AZ Opportunity Fund & ARCO/Murray Break Ground on the Colorado Business Center in Colorado Springs
Colorado Springs, CO – August 20, 2024 – AZ Opportunity Fund celebrated the groundbreaking of the Colorado Aerospace Business Center (CABC), a dynamic new industrial and retail development in Colorado Springs. The groundbreaking ceremony, held on August 19th, marks the commencement of the first phase of this dynamic project, which is poised to become a key hub for aerospace innovation in the region.
Located on a 31-acre site at the northwest corner of Bradley Rd. and Foreign Trade Zone Blvd., CABC will be developed in a series of phases, with the first building totaling 84,750 square feet of small-bay industrial warehouse space. This property was designed for up to four (4) tenants and is expected to reach core and shell completion by the end of Q1 2026. Future phases, driven by market demand, will offer 5 additional industrial buildings ranging from 15,000 to 118,000 square feet, along with three retail pad sites at the prominent corner of the development.
Brady Welsh, Principal at AZ Opportunity Fund, expressed his enthusiasm at the ceremony: “The Colorado Aerospace Business Center is a testament to the growth and innovation happening in Colorado Springs. We are committed to creating a business park that not only meets the current needs of aerospace companies but also anticipates their future requirements. CABC will provide a unique blend of specialized infrastructure and amenities that will make it a premier location for aerospace businesses of all sizes.”
AZOFund and ARCO/Murray designed the project to accommodate the specialized infrastructure needs of high-tech and government contracting companies requiring fiber redundancy, rooftop antenna installation, and SCIF spaces. Several key features include heavy power, drive-in and dock high loading, the ability to fence individual buildings for additional security, and outdoor storage capabilities.
Charlie McLean, Director of Business Development at ARCO/Murray, highlighted the collaborative efforts that brought the project to this stage: “Breaking ground on the Colorado Aerospace Business Center is a significant milestone, and we are excited to see this vision take shape. Our team at ARCO/Murray is dedicated to delivering a high-quality, flexible space that will support the diverse needs of the aerospace industry.”
AZ Opportunity Fund secured significant investment from Toda America, Inc., a subsidiary of Toda Corporation, one of Japan’s leading construction, engineering and real estate investment companies. Toda America, Inc. has a long history of developing, owning, and managing high-quality assets in Asia and the United States, including factories, distribution warehouses, and office buildings. Toda America, Inc. brings its extensive experience and reputation for quality to the CABC, helping to ensure the development meets the highest standards of excellence.
CABC is strategically positioned within close proximity to the Colorado Springs Airport, Peak Innovation Park, Schriever Air Force Base, and the U.S. Space Force headquarters. This prime location has attracted a robust workforce and significant private employers such as Amazon, Frito Lay, L3Harris, The Aerospace Corporation, and Northrop Grumman.
The CABC is also located within multiple economic development zones offering a blend of incentives and tax credits to foster business growth, job creation and business expansion including the Pikes Peak Enterprise Zone, Opportunity Zone (OZ), Foreign Trade Zone (FTZ), and Commercial Aeronautical Zone (CAZ).These designations offer substantial benefits, including tax advantages, streamlined customs processes, and access to a thriving aerospace ecosystem, making CABC an attractive option for businesses of all types looking to expand or relocate.
Heather McKeen from Cushman & Wakefield, who is managing the leasing efforts along with Aaron Horn and Tyler Smith, stated, “The Colorado Aerospace Business Center is set to become a cornerstone of aerospace and industrial development in the region. With its strategic location and a variety of build-to-suit opportunities, we anticipate strong interest from companies looking to take advantage of the specialized infrastructure and economic incentives this development offers.”
The groundbreaking ceremony was attended by key project stakeholders, city officials, and members of the community, all of whom celebrated the beginning of this transformative project.
To learn more about the Colorado Aerospace Business Center and for leasing inquiries, please visit: AerospaceBusinessCenter.com.
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About AZ Opportunity Fund
AZ Opportunity Fund specializes in the development of industrial real estate projects designed for the mid-sized users of warehouse, manufacturing, and flex properties. By focusing on assets poised for long-term capital appreciation, AZOFund strives to drive investor value by executing on strategic development projects and to help transform the communities we invest in. For more information, please visit www.AZOFund.com.
About ARCO/Murray
ARCO/Murray is a single-source national design and construction firm specializing in commercial construction and real estate needs for Fortune 500 companies and individual businesses. From planning to execution, ARCO/Murray’s expert team uses the most advanced design-build methodology to deliver the very best client experience. To learn more about ARCO/Murray, visit www.arcomurray.com.
About Cushman & Wakefield
Cushman & Wakefield is an international commercial real estate firm specializing in local and national representation for landlords and occupiers. The strength of the Cushman & Wakefield platform provides the greatest exposure for properties securing the highest quality tenants. For more information visit www.cushmanwakefield.com.
AZ Opportunity Fund Contact:
Brady Welsh, Principal, AZ Opportunity Fund, LLC 303-949-6443 | [email protected]
Leasing Contact:
Aaron Horn, Sr Managing Director, Cushman & Wakefield | Colorado Springs Commercial, 719-330-4162 | [email protected]
Marketing Contact:
Kelly O’Hara, Marketing Manager, ARCO/Murray, 312-241-9976 | [email protected]