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 Boulevard, CoRE – Colorado Research Exchange, will consist of four buildings, three of which will be four-to-five story tenant buildings ranging from approximately 110,000 to nearly 200,000 square feet. The fourth property, to be utilized as an amenity center, will be 15,960 square feet.
The campus is being designed by HKS Architects, a leading designer of lab space, with modern buildings optimized to accommodate a variety of lab, research & development, and light manufacturing uses, while flexible enough to accommodate all types of office uses. A best-in-class amenity center will include a fitness center, locker rooms, bike storage, a tenant lounge with fireplace, an outdoor terrace, a state-of-the-art conference/training facility, and a quality food market. Each tenant building boasts views of the Front Range, while abundant green space connects each of the properties.
Current demand for life sciences space in the Boulder area has reached over 1.4 million square feet and continues to grow as companies focus on the market for its access to talent, capital and business-friendly environment. The partnership envisions CoRE as an ecosystem designed to accommodate a variety of users in life science and technology, with Class-A amenities unheard of in this fast-growing sector.
Customers will be able to take advantage of the abundant surface and covered parking options and enjoy collaboration space on the outdoor balconies with views of the Boulder Flatirons. Floorplates will range from 25,000 square feet to 40,000 square feet, will feature 14′ to 18′ ceiling heights, enhanced floor loading, and are structurally designed to minimize vibration. Each building will have loading docks and will be designed to accommodate specialized HVAC systems and emergency backup power.
“Our purpose-built campus will include tenant spaces designed specifically to accommodate lab/life science or tech uses,” says Scott Caldwell, senior vice president of Lincoln Property Company. “Companies won’t need to rehabilitate or convert old office or industrial space; these facilities will be on the cutting edge of critical environments for a broad range of uses.”
Lincoln Property Company will be working with CBRE’s Chris Phenicie, Erik Abrahamson and Blake Harris on the marketing and leasing of the project.