Colorado State Land Board Selects Hospitality at Work to Manage Property Portfolio
The Colorado State Land Board has selected Denver-based Hospitality at Work,® a hospitality driven commercial property manager, to manage its thirteen building commercial portfolio, totaling 650,00 square feet and valued in excess of $130 million. The portfolio includes Class A and B multi-tenant office, flex and industrial properties located along the Colorado Front Range, including Denver, Centennial, Fort Collins, Golden, Loveland, Louisville, and Avon.
“After a rigorous RFP process, Hospitality at Work was selected because the Land Board staff was impressed with their written and verbal presentations, their commitment to tenant satisfaction, and their utilization of creative technology tools,” said Julie Majors, commercial project manager with the State Land Board. “The (Land Board) staff was further impressed by the company’s responses to the COVID pandemic and the recent challenges it has presented.”
The State Land Board owns and leases a mix of assets including land, mineral estate, and commercial real estate that comprises a $4 billion trust for the benefit of Colorado’s public schools. The agency began acquiring commercial real estate in 1996, increasing the size of its portfolio substantially over the past ten years. The agency has distributed approximately $2 billion to public schools since 2009.
Hospitality at Work customizes programs and services for each property based on tenant mix, property size, location and tenant feedback. Popular programs include donation drives, grab-n-go food options, and fitness classes. In recent years, the company has also made significant investments in new technology in order to streamline accounting, lease administration and vendor management.
“Our team is honored to be entrusted to protect both the value of these important assets, and the daily well-being of the companies and workers that spend their days in these buildings,” noted T.J. Tarbell, senior vice president of hospitality at Work. “I hope our tenants take pride in knowing their rent helps fund Colorado’s schools.”
Hospitality at Work currently manages in excess of five million square feet of office properties in Colorado, California and Washington, DC.