McWhinney raises just under $4M for sixth Centerra industrial development

LOVELAND — The company behind the Centerra developments in Loveland has raised $3.99 million for another industrial building in the city’s south side.

McWhinney Real Estate Services Inc. raised the funds from nine investors via its subsidiary CIndustrial Six Investments LLC, according to a disclosure to the U.S. Securities and Exchange Commission Tuesday. The subsidiary is registered to McWhinney general counsel Michael Warren and shares the same address as the developer’s Loveland headquarters.

CIndustrial Six does not own any land in Larimer County, according to property records.

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McWhinney has previously used “CIndustrial” as monikers for entities through which it raises funds from investors to build industrial properties.

McWhinney spokeswoman Celeste Smith confirmed the proceeds will be used to construct a new building next to the 123,000-square-foot warehouse leased to Amazon Inc. (Nasdaq: AMZN), just west of the I-25/Crossroads Boulevard interchange. Crews are expected to start laying the new structure’s foundation in the next several weeks.