A national manufacturer of equipment for restaurants and cafeterias is the latest company leaving Elyria-Swansea ahead of the redevelopment of the National Western Stock Show complex.
BSI is moving from Race Court to an industrial park southeast of Interstates 25 and 76 in Adams County, according to the real estate firm CBRE. BSI declined to talk to Denverite on Thursday.
Several companies around the National Western complex are having to relocate as the city and county of Denver buys about 106 acres of private property to expand the facility. As of Jan. 31, the city had control of almost half — 18 out of 38 — of the parcels it plans to acquire. Demolition work is expected to start sometime this year.
“BSI relocated from an area impacted by the National Western Center redevelopment project. Remaining in a central location was important to employees and leadership alike,” said Tyler Carner, senior vice president with CBRE’s Denver office, in a statement.
Carner helped negotiate the deal on behalf of the landlord Hub 25.
Hub 25 is a 421,499-square- foot industrial park completed during the end of 2016. BSI leased all of 117,000 square feet of Building A in the park.