Denver, CO – February 29, 2024 – ACD announced today that it has launched its latest metro area redevelopment project with the acquisition of a 1.5-acre infill site at 5595 N Federal Boulevard in Denver, Colorado. ACD purchased the property from a private development company in a transaction facilitated by Marcus & Millichap.
Located just south of Interstate 76 on North Federal Boulevard, the property enjoys enviable visibility, convenient access and proximity to downtown and a mature trade area supported by high population density. ACD plans to redevelop the site with a state-of-the-art climate-controlled self-storage facility in addition to a retail pad fronting Federal Boulevard.
Adam Huff, ACD's Director of Development, remarked, "We are excited to kickstart the Federal project. It’s a fantastic opportunity to provide self-storage to an underserved trade area with high barriers to entry while capitalizing on high-profile frontage that’s perfect for a retail use. We have enjoyed great success in mixing storage and retail in the past, and look forward to unveiling the finished product."
ACD has secured a green light for redevelopment from Adams County, including a prerequisite zoning adjustment that accommodates the planned retail pad. Construction is expected to commence this spring, with business opening in 2025.
ACD acquired the property on behalf of its ACD Fund IV, LP opportunity fund. Founded in 2005, ACD is a Denver-based private development company that specializes in acquiring, developing, and managing commercial real estate investments in the Intermountain West. The company is actively seeking self-storage, neighborhood retail and small bay industrial opportunities in Utah, Colorado and Arizona.
Mike DePalma of SullivanHayes Brokerage serves as the exclusive listing agent for this project. For more information contact DePalma at 720.382.7597.