By Margaret Jackson / NewsBreak Denver
(Denver, Colo.) Lifetime Windows will lease 43,401 square feet of space at Central Park Business Center, a newly completed industrial development in Denver’s Central Park neighborhood.
LIfetime Windows is relocating and expanding its operations with its move to the 132,300-square-foot Building 1 in the business center, located at the intersection of Interstate 70 and Central Park Boulevard.
“Our team is expanding, and this is the perfect space for us to come together to grow and innovate,” said Peter Svedin, CEO of Lifetime Windows. “We are so excited for this opportunity to take Lifetime to the next level.”
Central Park Business Center is about 12 minutes from downtown Denver and 15 minutes from Denver International Airport. It’s also within walking distance of the Central Park light-rail station on the A-Line.
Industrial space in demand
“The demand for high-quality industrial buildings in central Denver continues to increase, especially projects with highway visibility and access like Central Park Business Center,” said Todd Witty, a senior vice president with CBRE’s Industrial & Logistics practice in Denver. “The proximity to numerous retail amenities and the distance to downtown Denver is attractive to tenants. The fact the park is 18% leased so shortly after delivery reflects the demand we’re seeing.”
Witty is marketing the industrial park along with Jim Bolt and Murray Platt.
Industrial construction in metro Denver reached an all-time high last year, with nearly 10 million square feet completed in 2021. But the appetite for space outpaced the record-high delivery volume. Annual net absorption in Denver grew to 10.7 million square feet in 2021 — the highest total ever recorded in the metro area.
Central Park Business Center’s Building 1 totals 132,000 square feet and is divisible to 22,900 square feet. Building 2 is 114,300 square feet divisible to 19,800 square feet. Both buildings have dock-high and drive-in doors for loading, 28-foot clear heights and about 150 parking spaces at the front of each building.
“Our industrial developments are built to enhance our partners’ long-term goals, and we look forward to Central Park Business Center serving users who are seeking best-in-class buildings to fit their needs in the current market,” said Cadie Crean, development director at Confluent Development, which developed the business park.