Candelas Innovation Park Arvada’s First Tenant: La Velez Magazine
Aerospace Company Leases Space at Arvada‘s Candelas Innovation Park
Table of Contents
- Aerospace Company Leases Space at Arvada’s Candelas Innovation Park
- Aerospace Company Leases Space in Arvada’s Candelas Innovation Park: Your Questions Answered
- What’s Happening at Candelas Innovation Park?
- Where is Candelas Innovation Park located?
- Who is developing Candelas Innovation Park?
- what is the total size of the Candelas Innovation Park?
- When was the land for Candelas Innovation Park acquired?
- What are the key features of the Candelas Innovation Park?
- What are the leasing options at Candelas Innovation park?
- what are the benefits of locating a buisness in the Candelas Innovation Park?
- What is the purpose of the Jefferson county business zone?
- What do the buildings at Candelas Innovation Park offer?
- What stage of development is Candelas Innovation Park in?
- Which companies are involved in this transaction?
- Is the identity of the aerospace tenant known?
- what is the current demand for industrial space in the Denver area?
- How does the Candelas Innovation Park compare to other industrial spaces in Denver?
ARVADA, Colo. (2025-04-28) – Candelas innovation Park, a recently developed industrial site in Arvada, has secured it’s first tenant: an aerospace company that has leased more than 61,000 square feet in Building 1.
Demand for Modern Industrial Space
Jeremy Kroner, senior vice president at CBRE, stated that the lease underscores the ongoing demand for modern industrial spaces in the western and northwestern submarkets of Denver. Kroner, along with Vice President Jim Bolt, represented both the tenant and Denver-based developer and real estate investor, Occ Industrial, in the transaction.
Park Development Details
Occ Industrial acquired the 31.64-acre land plot in the Commercial Cimarron area in 2023 for just over $4 million, according to Jefferson County records. The Candelas Innovation Park,situated at the southeast corner of Colorado 93 and Colorado 72,is planned to include four industrial buildings totaling approximately 350,000 square feet.
Phase one of the development, consisting of Buildings 1 and 2, was completed this year. Building 1 encompasses about 82,947 square feet, while Building 2 offers roughly 100,238 square feet of space. Building 2 can be subdivided into units as small as 19,583 square feet, offering flexible leasing options.
Both buildings feature 28-foot clear heights, a combined 44 dock doors, 16 entrance stalls, and 353 parking spaces. The park also includes EV charging stations, native landscaping, and is pursuing LEED certification.
Executive Perspectives
“We are delighted to welcome our first tenant to the Candelas Innovation Park,” said Megan O’Brien, CEO of Occ Industrial.”this lease affirms our vision to offer best-in-class industrial space in a prime location between Golden and Boulder, where Colorado’s talent pool is concentrated.”
O’Brien added,”With its proximity to major research institutions and the emerging high quantum campus,Candelas Innovation Park is uniquely positioned to attract leaders in quantum,aerospace,engineering,and advanced manufacturing.”
Future Expansion
Phase two of the development is expected to be completed within the next 12 months, with Buildings 3 and 4 anticipated to measure more than 62,000 square feet and nearly 111,000 square feet, respectively.
Economic Incentives
Candelas Innovation Park is located within a Jefferson County business zone,an area designated for economic stimulation. This zone offers programs designed to promote job creation, business growth, and development opportunities. Companies within the zone might potentially be eligible for state income tax credits.
Denver Industrial Market
According to research, industrial leases signed in the Denver metropolitan area totaled 12.6 million square feet in 2024, a 47.8% increase from 2023.New leases and expansions accounted for 65.8% of the total activity last year.
Tenant Identity Unreleased
Representatives from Occ Industrial and CBRE declined to disclose the identity of the aerospace tenant.
Aerospace Company Leases Space in Arvada’s Candelas Innovation Park: Your Questions Answered
What’s Happening at Candelas Innovation Park?
Candelas Innovation Park, a new industrial site in Arvada, Colorado, secured its first tenant: an aerospace company. This company leased over 61,000 square feet in Building 1.
Where is Candelas Innovation Park located?
The park is situated at the southeast corner of Colorado 93 adn Colorado 72 in Arvada.
Who is developing Candelas Innovation Park?
Occ Industrial, a Denver-based developer and real estate investor, is the developer of Candelas Innovation Park.
what is the total size of the Candelas Innovation Park?
The park development spans a 31.64-acre plot of land.
When was the land for Candelas Innovation Park acquired?
Occ Industrial acquired the land in 2023.
What are the key features of the Candelas Innovation Park?
Here’s a glimpse of the features:
Location: Arvada, Colorado, near Golden and Boulder.
Total Size of Development: Planned to include four industrial buildings totaling approximately 350,000 square feet.
building 1: Covers about 82,947 square feet.
Building 2: Offers roughly 100,238 square feet and can be subdivided into units as small as 19,583 square feet.
Building features: 28-foot clear heights, dock doors, entrance stalls, and parking spaces.
Amenities: EV charging stations,and native landscaping. It is pursuing LEED certification.
What are the leasing options at Candelas Innovation park?
Building 2 can be subdivided into units as small as 19,583 square feet, offering flexible leasing options.
what are the benefits of locating a buisness in the Candelas Innovation Park?
The park is located within a Jefferson County business zone, which offers programs promoting job creation, business growth, and development opportunities. Companies may also be eligible for state income tax credits. CEO of Occ Industrial, Megan O’Brien, stated that the location is in a prime location between Golden and Boulder.
What is the purpose of the Jefferson county business zone?
The Jefferson County business zone is designated for economic stimulation, providing programs designed to promote job creation, business growth, and development opportunities.
What do the buildings at Candelas Innovation Park offer?
Both Building 1 and Building 2 offer the following:
28-foot clear heights
combined 44 dock doors
16 entrance stalls
353 parking spaces
What stage of development is Candelas Innovation Park in?
Phase one of the development, which included buildings 1 and 2, was completed this year. Phase two, including Buildings 3 and 4, is expected to be completed within the next 12 months.
Which companies are involved in this transaction?
The key players in this transaction are:
Occ Industrial: The Denver-based developer and real estate investor.
CBRE: Represented both the tenant and Occ Industrial in the transaction.
* Aerospace Company: The tenant leasing space in Building 1.
Is the identity of the aerospace tenant known?
No,representatives from Occ Industrial and CBRE have declined to disclose the identity of the aerospace tenant.
what is the current demand for industrial space in the Denver area?
In 2024, industrial leases signed in the Denver metropolitan area totaled 12.6 million square feet, a 47.8% increase from 2023. New leases and expansions accounted for 65.8% of the total activity last year.
How does the Candelas Innovation Park compare to other industrial spaces in Denver?
Here’s a comparison of the key features:
| Feature | candelas Innovation Park | Other Denver Market Areas |
| :—————————— | :—————————————————————————————— | :——————————————————— |
| Location | Arvada, CO (between Golden and Boulder) | Denver Metropolitan Area |
| Building Size (Building 1) | 82,947 square feet | varies |
| Building Size (Building 2) | 100,238 square feet; divisible to 19,583 sq ft | Varies |
| Clear Height | 28 feet | Typically Varies |
| Leasing Options | Flexible leasing with subdividable units | Varies by property |
| Park Amenities | Features EV charging stations, native landscaping, and is pursuing LEED certification. | Varies greatly, but modern spaces often include similar features. |
| Economic incentives | Located within a Jefferson County business zone offering programs and potential tax credits. | often available in other designated business zones. |
| market Demand | Supports the growing demand for industrial space in the Denver area. | Strong, with increased leasing activity in 2024. |