Plant-based, fungi-focused protein manufacturer Meati Foods is leasing 76,463 square feet of Class A industrial space at 25 North in Thornton, Colorado. Meati will occupy two-thirds of a brand new 114,700-square-foot building that was constructed in 2020.
In the space, Boulder, Colorado-based Meati will house a large-scale, highly innovative “Urban Ranch” production facility, where Meati will build the capacity to grow millions of pounds its protein-packed alternative meats – paving the way for a nationwide consumer launch next year.
“Scaling an innovative production method that’s never been done before is a big challenge, but we’re making fast progress and we’ll soon reach the scale necessary to make Meati available across the country,” said Meati Vice President of Finance Tim Thomson. “We’re excited to do this locally at 25 North, and we can’t wait to give more people the chance to eat delicious protein with no compromises – for their health or the planet’s.”
25 North is a 70-acre master-planned industrial development that will consist of approximately 940,000 square feet of Class A industrial/warehouse/distribution/flex buildings when fully built-out. Three buildings totaling 340,200 sf have already been completed. Construction on the remaining 600,000 square feet is anticipated to begin in late Q3 of 2021.
The project comprises a variety of building sizes and designs offering tenants cross-dock, front-park/front-load and front-park/rear-load configurations. All buildings have energy efficient construction and feature 28’ clear height, abundant natural light via skylights and clerestory windows, ESFR fire suppression, efficient column spacing and bay depths, large truck courts and generous parking ratios.
The location is approximately 20 minutes from Downtown Denver, with immediate access and visibility from I-25, with convenient access to E-470. The property is also nearby many amenities and an abundant diversified workforce.
According to Cushman & Wakefield, the Denver industrial market reported a vacancy rate of 6.7% in the first quarter of 2021. The first quarter also produced a total of more than 3.7 msf of leasing activity driven by some large users, along with 718,000 sf of net occupancy growth to start the year.