Ferguson Enterprises Leases 135,000 SF at EverWest's 25 North in Thornton, Colorado

Cushman & Wakefield has brokered a longterm lease for a 135,000 square foot building at 25 North, a 70-acre masterplanned industrial development in Thornton, Colorado.

The new tenant for the second phase of the project which is under construction is Ferguson Enterprises, a company that sells quality plumbing supplies, HVAC products, and building supplies.

Ferguson’s new freestanding facility will be located at 14827 Grant St (Building 6) on its completion in the first quarter of 2024.

The project is owned and developed by Denver-based EverWest Advisors LLC, an institutional real estate investment management firm, and Invesco Real Estate, a global real estate investment manager.

When fully built out, 25 North will total approximately 935,000 square feet (sf) across nine Class A industrial, warehouse, distribution, and flex buildings.

Cushman & Wakefield represented the landlord in the transaction and handled the marketing efforts for this new project.

This project continues to see healthy interest from companies seeking modern Class A industrial space with an exceptional regional location,” says Matt Trone, Cushman & Wakefield Executive Director. “Combining new state-of-the-art industrial product, exceptional freeway visibility and accessibility, and proximity to abundant amenities and a diversified workforce, 25 North provides an ideal setting for today’s companies.”

25 North offers a strategic location in the high growth North Denver area, with great accessibility and visibility as well as connectivity to Metro Denver, Boulder, and Longmont.

The location is approximately 20 minutes from Downtown Denver, with immediate access and visibility from I-25, with convenient access to E-470.

Currently under construction, the six Phase II buildings total ±596,575 sf and, including Ferguson, are 42% preleased.

The first phase of the development consists of three completed buildings totaling ±340,200 sf that are fully leased to a variety of prominent tenants, including Sashco Inc. (121,000 sf), Meati Foods (76,463 sf), and Solid Power (75,022 sf).

All buildings have energy-efficient construction and feature 28’ to 32’ clear height, abundant natural light via skylights and clerestory windows, 60 mil TPO roof, ESFR fire suppression, efficient column spacing and bay depths, large truck courts, and generous parking ratios.

This project is a great opportunity for companies seeking modern Class A industrial space with an exceptional regional location.

With its new state-of-the-art industrial product, exceptional freeway visibility and accessibility, and proximity to abundant amenities and a diversified workforce, 25 North provides an ideal setting for today’s companies.