UPS Inc. signed a 10-year lease to open its first distribution center in Aurora, Colo., a 360,000-square-foot building due to open before Christmas.
The parcel and logistics giant announced that the facility will create more than 700 jobs when it becomes fully operational in late 2018. The warehouse is located at Interstate 70 and East Smith Road.
Consolidated Investment Group, which owns and manages the property, intends to continue its development program at this location into 2018. When fully built out, the park will consist of more than 1.4 million square feet of industrial space.
“We are excited to have a reputable national tenant like UPS choose our park to grow its expanding metro area business,” CIG Vice President Tim Bertoch said. “This transaction further validates the East Park 70 location as a highly viable regional logistics and distribution hub.”
“Aurora is a powerhouse in the industrial real estate market, and we are happy to welcome UPS to the city,” Aurora Mayor Steve Hogan said. “It is because of our assets like East Park 70 that we continue to attract Fortune 500 companies”
“We are thrilled to have helped UPS establish a presence in our city. This is one more example of how attractive Aurora is to businesses,” said Wendy Mitchell, CEO of the Aurora Economic Development Council. “We look forward to having UPS’ operations and partnership in the city, and to bring so many new jobs to the community.”
Online retailer Amazon.com also recently opened a fulfillment center in Aurora.