The 33K SF building will feature two loading docks for tractor-trailers and is situated near an area zoned for increased residential density.
Construction on new manufacturing facilities has increased by 116% over the last year as supply chain issues led companies to shift production closer to home.
LPC West's industrial holdings are expanding in the San Diego area, where vacant warehouses are rare.
By size, the deal is the fourth-largest industrial deal ever completed in Colorado.
Despite concerns nationally of overbuilding, 80% of new warehouses in Metro Atlanta so far have delivered with tenants in tow.
Three of the seven projects are already closed while the remaining four are in the works.
A recent move by Trammell Crow Co. to electrify 35M SF of properties in its industrial pipeline could inspire more developers to follow suit.
The development, which will front Interstate 20, is slated to include a 187K SF shopping center.
Amazon's pullback on industrial could benefit Denver's warehouse market.
Sacramento is increasingly popular with industrial and life sciences developers and investors.
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