Xcel Energy has acquired 10 acres at HighPoint Elevated, a 5-million-square-foot industrial park under construction in Aurora, for $2.7 million. Hyde Development and Mortenson, the project’s developers, will partner on the construction of a 40,000-square-foot build-to-suit facility for Xcel with approximately five acres of yard space.
CBRE’s Daniel Close, Todd Witty, Tyler Carner, Jeremy Ballenger and Jessica Ostermick represented Hyde Development in the sale to Xcel Energy and are marketing HighPoint Elevated for lease and sale opportunities with build-to-suit and speculative construction options available.
“Delivering outstanding customer service is a top priority for our teams. The facility at HighPoint will provide easy access for Xcel Energy to better service our customers in the growing areas of Aurora and further east as well as Denver International Airport. The facility will allow for a faster response time to service calls and will have room to house the equipment needed to grow our operations,” said Robert Kenney, president of Xcel Energy – Colorado.
