Aardex Snaps Up Fully Leased Loveland Industrial Campus, Signaling Hub Growth
A Colorado investment firm has acquired a fully leased, 187,457-square-foot industrial campus in Loveland, marking the latest sign that the I-25 corridor is solidifying its role as a regional advanced-manufacturing hub.
Aardex closed the purchase of Brands West from Hines on January 14. The two-building property at 5365 Byrd Drive and 5645 Kitty Hawk Drive, delivered in 2024, was 100 percent leased at closing. The rapid lease-up signals robust regional demand for modern industrial space.
Brands West sits within the Brands at the Ranch district, a rapidly expanding mixed-use area just north of Crossroads Boulevard near I-25, the Northern Colorado Regional Airport, and the Ranch Events Complex.
Six tenants occupy the campus, including Muller Technology, James Fisher Technologies, and Artisan Design Group, a Lowe's-affiliated flooring distributor. The property features 28- and 32-foot clear heights, 2,500 amps of power for high-demand industrial users, and 49 dock-high doors—infrastructure that signals advanced manufacturing use.
"Brands West represents exactly the type of industrial real estate we seek out—well-located, newly delivered, fully leased, and built to support today's evolving manufacturing and logistics users," said Caleb Hebel, Principal at Aardex. "Its position along the I-25 corridor, proximity to major regional infrastructure, and strong tenant mix make it a highly durable asset. We're excited to add it to our Colorado portfolio and steward it for the long term."
The purchase was completed as part of a 1031 exchange—a tax-deferred real estate swap—following Aardex's disposition of an out-of-state asset. CBRE represented Hines on the transaction, with a team including Jeremy Ballenger, Tyler Carner, Keiffer Garton, Peter Kast, Pete Kelly, and TJ Antinora.
"There is strong demand from tenants and investors for Class A industrial product in Northern Colorado," said CBRE's Jeremy Ballenger. "Hines recognized that need and developed a state-of-the-art project that attracted some of Northern Colorado's best advanced manufacturing and logistics tenants bringing the project to 100 percent leased in a short period of time."
No official employment headcount, payroll, or site-level wage data for the campus appears in available public materials—leaving unanswered questions about jobs, wages, and infrastructure impacts in the Crossroads area.
The Northern Colorado Regional Airport, which generates approximately $296 million in annual regional economic impact and supports over 1,000 jobs according to a 2020 CDOT study, sits near the campus. That proximity, combined with I-25 access and a large regional labor pool, has drawn national industrial operators to cluster at Brands at the Ranch.