Mortenson, a top-20 U.S. builder and developer with operations in Denver, in partnership with Minneapolis-based Hyde Development, has announced the purchase and planned development of a 2.2 million-square-foot, Class A industrial park in Aurora.
The undeveloped 125-acre site is ideally located along E-470 at 64th Avenue in Aurora, east of the newly opened Gaylord Rockies Resort and south of Pena Boulevard and Denver International Airport (DEN).
The HighPoint development is a joint venture between Mortenson and Hyde. Mortenson will also serve as the design-builder of the project. Once developed, HighPoint will offer tenant companies convenient access to the entire Denver metropolitan area and the Rocky Mountain region to more efficiently serve the burgeoning front range population growth.
The HighPoint Logistics Park is in three economic benefit zones: A Federal opportunity zone, Adams County Enterprise Zone, and Limon Foreign Trade Zone. The distinction allows for significant tax credits that should further encourage job creation and investment by businesses.
