LaPour, in collaboration with Mar-Gulf Management Inc. (“Mar-Gulf”) and MDI Capital, LLC (“MDI”), the international real estate subsidiaries of Kuwait Financial Centre (“Markaz”), announced today that Hi Power Electric, LLC will be the first tenant at Creekside Centennial Tech Center (CCTC) located in Centennial, CO. Currently under construction, CCTC is scheduled to complete in March 2025. Upon completion Hi Power Electric will occupy 9,621 RSF of shallow bay industrial space.
Logan Schenk of The Zall Company represented the Tenant and Peter Beugg, Dominic DiOrio, Buzz Miller and Tyler Reed of Stream Realty represented the Landlord in this transaction. “The market has been very receptive to this product, specifically grade level and dock hi loading in smaller spaces. These are features normally found in larger institutional projects. We hope to announce additional pre-leasing soon based on the current level of activity we are experiencing”, said Buzz Miller of Stream.
“We are seeing pent up demand for new, high quality, shallow bay product divisible to less than 10,000 SF. Very little supply has been added in the last cycle, leaving companies with few growth options” said Jeff LaPour, CEO of LaPour Partners. “We welcome Hi Power to CCTC and are excited to accommodate other companies seeking expansion in modern, functional, well-located spaces.”
“We are proud to support this innovative industrial project in collaboration with LaPour. This strong leasing momentum and demand for high-quality, shallow-bay industrial space in the Denver market reinforces our confidence in this investment. The strategic design and functionality of CCTC align with our investment philosophy, and we look forward to its successful completion and continued leasing activity” said Sami Shabshab, President of Mar-Gulf Management Inc.
“We are excited to be among the first tenants at Creekside Centennial Tech Center. This facility provides an ideal space for our continued growth and allows us to better serve our clients across the Colorado market and beyond. Its central location enhances our operational efficiency, and the high-quality environment supports our team’s success. Investing in our people remains a top priority, and this move reflects our commitment to providing them with the resources they need to thrive. We look forward to the opportunities this new space will bring,” said, Ryan Fitzgerald, CFO of Hi Power Electric.
CCTC is designed to meet the diverse needs of modern businesses, which are currently underserved in the industrial real estate market as project sizes have increased and are focused on much larger footprints for divisibility. CCTC is the first and only spec-construction, single-building industrial project in south Denver that will provide tenants with space divisible to under 10,000 SF. Current vacancy rate for this product type is 2.8% in the Southeast Denver submarket.
This state-of-the-art, multitenant, shallow-bay facility offers 24’ clear heights in 63,271 square feet of Class A industrial space for lease. The project provides flexible unit sizing from 6,900 square feet to 32,700 square feet. Spec suites will be delivered in March 2025 available for immediate occupancy. Conveniently located at 6403 S Uvalda St, CCTC provides immediate access to Arapahoe Road and quick access to I-25, E-470, and Hwy 83. Surrounded by a dense variety of restaurants, lifestyle amenities, retail outlets, and walkable trails.
The multi-tenant project boasts, 8 dock doors, 8 drive-in doors, 2,500 amps of power, and a generous parking ratio of 3 per 1,000 square feet. The functional design of CCTC aims to redefine industrial space in the region, setting a new benchmark and outshining competing projects in its vicinity.
About LaPour Partners
For two decades, LaPour Partners has committed to unveiling dynamic real estate investment opportunities, focusing on early-stage market ventures and higher-profile transactions. The company thrives on tackling projects with situational complexity, deploying in-house expertise, and harnessing its expansive network to devise innovative solutions. With a proven track record spanning Arizona, Colorado, and Nevada, LaPour Partners will continue its legacy of delivering best-in-class real estate.
For more information, visit lapour.com.
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About Kuwait Financial Centre “Markaz”
Established in 1974, Kuwait Financial Centre K.P.S.C “Markaz” is one of the leading asset management and investment banking institutions in the MENA region with total assets under management of over KD 1.39 billion (USD 4.56 billion) as of 30 September 2024. Markaz was listed on the Boursa Kuwait in 1997. Over the years, Markaz has pioneered innovation through the creation of new investment channels. These channels enjoy unique characteristics and helped Markaz to widen investors’ horizons. Examples include Mumtaz (the first domestic mutual fund), MREF (the first real estate investment fund in Kuwait), Forsa Financial Fund (the first options market maker in the GCC since 2005), and the GCC Momentum Fund (the first passive fund of its kind in Kuwait and across GCC that follows the momentum methodology), all conceptualized, established, and managed by Markaz.
About Hi Power Electric
Hi Power Electric is a trusted leader in electrical contracting, specializing in new construction commercial, multi-family and single-family residential projects across Colorado. With a commitment to operational excellence and exceptional service, the company brings over a decade of expertise in delivering innovative electrical solutions. From large-scale commercial projects and multi-family developments to custom single-family homes, Hi Power Electric combines technical precision, skilled craftsmanship, and a customer-focused approach to meet the demands of Colorado’s growing housing market. Driven by a team of experienced professionals, Hi Power Electric is dedicated to powering communities and building long-term partnerships.
