Ascent Commerce Center, a newly built spec Class A warehouse and distribution development in Commerce City (Denver), Colorado has completed a long-term lease with La-Z-Boy Incorporated, a global leader in residential furniture. La-Z-Boy leased 66,679 square feet of space in Building I of the new three-building project.
Located at Tower Rd and East 84th Ave, Ascent Commerce Center is located within the master-planned business park Nexus at DIA (Denver International Airport). The project is owned by PGIM and was developed by Lincoln Property Company and Crow Holdings.
Cushman & Wakefield’s Drew McManus, Bryan Fry, and Ryan Searle represented the landlord in the lease in partnership with Scott Caldwell, Mark Dwyer and Sam Slaton from Lincoln Property Co. Building 1 is located at 17776 E 84th Ave.
“We are thrilled to welcome La-Z-Boy, a premier furniture brand, to Ascent Commerce Center, one of Denver’s most exciting and highest quality industrial projects,” said Executive Managing Director Drew McManus. “The Denver Metro remains an attractive location for industrial users and this transaction further builds on the roster of major corporations across a variety of industries including e-commerce, tech, appliance, and food that continue to locate their distribution sites in the Denver International Airport submarket.
Completed in 2021 and situated on more than 33 acres, Ascent Commerce Center is a modern Class A warehouse and distribution center comprising three buildings totaling 594,400 sf. The buildings feature dock high and drive-in loading, ESFR sprinklers, and trailer storage/parking. Ascent stands tall with 32’ and 36’ clear heights and offers easy freeway access to I-70, I-225, E-470 and the Denver International Airport within a 10-minute drive.