Etkin Johnson Completes 50,000 SF Lease with WhiteWave Foods at New CTC Spec Building
Etkin Johnson Real Estate Partners announced it has executed a 50,324-square-foot lease with WWF Operating Company, also known as The WhiteWave Foods Company, at its newly-constructed speculative industrial building at 1900 Cherry Street in Louisville, CO. This is the first signed lease for the 66,350-square-foot facility that kicked off vertical construction this spring in Colorado Technology Center. The lease will commence March 1, 2015.
The WhiteWave Foods Company, a leading consumer packaged food and beverage company leases space in another Etkin Johnson-owned and managed building in Broomfield, making the strong existing relationship a key contributor to the successful lease execution.
“We are very pleased to be able to accommodate an existing tenant with an expansion solution within our portfolio,” said Ryan Good, Etkin Johnson’s vice president of leasing/sales. “Our exceptional working relationship with WhiteWave coupled with our ability to meet their facility requirements at 1900 Cherry made the deal attractive for both parties.”
WhiteWave will utilize the Louisville facility primarily for food preparation, research and testing. The state-of-the-art industrial/flex building, located on the southwest corner of CTC Boulevard and Cherry Street was completed in early September by Etkin Johnson. The property features 24-foot clear ceiling heights, 11 truck docks, two drive-in doors, heavy power and sustainable design elements to minimize environmental impact. Green building features include low-E glass, a GenFlex cool roof system, an energy-efficient HVAC system, strategically placed skylights, LED site lighting and electronic-vehicle charging stations for use by occupants and visitors.
WhiteWave’s new location will enable the company to remain in Boulder County, an important component of its brand, while expanding its operations and benefitting from CTC’s strategic location in the Northwest corridor, one of the most vibrant regions for business growth in the Front Range.
Access to CTC is provided directly off the Northwest Parkway via US 36. Close proximity to Boulder and Denver provides an excellent balance of business support services and quality of life considerations in one of the most sought after locations in the area.
“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.”
Etkin Johnson has a significant presence in Colorado Technology Center where it owns and manages nine state-of-the-art industrial/flex properties totaling approximately 730,000 square feet, along with 30 acres of land for flexible build-out. The company is also marketing space in three additional buildings in the business park, one of which is currently under construction at 1900 Taylor Avenue. The limited number of availabilities currently range from 15,358 square feet up to 136,701 square feet.
About Etkin Johnson Real Estate Partners
Etkin Johnson Real Estate Partners is a Denver-based development, investment, ownership and management company with a portfolio of more than 5 million square feet of office, retail, hotel and industrial holdings worth in excess of $500 million.
About The WhiteWave Foods Company
The WhiteWave Foods Company is a leading consumer packaged food and beverage company that manufactures, markets, distributes, and sells branded plant-based foods and beverages, coffee creamers and beverages, premium dairy products and organic produce throughout North America and Europe. The Company is focused on providing consumers with innovative, great-tasting food and beverage choices that meet their increasing desires for nutritious, flavorful, convenient, and responsibly-produced products. The Company’s widely-recognized, leading brands distributed in North America include Silk® plant-based foods and beverages, International Delight® and LAND O LAKES®* coffee creamers and beverages, Horizon Organic® premium dairy products and Earthbound Farm® certified organic salads, fruits and vegetables. Its popular European brands of plant-based foods and beverages include Alpro® and Provamel®.