Cushman & Wakefield's National Industrial Advisory Group (IAG), including Will Strong, Michael Matchett, Molly Hunt, Jack Stamets and Madeline Warren, recently represented United Properties in securing over $20 million in equity investment for the project. A Denver-based Cushman & Wakefield team of Tyler Smith, Alec Rhodes and Aaron Valdez will represent the venture in leasing the project upon completion. Murray and Stafford, Inc. is the general contractor on the project.
"We're thrilled to see the first phase of INOVA breaking ground in the dynamic Southeast submarket, where market activity is thriving. With strong fundamentals driving demand, we’re eager to quickly lease our first two buildings,” said Smith. “Phase 2 will offer exciting opportunities with three adjacent sites ready for build-to-suit projects ranging from 30,000 to 200,000 square feet, available for sale or lease."
Phase 1 of the INOVA development will feature two buildings, one at 141,480 square feet and the other at 113,770 square feet, for a total of 255,250 square feet. The project can also accommodate build-to-suit developments up to +/- 200,000 SF. Expected completion of Phase I is tentatively set for Q2 2026.
“Breaking ground on the first phase of INOVA comes at an opportune time, as demand for industrial space in the Southeast submarket remains strong,” said Connor McCarthy, Senior Vice President of Commercial Development, United Properties. “With its prime location and convenient access to I-25, this site is exceptionally positioned to meet market needs and support long-term success.”
Located in the highly sought-after Southeast submarket, the INOVA development benefits from excellent access to Interstate 25, a main artery for logistics and distribution services within the Denver Metro area. The site is adjacent to Centennial Airport and close to Arapahoe Road, providing multiple access points, making it ideal for high-tech manufacturing, aerospace, warehousing, logistics and general office use.
About Cushman & Wakefield’s Industrial Advisory Group (IAG)
Cushman & Wakefield’s National Industrial Advisory Group (IAG) is a nationwide team of experienced industrial capital markets advisors and support specialists across the U.S. The IAG collaborates to offer seamless tailored advisory and transaction services, helping investors efficiently achieve their financial goals for individual industrial assets and large portfolios. With deep expertise across various industrial sectors—including logistics, warehousing, and manufacturing—the group provides a full spectrum of services, from investment sales and acquisitions to joint ventures, recapitalizations, and private placements. Learn more at www.cushmanwakefield.com/IAG.
About United Properties
United Properties has been creating deep roots in the commercial real estate industry for more than 100 years. The company imagines new possibilities in real estate to help enrich communities and create lasting legacies. United Properties provides market expertise for ground-up development, redevelopment and acquisitions of value-add and stable investments. The company invests in and develops office, industrial, retail, mixed-use and senior living properties. United Properties is owned by the Pohlad Companies and is headquartered in Minneapolis, with offices in Denver and Austin, Texas. For more information, visit uproperties.com.