Stack Infrastructure, a Denver-based data center developer and operator, has acquired a 504-acre site in Stafford County, Virginia, for $302.3M, marking a significant expansion beyond Northern Virginia’s traditional data center hubs. The site, known as the Stafford Technology Campus, is entitled for 19 data centers with a projected power capacity of 1.8 gigawatts.
Peterson Cos., based in Fairfax, Virginia, sold the property after securing rezoning approval in September 2024, allowing for the development of a hyperscale data center facility near Interstate 95 and Stafford Regional Airport. The sale price of $600K per acre reflects growing demand for large-scale data center developments in emerging markets.
PEOPLE
The Colorado chapter of NAIOP announced its 2025 board of directors. Brandon Kramer of Marcus & Millichap will serve as president, with Evergreen Devco’s Brian Dietz as president-elect and Brinkman Real Estate’s Dan Metzger as immediate past president.
Other key leadership roles include Lisa Metzger of Chord Design Studio as DEI chair, Ian Nichols of Red Cedar Advisory Services as finance chair, and Tyler Carlson of Evergreen Devco as public policy chair.
SALES
Pinnacle Real Estate Advisors arranged the $1.2M sale of a 4,790 SF retail portfolio at 5500 and 5540 W. 29th Ave. in Wheat Ridge. Vice President Peter Sengelmann represented the seller.
CONSTRUCTION AND DEVELOPMENT
AdventHealth broke ground on an $81M, 88K SF medical campus in The Aurora Highlands, a 4,000-acre master-planned community south of Denver International Airport. The facility will include an emergency room with 10 exam rooms, an outpatient imaging center and clinic space with future plans for a Level 3 trauma hospital.
The AdventHealth Aurora Highlands ER is expected to open in fall 2026 and will be the first AdventHealth facility in Colorado to use geothermal energy for heating and cooling.
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International Workplace Group, the parent company of Regus, Spaces and HQ, is adding eight new flexible workspace locations in Denver, Greenwood Village, Lakewood, Fort Collins and Boulder, bringing its statewide total to 49 centers. Openings are scheduled through the second quarter.
THIS AND THAT
CBRE was chosen as the listing agent for SuperBlock, a 279K SF industrial development in Denver’s Airport submarket. The two-building project on 16.6 acres at 45th Avenue and Telluride Street is being developed by Evergreen Devco. The project broke ground in January and is set to deliver in Q1 2026.
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GE Johnson Construction has officially rebranded as DPR Construction, completing its integration with the national general contractor following DPR’s 2021 acquisition.
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Little Man Ice Cream is set to open its 11th retail location, this one in Denver’s Cherry Creek neighborhood, later this year. The new shop will be part of Town Pump Provisions, a mixed-use development at 2810 E. Third Ave. featuring a New York-style bodega and a fast-casual restaurant in addition to Little Man.
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Denver-based Thriftly, a software and logistics startup focused on optimizing thrift store operations, plans to open its own brick-and-mortar thrift store at 6460 E. Yale Ave. on Feb. 7. The shop will serve as a live showcase for Thriftly’s technology, which it says cuts donation sorting, pricing and online listing time from 20 minutes to 20 seconds.
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Denver added four new coworking spaces in Q4, bringing the total to 232, according to CoworkingCafe’s latest report. However, total square footage dropped 3% quarter-over-quarter to 3.55M SF, with the average size shrinking 5% to 15K SF.