Central Development’s Encompass Business Park Has Grown into Centennial’s Newest Industrial District

• November 6, 2024

Central Development is thrilled to announce the groundbreaking at Encompass 53, the fifth of six buildings planned at Encompass Business Park (http://encompasspark.com/) in Centennial. The 4.04-acre, 53,200-square-foot industrial build-to-suit warehouse is being constructed by award winning general contractor Alcorn Construction and marketed by Colliers International brokers T.J. Smith, Cody Sheesley and Nick Rice. Encompass Business Park’s organic growth since 2016 has resulted in a thriving new industrial district right sized to fit the needs of its Southeast Denver metro market.

“Encompass 53 is positioned in Southeast Denver’s most prominent industrial park right off of Arapahoe Road. The southeast is one of only two markets in Denver to have experienced positive net absorption in each quarter for the past three years. As such, the 53,000-square-foot freestanding facility is poised to benefit from a growingmarket in an amenity-rich location,” explains Nick Rice. “Few freestanding buildings of its caliber are available in the market, and Colliers anticipates this rare opportunity to draw significant interest. The asset can be leased or purchased. We look forward to its delivery in Q2 of 2025.”

Indeed, Encompass 53 is designed to solve a void in the small-bay industrial sector. While most developers focus on constructing larger buildings, Encompass 53 is divisible to 10,000 sf and features a 24-foot clear height, four drive-ins, and 18 dockhighs. The building’s size and features cater either to a standalone user sale or to leasing to multiple smaller tenants – exactly the types of tenants involved in the majority of deals in the local market.

The new industrial building is also versatile in other important ways. Frontage on Potomac provides increased visibility and thus greater flexibility for tenant type. Outside storage is a permitted use, and users have the capability to grow within the park’s multiple buildings. Perhaps best of all, Encompass 53 boasts an incredible last-mile location less than a mile to Centennial Airport, close to Arapahoe Boulevard’s amenities, and with easy access to I-25, E-470 and Parker Road. The location is a clear differentiator for businesses seeking to attract and retain top talent in the Denver Metro’s highly competitive employment market.

Despite recent year’s economic turmoil, Encompass Business Park has achieved remarkable success. Central Development purchased the 62-acre site in 2016, envisioning a mixed-use infill industrial park serving a wide range of users. They knew the park’s flexible zoning and optimal location would help them attract a strong tenant pipeline. Indeed, the park’s high-quality tilt-up concrete buildings have already amassed an impressive tenant roster:

• Encompass 150 – Completed in 2018. Space formerly leased by Amazon newly leased to American Power. Existing leases with Room & Board, Brakes Plus, and Xylem/Evoqua Water.
• Encompass 50 – Completed in 2018. Leased and ultimately purchased by national defense contractor Rincon Research.
• Encompass 106 – Completed in 2020. Leased to Mygrant Glass and Winn-Marion prior to completion.
• Encompass 173 – Completed in 2023. Leased to Digicomm International.
• Encompass 53 – Under construction.
• Encompass 123 – Still to come.

“Encompass Business Park is like a diesel engine that just keeps on going. We’ve enjoyed eight years of solid, organic development. Plus, our competitor business parks are much further away from amenities like those we have on Arapahoe Road,” says Central Development principal Jeremy Records. “Industrial continues to be the right place to invest. After all, you can’t do industrial by working from home.”

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