New McWhinney Development in Loveland Offers Class A Industrial Space in Award-Winning Master-Planned Community
LOVELAND, Colo. (Oct. 5, 2016) – CBRE Group, Inc. on behalf of McWhinney, announced today that Toddy, LLC, makers of the Toddy Cold Brew Coffee System, has signed a lease to become the first tenant at Centerra Industrial, a new development located at 5195 East 37th Street in Loveland, Colorado. Completed spring 2016, Centerra Industrial has approximately 84,000 square feet of Class A industrial space located in the award-winning Centerra master-planned community. Toddy is leasing 41,945 square feet of Centerra Industrial with plans to occupy at the beginning of 2017. Mike Eyer and Kyle Lundy of CBRE’s Fort Collins office along with Jim Bolt of CBRE in Denver served as advisors on the project and are leasing the space on behalf of McWhinney.
“Centerra Industrial is a truly unique project for Northern Colorado,” said Mr. Eyer, vice president with CBRE in Fort Collins. “McWhinney identified a specific need in our community for a Class A distribution facility and designed a building that offers everything a distribution user could want—from dock-high loading and 24-foot clear heights, to its central location. For a successful, growing company like Toddy, there’s simply nothing else that can compare to Centerra Industrial in our area.”
The development is part of the 3,000-acre, award-winning Centerra master-planned community, which is home to more than 7,500 employees, 1.5 million square feet of retail including over 30 restaurants, three hotels, a health club, K-8 STEAM school and miles of trails and open space with views of the Front Range.
Centerra Industrial is the first building in the Centerra Industrial Park. McWhinney developed the site speculatively to accommodate uses ranging from office to light assembly, research and development, light manufacturing, cold storage and warehouse distribution. The Class A facility includes 22 dock-high doors, two drive-in doors, 24-foot clear heights, 52-foot by 50-foot bay spacing, skylights, ESFR sprinklers and a 1.5 to 1,000 parking ratio. The site is located on 13 acres near the Fort Collins-Loveland Airport with direct access to Interstate 25 and Highway 34, and regional access to Interstate 80 and Interstate 70.
Construction on a second building in Centerra Industrial Park is slated to begin as early as the end of the year with delivery in late spring 2017. The second building will offer the same flexible space layout and Class A features as the first, ideal for either a single tenant or multiple users as small as 15,000 square feet.
McWhinney is a Northern Colorado premier developer with expertise in building office, industrial, retail, mixed-use and hospitality assets. The Loveland and Denver-based company has developed more than 6,000 acres and 6 million square feet of property across the Rocky Mountain region and West Coast.
“We are excited to welcome Toddy as the first tenant in Centerra Industrial. We are thrilled they chose Loveland and a McWhinney development to expand their operations,” said Ashley Stiles, Vice President of Commercial Development for McWhinney.
For Centerra Industrial Park leasing inquiries, contact Mike Eyer at +1 970 372 3844 or mike.eyer@cbre.com.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2015 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate investors and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
About McWhinney
McWhinney is a Colorado-based Real Estate Development firm with offices in Loveland and Denver, comprising a team of talented professionals who are passionate about creating great places and providing fabled experiences. Since 1991, McWhinney has planned and developed more than 6,000 acres of innovative and sustainable master-planned communities and more than 6.5 million square feet of vertical commercial and mixed-use properties throughout the Rocky Mountain region and the West Coast. Over the years, McWhinney has been recognized for significant real estate development contributions, including being named Colorado’s “Developer of the Year” by the National Association of Industrial and Office Properties (NAIOP), winner of the Urban Land Institute’s (ULI) Global Awards for Excellence, The Denver Business Journal (DBJ) Real Estate Champions – Catalyst Award for Denver Union Station and the Development Deal of the Year for Denver Union Station by NAIOP. McWhinney has been ranked 11 and 13 on the list of the Best Small and Medium-Sized Companies to work for in America.
For additional information, visit www.mcwhinney.com.
