DENVER (Oct. 7, 2013) – United Properties, a developer and investor with offices in Denver, announced today that it has signed a lease with Swire Coca-Cola USA, a subsidiary of Swire Pacific Ltd., for a 257,000-sq.-ft. industrial building at Enterprise Business Center (EBC) at Stapleton in Denver. One of the largest Coca-Cola distributors in the United States, Swire Coca-Cola USA plans to acquire the distribution rights for Coca-Cola in eastern Colorado and will operate its beverage distribution for the Denver metropolitan area from their facility at EBC. Swire plans to move into the building in May 2014 when construction is complete.
In July 2013, United Properties purchased the 38-acre site for EBC from Forest City Stapleton, Inc., the master developer for Stapleton. The 700,000-sq.-ft., Class A industrial development is near the southwest corner of Interstate 70 and Havana Street in Denver.
When fully developed, EBC will include four industrial buildings. United Properties currently is constructing a 231,000-sq.-ft. companion bulk distribution building west of the Swire building, which also will be complete in May 2014. United Properties plans to start construction by the first quarter of 2014 on the flex industrial buildings each approximately 100,000 sq. ft. and along 40th Avenue.
In addition to United Properties, the project team includes general contractor Murray & Stafford, architect Ware Malcomb, engineer Jansen Strawn, Mike Wafer and Tim D’Angelo of Newmark Grubb Knight Frank representing United Properties, and Joe Cantalamessa of Cantalamessa Partners representing Swire.
About United Properties
United Properties, based in Minneapolis, Minn., specializes in commercial real estate development and investment. Since 1975, United Properties has provided development services for the retail, residential, office, medical and industrial sectors. In addition to a large presence in the Minneapolis-St. Paul market, United Properties’ Colorado division develops retail, office and industrial buildings. Formed in 1916, the United Properties investments group acquires, manages, finances and disposes of the company’s real estate investments, which includes nearly 60 office, medical, industrial and retail assets in Minnesota, Wisconsin and Colorado. For more information, visit www.uproperties.com.
About Swire Coca-Cola USA
Swire Pacific Holdings Inc. (dba Swire Coca Cola USA) is a division of Swire Pacific Ltd. (HKSE: 00019/00087) (www.swirepacific.com). It has the exclusive right to manufacture, market and distribute the products of The Coca-Cola Company in Hong Kong, Taiwan, seven provinces in Mainland China and an extensive area of Western USA. The relationship with Coca-Cola began in 1965, with the acquisition by Swire of the majority shareholding in the Hong Kong franchise. Swire Beverages manufactures over 63 beverage brands and distributes them to a franchise population of over 440 million people.