J.A. Green Development Corp. has broken ground on the approximately 1 million-square foot first phase of JAG Logistics Center at DIA, a 250-acre industrial park immediately south of Denver International Airport, or DEN.
The first phase is located on 75 acres at the Porteos development, which is in one of Aurora’s five opportunity zones. It will be one of the first new industrial developments in the United States to be built using an opportunity fund. It also is in an enterprise zone and foreign-trade zone.
Yuriy Gorlov
“Being able to take advantage of the variety of benefits these programs offer is a tremendous win-win scenario for all involved stakeholders. Aurora is really ahead of the curve when it comes to delivering on the potential value of opportunity zones,” said Yuriy Gorlov, Aurora Economic Development Council vice president.
This is a very valuable project for Aurora and future economic development in the northeast portion of the city and Adams County in the aerotropolis. We will leverage the proximity to DEN to attract a variety of smaller users and freight-forwarding companies. It’s a unique product offering, and with the growth in the e-commerce and logistics industries, we’re excited to capitalize on this new industrial park and bring in primary employers.”
JAG Logistics Center’s first buildings, Trade 1 and Trade 2, will comprise approximately 188,000 sf each and are scheduled for completion in the fourth quarter. They will feature column-free warehouse design that places value on floor space availability and can accommodate tenants as small as 10,000 sf.
The buildings also will offer generous truck courts, on-site trailer parking, on-site management and mezzanine office. Each cross-dock building will have 30-foot ceiling clearance and ESFR sprinklers. Zoning allows for a wide range of uses, including outside storage.
The second phase of the development, comprising 172 acres, is available for build-to-suit facilities from 250,000 to 2 million sf.
Cushman & Wakefield and AEDC worked with JAG to bring JAG Logistics Center to fruition. The park offers the closest proximity and access to the DIA tarmac of any industrial business park now and in the future. Cushman & Wakefield is handling leasing.
Greenwich, Connecticut based JAG specializes in airport-adjacent development of buildings designed to maximize efficiency of freight logistics.
Dan Green
“JAG’s product is specifically designed for smaller- to medium-size tenants that often get overlooked by many other industrial developers. We see incredible potential in the next 10 years for development near DEN that makes this unique location a natural choice for us to pursue. The added benefit of being in an opportunity zone made this location even more attractive to us,” said Daniel Green, JAG CEO and co-managing partner.
