Lovett Industrial has broken ground on Lovett 76 Logistics Center, a 613,758-square-foot industrial project in Brighton, Colo., the firm’s first industrial development in the Denver metro area. First National Bank of Omaha provided the developer with a $39.6 million construction loan, according to Adams County records.
The development team includes Brinkmann Constructors as general contractor, Powers Brown Architecture as lead architect, while the project’s civil engineer is Kimley-Horn. Completion is slated for July 2023.
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Lovett 76 Logistics Center is taking shape on 41.8 acres within the 420-acre Bromley Business Park. Upon completion, the Class A facility will feature 36-foot clear heights, 224 dock-high doors, 180-foot truck courts, 121 trailers stalls and 329 car parking places. Lee & Associates Principals Kirk Vanino and Ron Webert, alongside Associate Matthew Nora, will market the property and oversee its leasing.
The development site is 25 miles from downtown Denver at 6196 E. Bridge St., having direct access to Interstate 76. Denver International Airport is 18.3 miles away. The surrounding area is home to several important companies such as Sears, Costco, Americold, Walmart and Outrider, among others.
Growing its industrial footprint
Lovett Industrial is currently active in seven markets across the U.S. The developer has four active projects in the West region, totaling 4 million square feet, while another 1.1 million square feet pertain to future developments. One of these projects, a two-building, 1.7 million-square-foot industrial campus, will come online in Glendale, Ariz.
Lovett is also present in Eastern U.S. and Texas, where it recently started the construction of Nexus North Logistics Park, a 567,140-square-foot industrial facility in Houston. The project is slated for a May 2023 completion.
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