Hines, in partnership with EnviroFinance Group (EFG), has acquired 60 acres near the northwest corner of 56th Avenue and Interstate 25 from Koppers Inc., a wholly owned subsidiary of Koppers Holdings, in the heart of the central submarket of Denver. Hines and EFG will develop a class A business park with approximately 860,000 square feet of office warehouse space distributed across six buildings.
Hines is completing design of the industrial and logistics park, now branded as Quantum 56. The first phase will consist of 581,250 square feet of warehouse space in both cross-dock and rear-load configurations. When delivered, the project will be the newest large, modern-format park in the central submarket of Denver and will accommodate tenants for a range of uses, from 20,000-square-foot tenants looking for office warehouse and showroom space to larger 350,000-square-foot tenants seeking infill, last-mile delivery locations.
Courtney Schneider, director at Hines, said, “I
