(LOVELAND, COLORADO) – Hines, the international real estate firm, today announced the start of construction on Brands West, which will involve two Class-A, industrial distribution buildings in Loveland, Colorado, one of northern Colorado’s fastest growing submarkets. The project will be located at 5365 Byrd Drive and 5615 Kitty Hawk Drive.
Totaling over 188,000 square feet, the project is located within the Brands West portion of Brands at the Ranch, a mixed-use development located on either side of I-25, just north of Crossroads Boulevard. Building 1 (5365 Byrd Drive) will be 107,200 square feet, 200-feet deep and feature rear load capabilities, as well as 32-foot clear height. This will be the first speculative building in this submarket featuring this clear height. Building 2 (5615 Kitty Hawk Drive) will be 81,000 square feet, 180-feet deep and will also have rear-load capabilities and 28-foot clear height. Both buildings will feature oversized power and on-site amenities including a fenced basketball court and outdoor covered seating with sweeping mountain views.
With the Loveland location, the project is part of the northern Colorado industrial market, which has the second-largest labor force in Colorado behind the Denver Metro and can access 1.1 million people in under 45 minutes. The area’s regional growth and market dynamics along with its forecast growing population, have attracted many Fortune 500 Companies and educational institutions to relocate here which is driving the demand growth for more industrial space.
“We are excited to have a presence in Northern Colorado at Brands West,” shared Courtney Schneider, director at Hines. “This is a strong, growing market for the industrial sector with high demand for modern and innovative industrial space, and we look forward to delivering a best-in-class asset to the area to meet future tenant needs.”
“These buildings are in the most active industrial sub-market in the region. They provide an excellent blend of easy I-25 access, ceiling height and highway visibility,” commented Peter Kast, Senior Vice President at CBRE. “We are excited to bring these to the market and expect an excellent market response.”
Construction on Brands West is expected to be completed in Q3 of 2022. The project was designed by Powers Brown Architecture’s Denver office and is being constructed by Alcorn Construction. Hines has selected Peter Kast and Pete Kelly with CBRE to serve as leasing agent.
About Hines
Hines is a privately owned global real estate investment firm founded in 1957 with a presence in 255 cities in 27 countries. Hines oversees investment assets under management totaling approximately $83.6 billionÂą. In addition, Hines provides third-party property-level services to more than 367 properties totaling 138.3 million square feet. Historically, Hines has developed, redeveloped or acquired approximately 1,486 properties, totaling over 492 million square feet. The firm currently has more than 171 developments underway around the world. With extensive experience in investments across the risk spectrum and all property types, and a foundational commitment to ESG, Hines is one of the largest and most-respected real estate organizations in the world. Visit www.hines.com for more information. ÂąIncludes both the global Hines organization as well as RIA AUM as of June 30, 2021.
