Denver, Colorado

CBRE Named Exclusive Listing Agent for Industrial Development SuperBlock in Denver

The development broke ground in January and is expected to be completed in Q1 2026

January 28, 2025

Rendering of industrial development in Denver, Colorado, that broke ground in January 2025

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Olivia Vallone

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Denver Industrial Figures Q4 2024

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CBRE has been selected as the exclusive listing agent for the new industrial development SuperBlock, a two-building, 279,394-sq.-ft. property set to deliver in late 2026.

Tyler Carner, Jeremy Ballenger and Keiffer Garton of CBRE will represent the owner, Evergreen Devco Inc., in the sale or lease of this property.

“I’m thrilled about the new SuperBlock development by Evergreen Devco,” said CBRE’s Garton. “This project promises to be best in class and is perfectly designed to meet market needs and drive growth in our community.”

Located at the intersection of 45th Avenue and Telluride Street, the speculative development sits on 16.59 acres in the Airport submarket and is one of the last remaining industrial-zoned sites adjacent to the Peña Boulevard and I-70 interchange. The property will benefit from comparably low taxes due to its below market mill levy. It will have a 32’ ceiling height, available high-profile building signage, 172 total car parking spaces, 22 trailer parking stalls for Building 1 and 17 trailer parking stalls for Building 2.

“This development is at main & main for industrial users in Colorado,” said Evergreen Devco’s Brian Dietz, it’s Industrial Development Business Line leader. “Future tenants and owners will benefit from a City of Denver address, Denver Water, and impeccable access to Pena Blvd, I-70, E-470, and Denver International Airport. Furthermore, due to the property’s very low mill levy, the occupants of Superblock will see property tax savings compared to other buildings in the market.”

The property is near the Denver International Airport, many retail centers and restaurant options.

Industrial construction activity increased in Q4 2024 in the Denver metro with over 1.6 million sq. ft. of space breaking ground in the Airport submarket, according to CBRE Research. Despite the increase in activity, 55.6% of space currently under construction has been pre-leased.

About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2024 revenue). The company has more than 140,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.