Construction of Final Industrial/Flex Building at CTC Now Complete
With the continued demand for industrial product in Metro Denver, today, Etkin Johnson Real Estate Partners announced the completion of 725 Tech Court, a new 146,318-square-foot industrial/flex building, located in Louisville Corporate Campus at the Colorado Technology Center (CTC).
725 Tech Court marks the final phase of the nearly 400,000-square-foot, three-building Louisville Corporate Campus. Etkin Johnson previously completed and fully leased two buildings at 700 Tech Court and 600 Tech Court.
“With easy access to both Boulder and Denver, 725 Tech Court offers amenities that companies need to attract and retain top talent,” said Ryan Good, executive vice president and partner at Etkin Johnson. “State-of-the-; industrial/flex space like this remains in high demand as companies look for opportunities to enter or expand in Boulder County.”
Net absorption of industrial space in 2020 topped 3.7 million square feet, according to data from CBRE, an increase of 23.9 percent over 2019. In spite of record levels of new construction in the market, the direct vacancy rate in Metro Denver has remained mostly flat, an indicator of continued demand for industrial product.
High-tech, energy-efficient flex properties like 725 Tech Court are even more difficult to find, as much of the new construction is more traditional industrial space on Metro Denver’s northeastern side.
725 Tech Court features an energy-efficient design, with 24-foot ceilings, an abundance of natural light from 10-foot windows, ESFR sprinkler system, ample parking and multiple loading docks. The new building also includes operable overhead glass doors to create flexible indoor/outdoor workspaces.
Etkin Johnson currently owns and manages more than 1.6 million square feet of industrial/flex space in the CTC. The firm’s current portfolio includes office and industrial properties totaling nearly 2.5 million square feet across the Front Range, along with multifamily holdings.