BOULDER, CO – CBRE Group, Inc. announced today that it is relocating its Boulder office from 1600 Range Street in East Boulder to a new downtown location at 1301 Walnut Street. Beginning April 3, 2017, the commercial real estate services and investment firm will base its operations out of the Wencel Building, located at the intersection of 13th and Walnut, one block south of the Pearl Street Mall.
“Downtown Boulder is truly unique in its vibrancy and sense of community, and we wanted to seize the opportunity to be a part of that landscape,” said Pete Schippits, senior managing director and market leader for CBRE in Colorado. “Boulder-area companies will continue to experience the world-class service they can only find at CBRE, including our global platform, leading-edge technologies and local market expertise—only now those resources will be available from a convenient, central location right outside many of our clients’ doorsteps.”
CBRE is already a recognized leader in Boulder commercial real estate, participating in many of the area’s most-notable office deals, including SolidFire’s 67,000-square-foot relocation to Pearl West, Array BioPharma’s 120,000-square-foot headquarters transaction and sovrn’s 40,000-square-foot headquarters relocation to Flatiron Park.
“Centralizing our office downtown enhances the level of client service we can provide for our market-leading occupier services business, led by Alex Hammerstein, Marty Knape, Wade Wimmer and now Brian McClenahan, as well as our signature landlord and investor assignments for both office and industrial, led by Erik Abrahamson and Jeremy Kroner,” added Mr. Schippits.
Noteworthy projects being leased by CBRE’s Mr. Abrahamson and Mr. Kroner include 1881 9th Street, 1050 Walnut and 1900 15th Street in downtown Boulder; and Morgan Creek Ventures’ Boulder Commons, a 100,000-square-foot aspiring net-zero mixed-use project.
“For years Boulder has been a prime target both for investors and companies considering where to locate their operations,” said Erik Abrahamson with CBRE in Boulder. “This city boasts the perfect trifecta of outstanding quality of life, educated labor pool and a strong, supportive business community. It’s no surprise that Boulder is consistently cited as a top destination for startups, and that we are seeing more and more of America’s leading tech companies choose to open locations here.”
In addition to the office sector, the areas surrounding Boulder are experiencing a boon in industrial development including new projects such as The Summit at CTC and 168 Centennial, both in Louisville, and Interpark and North Park, both located in Broomfield.
“For many of the same reasons investors and office occupiers are drawn to Boulder, high-tech manufacturing, organic food and other cutting-edge industrial companies are also targeting the area. These companies understand that a strategic location either in Boulder County or along the US-36 corridor can provide a competitive advantage in attracting the best talent and improving the efficiency of their operations,” said Jeremy Kroner, a vice president with CBRE in Boulder.
Alex Hammerstein, Marty Knape and Wade Wimmer represented CBRE in the lease. The W.W. Reynolds Company of Boulder owns the Wencel Building.
Image Courtesy of Pixabay
