“When you first start, focus on getting to know your market – don’t worry about closing deals, that will come.”
Erik Abrahamson, senior associate with CBRE has come a long way since he put together his first speculative development deal in Louisville, CO. The deal served as a defining moment in his career that ultimately led him to more than $74 million in closed transactions and relationships with some of the most prominent clients in Colorado’s commercial real estate industry.
Erik is a senior associate of Advisory & Transaction Services based in CBRE’s Boulder office. He partners with Jeremy Kroner to provide their clients with comprehensive service delivery that covers office, flex and industrial product lines in the Highway 36 corridor, encompassing northwest Denver and all of Boulder and Broomfield County. With a background that includes commercial property development, acquisitions/dispositions and brokerage, Erik has comprehensive knowledge of the office and flex real estate market in the Boulder/Denver region.
“We have been involved in numerous transactions in the Boulder Junction area. We’ve seen it transform from a traditionally industrial area to Class AA office buildings that we’re now leasing. It’s been exciting to see the changes in that part of town,” says Abrahamson.
The deal that remains his proudest to date is Summit at CTC, a 62,400-square-foot industrial and flex development located in the CTC business park in Louisville, CO. The building was 100 percent leased before construction was completed, leased to SolidPower and Colorado Therapeutics.
“We identified land, represented a developer on the purchase, and then fully leased the building for that developer prior to delivery. Completing that set of transactions was a defining moment for me — I’m most proud of it because it’s the first deal I’ve worked 100 percent that started with raw dirt and finished with us leasing the entire building.”
Abrahamson secured the deal by cold calling his prospective clients, a method he whole heartedly believes in and encourages younger brokers at his firm to utilize.
When asked what advice he would give to CRE brokers just entering the industry, he said, “When you first start, focus on getting to know your market – don’t worry about closing deals, that will come. Focus on learning every building and tenant in your market so you can talk intelligently about where you are focused.”
Some of Erik’s most significant Colorado assignments include Boulder Commons, Sun Products Warehouse and the Butterball Processing Plant.
Erik earned his Master of Science in Civil Engineering from the University of Colorado in Boulder. He was also a DMCAR Top Young Broker of the Year Finalist in 2013.