Paul Hyde came down from his native Minnesota to break ground on his first industrial park along Colorado’s Front Range in the spring of 2018.
So far, one cross-dock building has been completed at 76 Commerce Center, the 122-acre park in Brighton. It’s fully leased with tenants including Walmart. Another building, checking in at 352,000 square feet, is underway and a more than 500,000 square-foot sibling is due to break ground next month.
The park, a joint venture between Hyde’s company Hyde Development and construction giant M.A. Mortenson Co., has a ways to go before hitting its target buildout of 1.8 million square feet of top-of-the-line warehouse and logistics space, but those partners aren’t necessarily biding their time.
Hyde and Mortenson closed last month on a 125-acre property near the E-470 and East 64th Avenue interchange in Aurora. There, they plan to build another 2.2 million square feet of industrial real estate.
