In a state where 4x4s are about as common as pine trees, Subaru needs more space.
This week, Japanese automaker’s domestic wing, Subaru of America, announced plans to move to a 550,000-square-foot building near Denver International Airport.
According to a press release from the project developer Majestic Realty CO, the tailor-made project is expected to lay the foundation stone in the Majestic Commercenter industrial park northeast of the Interstate 70-Tower Road junction in Aurora this year.
By the end of 2021, the building will house Subaru of America’s regional offices, parts distribution and a Subaru technician training center. The press release doesn’t say how many people will work in the facility, but the building will have 115 dock doors.
According to Majestic, the company will move from a smaller building about two miles away. Cushman & Wakefield broker Steve Hager represented Subaru on the deal.
“This was a decision driven by a number of key factors for the long-term growth and success of our business and our people,” said Keith Metzger, Subaru’s director of corporate real estate, in a statement.
The Majestic Commercenter, a 1,600 acre campus, is no stranger to large buildings. The 702,000 square meter warehouse “Big Bomber” was rented to Amazon in March, according to this week’s press release. Shamrock Foods is currently building a 1.3 million square foot food distribution complex there as the demand for industrial real estate in the Denver metropolitan area only seems to get stronger amid the pandemic.
Majestic is also developing 32 acres near the intersection of East 32nd Parkway and Tower Road to accommodate retail tenants and at least one hotel for the wider industrial park.
“The mix of building and real estate functions for employers and employees is already making a difference in our park, as reflected in Subaru’s decision to call the commercial center at home,” said Michael Kapoor, Vice President of Majestic, in the press release.