On April 30, 2021, United Properties acquired approximately 16.761 acres of land located within the 2534 master planned community (near the southeast corner of I-25 and US 34) in Johnstown, Colorado, from The Gerrard Family Limited Partnership, LLLP.
United Properties is proposing a modern, master planned Class A industrial development totaling 280,323± SF as the newest addition to 2534 in Johnstown. The development will be known as [email protected] The 3-building plan provides for cross dock and front park/rear load designs, with spaces from 15,000 SF to 145,008± SF.
Groundbreaking for the [email protected] industrial development is slated for Spring 2021. This will be United Properties’ third industrial project within the 2534 master planned community.
“Congratulations to United Properties on the land acquisition. This transaction leaves only a handful of industrial lots remaining at 2534 in Johnstown,” said Ryan Schaefer, CEO of NAI Affinity.
“We are grateful for our relationship with United Properties and the continued partnership at 2534. With this new project, 2534 will have seen over 600,000± SF of Class A Industrial development since 2016; making it one of the hottest industrial locations in the region,” said Gary Gerrard, Master Developer of 2534 in Johnstown.
”We have had a great partnership with the Gerrard Family over the years, so we were thrilled to have the opportunity to work with them on another land transaction. United Properties sees great growth potential for industrial product in Northern Colorado and we’re excited to expand our industrial portfolio in Johnstown this year,” said Megan Turner, Vice President of Development of United Properties.
Transaction Brokers: Jake Hallauer, CCIM and Ryan Schaefer of NAI Affinity
See the additional write up on this acquisition: BizWest