with capital partner Principal Real Estate Investors.

Crossroads Commerce Park

Rendering of building American Tire Distributors will lease at Crossroads Commerce Park. Courtesy Trammell Crow Company.

The 127,000 square-foot-building will be a brand new structure at Crossroads Commerce Park. The structure is designed by Architect Ware Malcomb and the general contractor is Murray & Stafford. Once built, Crossroads will provide approximately 1 million square feet of leasable space in buildings that range in size between 17,000 and 376,000 square feet. Trammell Crow and Principal Real Estate Investors purchased the 36-acre site in July and shortly thereafter began construction on three speculative buildings. These three buildings will create 640,000 square feet of space.

“ATD constantly strives to provide its customers with unsurpassed service and product availability,” said Ron Sinclair, ATD’s Senior VP of Marketing. “This new distribution center with prime interstate access will further enhance our service and support to our customers in the Denver area.”

The Newmark Grubb Knight Frank team of Mike Wafer and Tim D’Angelo represented Trammell Crow Company in the transaction. Josh Allred, from Jackson Cooksey, represented American Tire Distributors.

Crossroads Commerce Park

View of Crossroads Commerce Park. Courtesy Trammel Crow

Ann Sperling, Senior Director of Trammell Crow Company said, “We are thrilled to welcome ATD to Crossroads Commerce Park and appreciate their confidence and commitment to our industrial project. It is very exciting to have a full building lease completed within weeks of our official groundbreaking. ATD’s tenancy underscores the compelling central location, ease of access to key interstate highways, and the convenience to customers which the site represents. We value the fact that they chose our site to complete their Denver expansion and consolidation of regional operations.”

American Tire Distributors is headquartered in Huntersville, North Carolina and has more than 140 distribution centers between the United States and Canada.

Sections of Crossroads Commons park sit in both Denver County and Adams County.

For additional information on Crossroads Commerce Park, take a look at Denver Urban Review’s first article on the property from July by clicking here.

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