Tech Firm Signs Long-Term Lease at S’PARK

BOULDERSplunk Inc. (NASDAQ:SPLK), a publicly traded high-tech firm, has signed a long-term lease for the entire office component, accounting for approximately 42,000 square feet, in the “Market Building” at S’PARK in Boulder, scheduled for completion in early 2019.

The John Buck Company, a premier, vertically-integrated real estate investment, development and operating company, Kinship Capital and Boulder-based Element Properties announced the lease, which is the first office lease executed in the S’PARK development.

“Splunk has long recognized the tremendous pool of technology talent here in Colorado,” said Jim Lejeal, vice president and Boulder general manager, Splunk. “We strive to provide our employees around the world with the best possible work environment and are excited to expand our role in the Boulder business community.”

Market will be a 53,000-square-foot mixed-use office with ground floor retail. The 6.8-acre TOD, mixed-use development commonly known as S’PARK is located along Valmont Road at the site of the former Sutherlands Lumberyard and features approximately 100,000 square feet of new Class A office, more than 300 residential apartments and townhomes, as well as a vibrant retail-lined plaza supported by underground parking and access to Boulder’s new RTD Bus Rapid Transit Station.

“We’re delighted that Splunk chose the Market Building in S’PARK for its home in Colorado. Splunk and its team members will bring a great energy to the project. Our development team and our retail and restaurant partners are excited to welcome them to our neighborhood,” said Justin Parr of The John Buck Company.

S’PARK ownership was represented by JLL in the lease agreement, while Colliers International represented the tenant. The Market Building at S’PARK was designed by Phoenix-based architecture firm Worksbureau.

The Market Building represents the first phase of S’PARK. The second phase will include 50,000 square feet of office, 16,000 square feet of retail, and will begin Q2 in 2019, with completion slated for Q2 2020.

Photo courtesy of S’PARK

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