Lincoln Property Co., Crow Holdings to develop three-building industrial development

Lincoln Property Co. in partnership with a private real estate fund advised by Crow Holdings Capital has broken ground on its 594,400-square-foot, three-building speculative industrial development.

The Ascent Commerce Center development is part of Nexus at DIA, which acquired the 39.81 acres earlier this year. Nexus at DIA is a joint venture project between Schuck Communities and CH Thompson Co. It is Becknell’s second acquisition within Nexus at DIA. Construction of a 540,800-square-foot build-to-suit for GE/Haier Appliance is nearing completion on that 38.8-acre site, which Becknell acquired in April.

The 127,360-square-foot Building 3 is expected to be delivered in the fourth quarter 2020. And Building 1 & 2 of Ascent Commerce Center is expected to be delivered in 2021, totaling 154,560 square feet and 312,480 square feet, respectively.Ascent Commerce Center is located within Metro Denver’s premier east industrial corridor and less than a 10-minute drive fro