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A joint venture of VanTrust, CP Real Estate Capital and NAI Highland Commercial has started construction on Falcon Commerce Center, a two-building, 363,955-square-foot industrial complex in Monument, Colo., a Denver submarket. This is VanTrust’s first development in the state.

JLL Senior Managing Director Carmon Hicks and NAI Highland Commercial Principal Randy Churchill Dowis will handle leasing efforts. Building B is set to come online in the first quarter of next year, while Building A will deliver the following quarter.