McWhinney secures multiple tenants to Centerra Industrial
Three tenants newly secured at McWhinney’s Centerra Industrial campus will occupy their spaces in the coming months.
Tenants Geary Pacific Supply, NORCO Volleyball Club and a major home improvement retailer, which representatives declined to name, will soon occupy spaces in buildings V and VI of Centerra Industrial. The six-building industrial campus is located at McWhinney’s 3,000-acre masterplanned community in Loveland.
Geary Pacific Supply, an HVAC equipment supplier, will occupy 25,757 square feet at Building VI, following its completion in December. The national Fortune 100 home improvement retailer will occupy 72,396 sf at the same building, using the space as a distribution facility for online sales. It’s expected to occupy its space in March.
The building is modeled after Building V, the adjacent Class A, 123,000-sf building, which was completed in July. Both buildings feature 24-foot clear heights, dock-high loading, ESFR sprinklers and flexible space configurations.
NORCO Volleyball Club purchased a 60,000-sf condominium space in Building V. McWhinney representatives declined to release the final sale price of the transaction but said the user will occupy the space in early 2021.
Mike Eyer of CBRE and Kyle Lundy of C3 Real Estate Solutions represented McWhinney in all of the transactions and continue to market existing space at the campus. Eyer, along with Tyler Rowland of CBRE, represented the home improvement retailer. No outside brokers represented Geary Pacific Supply or NORCO.
According to Clyde Wood, vice president of commercial development for McWhinney, Centerra is the leading hub for the industrial asset class in Northern Colorado.He said McWhinney is keeping up with growing industrial demand by continuing to supply the market with new properties.
“Despite the impacts of COVID- 19 on the economy at large, demand for industrial space in Northern Colorado remains relatively steady,” said Wood.
“Our intention is to capitalize on this demand by always having products available. McWhinney’s industrial track record and historical land basis allow us to consistently deliver best-in-class industrial space at competitive rates. We’re confident about our positioning in the market and look forward to accelerating both our speculative and build-to-suit industrial programs.”
McWhinney plans to have a minimum of 13 industrial buildings between Centerra Industrial and the new industrial district located west of the Centerra Motorplex. This expansion includes Building VII at Centerra Industrial, the final building planned for the campus. The developer will start construction on the 123,000-sf building in early 2021, with a completion date set for next fall.
Featured in the November 18-December 1, 2020, issue of CREJ