Market Station Refinanced for $130M
Market Station, a newly built, Class A mixed-use project totaling 339,494 square feet in Denver’s LoDo, has been refinanced for $130 million, according to JLL. The borrower, a joint venture between Continuum Partners, LLC and Clarion Partners, LLC, to secure the 12-year, fixed-rate loan through a life company correspondent lender. …
Two-Tenant Medical Property in Colorado Springs Sells for $10.6M
SRS Real Estate Partners’ National Net Lease Group (NNLG) announced today it has completed the $10.6 million sale of a fully occupied, two-tenant medical retail property located at 1910 Lelaray Street in Colorado Springs. Built in 2009 and situated on 2.14 acres, the 19,187-square-foot property is fully occupied by Liberty …
Elevate Secures Nine Property Mangement Assignments
Elevate Real Estate Services (Elevate), a Denver-based independent firm offering comprehensive management solutions, has secured nine new property management assignments totaling over 330,000 square feet of space. The properties include seven office buildings, one retail center, and two industrial buildings. 7500 E. Arapahoe Rd. is a 38,867-square-foot office building with …
Mile High Trendy Office: Pear Workplace Solutions
Pear’s “hybrid” offices have become a destination for their employees and clients to see a positive and rewarding return-to-work model. With a 40 percent reduction in space, but a 100 percent increase in comfort and livability in their new hybrid work environment, the design not only saved Pear Workplace Solutions …
Tepuy Properties Purchases USA Triathlon Building in Colorado Springs
On Friday, April 29, Tepuy Properties closed on a 38,638-square-foot, 3-story office building at 5825 Delmonico Drive, the company’s first property purchased in the Colorado Springs area. “We are excited to diversify our portfolio a bit and find new opportunities outside of our current geographical footprint,” said Brandi Prochazka, Tepuy’s property manager. The …
Lincoln Property Company to Bring Life Sciences Campus to Broomfield
In response to the increasing demand for life science space in the Boulder market, Lincoln Property Company and FCP®, a privately held real estate investment company, are set to begin construction of a 450,000-square-foot life sciences campus in Broomfield this fall, with delivery scheduled for early 2024. Located at 235 Interlocken …
Companies Weigh In on Office Space Needs Two Years from the Onset of the Pandemic
52 percent of survey respondents say they intend to reduce their office space over the next three years, mostly to eliminate excess space they anticipate will be freed up by remote work and more efficient use. That’s according to CBRE’s new survey of office-using companies. By contrast, most companies are …
Hybrid Office Becoming the New Norm, Says Cushman & Wakefield Study
Cushman & Wakefield today released a comprehensive study titled Office of the Future Revisited. The study reports on employees’ thoughts on returning to work; the need for flexible office workspaces; and increased demand for space in office-using industries. “There are two statistics that jump off the page in this report,” said David …
Office Building in Golden Sells for $20.9M
6th Avenue West, a multi-tenant office building in Golden, has sold for $20.9 million to Denver-based Centre Point Properties, LLC. Located at 350 Indiana Street, 6th Avenue West is an in-fill, Class A, eight-story office building totaling approximately 125,000 rentable square feet with covered parking. The building was 75 percent …
Credit Union of Colorado’s New HQ to Feature Smart Windows
In an effort to prioritize employee health and wellness and sustainabilty, View, Inc.’s Smart Windows will be installed at Credit Union of Colorado’s new corporate headquarters in Denver’s up-and-coming Central Park neighborhood. Credit Union of Colorado designed its new headquarters to create the ideal post-Covid work environment, with comfortable space between desks …