Speculative Technology Campus to Break Ground in Colorado Springs
A 210,000-square-foot, Class A office development will break ground in Colorado Springs early next year. Denver-based Flywheel Capital will deliver Peak Technology Campus, providing secure ready sites for the aerospace and defense industry. According to Newmark Research, the project will be the largest speculative office development in Colorado Springs since 2001.
The property is located in Peak Innovation Park, the 900-acre master planned business park at the entrance to the Colorado Springs Airport. Peak Technology Campus will showcase four new single-story office buildings, featuring efficient full-floor and multi-tenant configurations, secure ready sites with dedicated entries, building signage, loading docks, 4.5 spaces per 1,000 square feet parking ratio, and secured satellite area. Building plans for the new development include 50,000 square feet at Building 1, 40,000 square feet at Building 2, 60,000 square feet at Building 3, and 60,000 square feet at Building 4.
Newmark’s Executive Managing Director Kenton Mau, Managing Director Brian Wagner and Director Mark O’Donnell have been selected as exclusive leasing agents.
“Peak Technology Campus is the first speculative office development in Colorado Springs in nearly a decade. The development of Peak Technology Campus addresses the market’s demand for dedicated and secure space in the technology and/or defense sectors during an opportune time of growth in the Colorado Springs market,” stated Newmark’s Wagner. “For employers looking to attract top talent–an educated and ambitious workforce–as well as the combination of amenities, access and residential offerings within minutes from a property, Peak Technology Campus delivers.”
The site is proximate to multi-modal transportation, situated at the entry to Colorado Springs Airport, with easy access to Peterson and Schriever Air Force Bases, and Interstate 25 via Milton E. Proby Parkway. Peak Innovation Park includes Northrop Grumman Aerospace (under construction on a $100 million expansion) and Amazon (under construction on a 4 million-square-
Peak Technology Campus is located within the Colorado Springs Region Opportunity Zone, Pikes Peak Enterprise Zone and Commercial Aeronautical Zone (CAZ) which can provide companies with various tax incentives tied to overall employment levels and/or job creation. Building 1 will break ground in the first quarter of 2021 and is set to deliver in the third
quarter of 2021.
Rendering courtesy of Intergroup Architects