Lincoln Property Co. secured $77.1 million in construction financing for a 466,000-square-foot industrial project taking shape in Commerce City, Colo., just outside Denver. Commercial Edge reports the loan came from First Horizon Bank. The project also includes an undisclosed equity partner.
The new development, known as Commerce Yards, is set to break ground in April 2026 and include three warehouses across 46 acres. The project is slated for completion by May 2027. Building sizes range from 113,000 to 200,000 square feet.
The project will include 14 acres for outdoor storage space. Target tenants include companies in the construction, logistics and distribution, machinery, as well as energy and utilities sectors.
JLL Capital Markets’ Peter Merrion, Rob Key, Will Mogk, Leon McBroom and Jim Curtin facilitated the transaction.
The property is being constructed at 9401 Heinz Way in Henderson, an unincorporated community within the Commerce City area. The construction site is within 11 miles from Denver International Airport.
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