Denver-based EverWest Real Estate Investors and Invesco Real Estate have plans to develop 25 North, a 936,775-square-foot industrial complex with three newly constructed and six to-be-built buildings in the Denver-area community of Thornton, Colo.
JLL Capital Markets arranged a $101.3 million loan to refinance and complete construction of the project.
The 25 North project is being constructed in two phases with state-of-the-art, modern specifications, including clear heights ranging from 28 to 32 feet, more than 200 dock-high doors, 34 drive-in doors, deep truck courts, abundant natural light via skylights and large windows, ample parking and ESFR fire protection. Fully leased, the Phase I warehouse and distribution buildings totaling 340,200 square feet were delivered between 2020 and 2021. Phase II will consist of six speculative warehouse and distribution buildings housing 596,575 square feet and is anticipated to deliver in 2022 and 2023.
Located within the
