McWhinney Breaks Ground on Precision Industrial: 164,000 Square Feet of Flex Industrial Space at Centerra
Class-A spec building slated for summer 2023
LOVELAND, Colo., Oct. 13, 2022 — McWhinney, a national real estate investment, development and management firm with expertise in commercial, multifamily, hospitality, residential and mixed-use assets, broke ground on 164,000 square feet of Class-A industrial space in Loveland. Known as Precision Industrial, the 11.6-acre site is located just off Crossroads Boulevard and I-25 in Loveland. The site is part of Centerra, a 3,000-acre master-planned community developed by McWhinney at the intersection of I-25 and U.S. Hwy. 34.
The 164,000-square-foot building, slated for completion in summer 2023, will be the largest speculative industrial building developed in the northern Colorado market to date. The project at 3645 Precision Dr. will feature 32-foot clear ceiling heights, up to 286 parking spaces, four drive-in doors and 22 dock doors with knockouts for many more. The site will offer immediate access to I-25, landscaped plazas with shade and seating, and a location within the vibrant community fabric of Centerra, close to restaurants, shopping, entertainment, trails and nature.
“This latest industrial project is part of our intentional effort to elevate the size, quality and flexibility of warehouse and distribution space in the region. Just as our Centerra Industrial campus was pioneering for the market at the time it began, Precision Industrial reflects McWhinney’s ongoing commitment to be a market leader in the delivery of Class-A industrial product,” said Clyde Wood, vice president of commercial and mixed-use development at McWhinney.
Precision Industrial will be located east of Centerra Industrial, a development of six buildings totaling more than 650,000 square feet — now 100% occupied by users, including Colorado-based Bobo’s. Workers who commute from other areas along the Front Range will soon be able to take advantage of the Centerra-Loveland Station mobility hub, with express bus service extending from Fort Collins to Denver slated for 2023.
McWhinney has partnered with broker CBRE to offer competitive lease opportunities. CBRE First Vice President Mike Eyer said, “The market fundamentals of low vacancy rates and strong rental growth combined with strong demand from tenants continue to support industrial development in northern Colorado. Tenants are always going to seek best-in-class product, which we will provide at Precision Industrial.”
Project partners include architect Ware Malcomb and general contractor Golden Triangle.
McWhinney is passionate about creating great places and providing awe-inspiring experiences. Since 1991, McWhinney has planned and developed more than 6,000 acres of innovative and sustainable master-planned communities and more than 12 million square feet of vertical commercial and mixed-use properties throughout the Rocky Mountain region and the West Coast. Over the years, McWhinney has been recognized for significant real estate development contributions, including being named Colorado’s “Developer of the Year” by the National Association of Industrial and Office Properties (NAIOP), multi-winner of the Urban Land Institute’s (ULI) Global Awards for Excellence, The Denver Business Journal (DBJ) Real Estate Champions – Catalyst Award for Denver Union Station and the Development Deal of the Year for Denver Union Station by NAIOP. McWhinney has been ranked 11 and 13 on the list of the Best Small and Medium-Sized Companies to work for in America.
Centerra, an award‐winning 3,000‐acre master‐planned community located in Loveland at the heart of Northern Colorado, is a McWHINNEY development that was built on the belief that nature provides the perfect balance to urban planning. As a community designed to enhance all aspects of life, Centerra integrates neighborhoods with recreation, art, shopping and dining, business opportunities and medical services. Centerra offers Northern Colorado’s first lifestyle center, The Promenade Shops at Centerra; UCHealth – Medical Center of The Rockies, a state‐of‐the‐art 166 bed LEED gold‐certified regional hospital; and The Marketplace at Centerra, one of Northern Colorado’s largest contiguous power shopping centers. This unique community is also home to High Plains Environmental Center, which oversees 275 acres of wetlands, open space and reservoirs within Centerra, and Chapungu Sculpture Park, a 26-acre park with more than 80 stone sculptures throughout. In 2018, Centerra registered as the first National Wildlife Federation (NWF) Community Wildlife Habitat in Colorado. Named Development of the Year by the National Association of Industrial & Office Properties’ (NAIOP) Colorado Chapter, Centerra embodies McWHINNEY’s purpose of creating great places and fabled experiences for people. For additional information, visit www.centerra.com.