Lovett Industrial, the Houston-based real estate investment firm, recently broke ground on Lovett 76 Logistics Center, a 613,758 square foot class A industrial building located in Brighton, Colorado.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20221019005046/en/
Rendering for Lovett 76 Logistics Center, a 613,758 square foot class A industrial building located in Brighton, Colorado. (Photo: Business Wire)
Construction of Lovett 76 Logistics Center began in September 2022 with completion slated for July 2023. The project will feature a 613,758 square foot cross-dock building with a 36’ clear height, 7” reinforced concrete slab, 224 dock-high doors, 180’ truck courts, and at least 121 trailer parks, tenant dependent. The project is actively fielding user sale and lease requirements.
Lovett 76 Logistics Center is located within the Bromley Business Park, an industrial business park that is home to local, regional, and national distribution, logistics, and service companies. The business park features direct access to Interstate 76 providing local and regional connectivity to the Denver MSA and beyond. Additional highlights include excellent proximity to a strong labor force and the rapidly growing national population center of Denver, Colorado.
Ted Hart, Senior Managing Director at Lovett Industrial commented, “The Denver MSA’s population growth shows no signs of slowing and national retailers and suppliers are following suit by reinforcing their existing logistics real estate positions and expanding into new ones. Lovett 76 Logistics Center is perfectly positioned to provide the solution to this demand and its location in the northeast submarket offers a strong labor pool to users with direct access to I-76 along with proximity to the I-80 corridor. We feel fortunate to partner with the City of Brighton on this exciting project.”
Lovett 76 Logistics Center is Lovett Industrial’s first industrial development in the Denver MSA. Lovett Industrial is currently active in 6 additional markets across the U.S. and has more than 7 million square feet of projects under construction companywide.
Marketing and leasing efforts for Lovett 76 Logistics Center will be exclusively handled by Kirk Vanino, Ron Webert, and Matthew Nora of Lee & Associates. Construction financing is being provided by First National Bank of Omaha. Brinkmann Constructors is the General Contractor, Powers Brown Architecture is the lead architect, and Kimley-Horn is serving as the project’s civil engineer.
About Lovett Industrial:
Founded in 2020 and based in Houston, Texas, Lovett Industrial is a privately held vertically integrated logistics real estate investment platform that seeks to develop and acquire industrial real estate assets that are differentiated by their quality, location, and functionality. Currently active in 7 markets across the United States, Lovett Industrial’s portfolio consists of approximately 7 million square feet of warehouses under construction and in excess of 10 million square feet of warehouses planned for future development. Lovett Industrial’s founders have combined over 60+ years of experience in the commercial and industrial real estate sectors. For more information, please see our website at www.lovettindustrial.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20221019005046/en/
Contacts
Press Contact:
Paige Chiang
paigec@lovettindustrial.com
