LaPour, in Collaboration with Mar-Gulf and MDI Capital, Announce 2nd Pre-lease at Shallow Bay Project in Centennial, CO
LAS VEGAS, March 20, 2025 /PRNewswire/ -- LaPour, in collaboration with Mar-Gulf Management Inc. ("Mar-Gulf") and MDI Capital, LLC ("MDI"), the international real estate subsidiaries of Kuwait Financial Centre ("Markaz"), announced today that The Performance Shift, LLC will be the second tenant at Creekside Centennial Tech Center (CCTC) located in Centennial, CO. Currently under construction, CCTC is scheduled to complete in April 2025. The Performance Shift will occupy 9,571 RSF of shallow bay industrial space bringing CCTC to 30% pre-leased.
Brandon Langiewicz, SIOR represented the Tenant and Peter Beugg, Dominic DiOrio, Buzz Miller and Tyler Reed of Stream Realty represented the Landlord in this transaction. "CCTC is a unique project that meets the demand for tenants seeking high-quality, modern, shallow bay spaces. The pre-leasing activity is a clear indication of the market's appetite for this product, and we're pleased to see continued interest as the project nears completion," said Buzz Miller of Stream.
"We chose to move our business into CCTC to expand with the ever growing Centennial and Southeast Denver community where there is quick access for clients from the city and surrounding suburbs. The property is a beautiful, new space with lots of opportunity to create a customized experience for our clients, providers, and community!" said Alice Barnes, Owner of The Performance Shift.
CCTC is designed to meet the diverse needs of modern businesses, which are currently underserved in the industrial real estate market as project sizes have increased and are focused on much larger footprints for divisibility. CCTC is the only spec-construction, industrial project in south Denver that will provide tenants with space divisible to under 10,000 SF. Current vacancy rate for this product type is 2.8% in the Southeast Denver submarket.
This state-of-the-art, multitenant, shallow-bay industrial facility offers 24' clear heights across 63,271 square feet. The project provides flexible contiguous unit sizing from 6,900 square feet to 23,200 square feet. Spec suites will be delivered in April 2025 available for immediate occupancy. Conveniently located at 6403 S Uvalda St, CCTC provides immediate access to Arapahoe Road and quick access to I-25, E-470, and Hwy 83. Surrounded by a dense variety of restaurants, lifestyle amenities, retail outlets, and walkable trails.
The multi-tenant project boasts, 8 dock doors, 8 drive-in doors, 2,500 amps of power, and a generous parking ratio of 3 per 1,000 square feet. The functional design of CCTC aims to redefine industrial space in the region, setting a new benchmark and outshining competing projects in its vicinity.
"This lease, executed during construction, underscores the pent-up demand for shallow bay space divisible to less than 10,000sf and highlights the long-term potential of this location," said Lisa Chasteen, VP Leasing and Asset Management at LaPour. "We welcome Performance Shift to CCTC and are committed to delivering a modern, image conscious environment that aligns with our tenants' needs as well as the needs of the community."
For more information, visit lapour.com.
Brochure Link: https://publications.streamrealty.com/creekside-ctc_brochure/full-view.html
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SOURCE LaPour