Plans are in the making for the construction of a just over 265,000 square foot distribution center that will go on the east side of Colorado Springs.
Colorado-based Triumph Capital Group purchased the land for the project for $4.2 million.
Slated to go up on just under 18 acres of land near the intersection of N. Powers Boulevard and E. Platte Avenue, the development will be designed to cater to a multi-tenant clientele.
Triumph Capital specializes in industrial warehouses and prime logistics space across the country, enjoying a particularly strong presence in the Midwest and South. The company advertises itself as developing such facilities in “urban infill and emerging regional distribution locations.”
Colorado Springs in recent years has been enjoying a boom in warehouse and distribution center construction and acquisition projects. These are facilities, according to the Colorado Springs Gazette, used by construction companies needing to store materials, and retailers who sell online and “want space to house merchandise until it’s shipped.”
Reports indicate that developers in the next several years may spur up to 1.2 million square feet of industrial space construction on the east side of the city.
Work could begin on the Triumph Capital’s new Colorado Springs facility later this year, with a rough completion date of late next summer.
By Garry Boulard
