Colorado Real Estate Journal - November 19, 2014
WhiteWave Foods executed a 50,324-square-foot lease in a new speculative industrial/flex building at 1900 Cherry St. in Louisville. The lease is the first to be signed for the 66,350-sf building, which Etkin Johnson Real Estate Partners completed in September. It will commence March 1. WhiteWave, which produces food brands including Horizon, Silk, Alpro and others, will use the facility for food preparation, research and testing. The building is located at the southwest corner of CTC Boulevard and Cherry Street in the Colorado Technology Center. The tenant occupies space in another Etkin Johnson building in Broomfield, and that relationship contributed to the lease execution, the developer said. “We are very pleased to be able to accommodate an existing tenant with an expansion solution within our portfolio,” Ryan Good, Etkin Johnson vice president of leasing and sales, said in an announcement. “Our exceptional working relationship with WhiteWave coupled with our ability to meet their facility requirements at 1900 Cherry made this deal attractive for both parties.” The location allows WhiteWave to remain in Boulder County, an important component of its brand, while expanding operations and benefitting from the location directly off the Northwest Parkway via U.S. Highway 36. “We continue to see substantial growth in the northwest corridor and believe this lease is indicative of the demand we’ve seen for Class A industrial/flex space in the market,” said Good. “A sizable lease with a quality tenant like WhiteWave at our most recent development is a testament to the strength of our tenant relationships and our development strategy within the region.” The building features 24-footclear ceiling heights, 11 truck docks, two drive-in doors, heavy power and sustainable design elements including low-E glass, a GenFlex cool roof system, an energy-efficient HVAC system, skylights, LED site lighting and electric-car charging stations. Etkin Johnson owns and manages nine industrial/flex properties totaling 730,000 sf along with 30 acres of developable land at CTC. It currently is under construction on a building at 1900 Taylor Ave. and is marketing two additional buildings within the business park.