A Georgia-based solar distribution company has signed a long-term lease for over 1.1 million square feet in Brighton, marking the largest speculative industrial lease completed in Colorado, according to real estate broker CBRE.
Broadrange Logistics, a third-party logistics company, will move into the two remaining buildings at the 76 Commerce Center this September. The logistics park is located on the Interstate 76 corridor, about 25 miles northeast of downtown Denver.
The site will be Broadrange’s first location in Colorado and will create dozens of jobs in the area. The company services the green energy sector and will use a portion of the space to distribute solar panel components, according to the announcement.
“Denver is a significant location to support our overall strategy as we expand our business to serve customers nationwide,” said Ari Milstein, CEO of Broadrange Logistics. “We’re thrilled to call 76 Commerce our home in Denver. We’ve found a great partnership with Hyde Development and Mortenson Properties, who understand our business needs and have helped us identify a long-term solution to help us grow.”
A portion of the space was previously announced as the home of a $250 million solar panel factory established by VSK Energy Inc., which was expected to generate 900 jobs. However, this project never materialized, as confirmed by CBRE broker Todd Witty, with the change from a solar plant first reported by BizWest.
Read the full article from the Denver Business Journal.
