Medtronic leases 40,657 sf in Colorado Tech Center building
Medtronic Navigation Inc. signed a lease for 40,657 square feet of office/flex space in the Colorado Technology Center in Louisville, boosting its presence on the U.S. Highway 36 corridor.
The global medical technology company will occupy a portion of the 92,576-sf building at 1480 Arthur Ave. in July. Etkin Johnson Group owns the property.
Ryan Good, Etkin Johnson vice president of leasing and sales, negotiated the transaction with Todd Wheeler of Cushman & Wakefield o…
Longtime owner sells Armory Building in $6.31 million deal
A historic Pearl Street building leased to a hip national retailer sold for $6.31 million.
R&L Properties, through a pair of limited liability companies, bought the Armory Building at 934 Pearl St. from Armory Building LLC. Urban Outfitters occupies the 12,298-square-foot structure, which was built in 1898 for Company H of the Colorado First Infantry.
“We were seeking out to try to find the best building in Boulder, and we think we did. It’s a great building, a h…
University of Colorado wins real estate challenge
A team from the University of Colorado won the Rocky Mountain Real Estate Challenge with its development scenario for a block within Boulder’s Civic Area.
The student competition is put on by NAIOP Colorado with sponsorship by Land Title Guarantee Co. The city of Boulder was this year’s project sponsor.
CU’s “Boulder International Center” included plans for an Andaz Boulder Hotel, a 108,302-square-foot Class A office building, a community events cen…
Conscience Bay acquires third industrial building for $8.8m
A Boulder private equity firm acquired the final piece of an industrial property strategically located near the city’s new transit village.
Conscience Bay Co. paid $8.8 million, or $88 per square foot, for the 100,000-sf industrial building on five acres at 3825 Walnut St.
The building is 100 percent leased to the Denver Newspaper Agency, Grainger Industrial Supply and eTundra, a restaurant supply company. It the last of three buildings that DPC Development Co. owned in Fo…
Westmoor buildings trade at $65.49 million
Investors are looking favorably on suburban office, as evidenced by a $65.49 million sale of an asset on the Denver-Boulder corridor.
Public records show Investcorp bought Westmoor Place, a 428,029-square-foot Class A office property, from CBRE Global Investors for $153.03 per sf.
The three LEED-certified buildings were 89 percent leased to tenants that include LGS Innovations, an Alcatel-Lucent subsidiary, and McKesson Technologies. The two tenants occupy approximately 270,000 …
Developer assembles Boulder redevelopment sites
A Denver-based company has been busy assembling redevelopment sites in Boulder, including five acres sandwiched between Whole Foods Market, the transit village and the Twenty Ninth Street shopping and entertainment center.
Brickstone Partners, which has been active in the Boulder student housing/apartment market, plans to begin the entitlement process for the property within the next 90 days. It is exploring 400,000 to 500,000 square feet of development, including office or hospi…
Spectralink gets back to its Boulder roots
Spectralink is on its way back to Boulder.
The company subleased approximately 35,000 square feet of office space from Tendril Networks at 2650 55th St. It is targeting an April 5 move.
“We wanted to get back to our roots,” said Michelle Chessler, director of marketing. “Not only did we want to get back to our roots and our heritage, but we also felt that the Boulder lifestyle and community suited this company well.”
Read the entire story in the April 3-…
Hines, Cushman highlight CU real estate conference
Commercial real estate icons Gerald Hines and John Cushman treated students and commercial real estate professionals to candid talk about their careers at CU’s annual real estate conference in downtown Denver Thursday. Hines, whose iconic buildings grace the world’s skylines, spoke about how quests for innovation and great architecture have guided his career, which began with a 5,000-square-foot building he built for a neighbor. Cushman, who in 1978 founded Cushman Rea…
CBRE gets listing on former ConocoPhillips site
CBRE has been awarded the listing on 432 acres in Louisville where ConocoPhillips once planned a global technology campus. The team consists of Martin Roth and Eric Roth, first vice presidents with the Denver Land Services Group; Frank Kelley, a senior vice president specializing in the Northwest Denver office and industrial submarkets; and Sanford Criner, executive vice president of Global Corporate Services. Formerly Sun Microsystems’ technology campus, the property sold t…
Data centers, collaborative offices emerging
Technology advances are driving huge growth in data center industry, and Colorado is well-positioned to capitalize on that growth, CBRE Director of Enterprise Management Kate Waggoner told NAIOP Colorado members at the organization’s annual economic forecast this morning. “Every company has a data center need, and storage demand is doubling every 18 months,” said Waggoner, adding Colorado is well-positioned because of its climate and affordable power. Discussing …
Fiscal cliff a 'primary concern' for commercial real estate
Cassidy Turley today released research examining the impending “fiscal cliff’s” impact on commercial real estate markets across the country. The report summarizes the various scenarios related to fiscal policy and then draws the link to commercial real estate. “The fiscal cliff is our primary concern regarding the continuation of Denver’s current positive growth,” according to Greg Morris, president and CEO of Cassidy Turley Colorado. “Goi…
Nichols to develop downtown Boulder project
A development team managed by The Nichols Partnership will develop the former Daily Camera site in downtown Boulder. The 60,000-square-foot site will house an $80 million mixed-use project with large floor-plate office space, retail and specialty uses, including an art house theater. Ten Eleven Pearl LLC bought the property from Karlin Real Estate for $13.5 million in a deal handled by Lynda Gibbons of Boulder-based Gibbons-White. For more details, see the Jan. 2 issue of the Colo…
Gingsborg honored by CSU
Veteran shopping center developer Allen Ginsborg has been named the 2012 Real Estate Entrepreneur of the Year by the Everitt Real Estate Center at Colorado State University - College of Business.Ginsborg is the managing director and principal of NewMark Merrill Mountain States.
The company owns and is redeveloping the Twin Peaks Mall in Longmont.
The award was presented by Eric Holsapple, the executive director of the Everitt Real Estate Center.
"Northern Colorado is extr…
Eldorado Ridge trades at $42.4 million
Eldorado Ridge, a Class A office park on the Denver-Boulder corridor, traded for $42.4 million, or $130.76 per square foot, according to public records. Lowe Enterprises teamed up with Starwood Capital Group to buy the 324,269-sf Broomfield property, according to Lowe’s website. Situated on a ridge that overlooks Interlocken Advanced Technology Environment, Eldorado Ridge consists of three buildings at 11001, 11101 and 10901 W. 120th Ave. CBRE brokers Geoff Baukol and Tim Sw…
Multiphase project to boost sustainability of CU-Boulder
A campuswide effort is under way in Boulder to help reinforce the University of Colorado’s reputation as a leader in sustainability and an innovator in efforts to reduce carbon emissions.
The multiphased project, anticipated to be fully operational by winter 2014, comprises three main elements: construction of a new heating and cooling plant that will be known as the East District Energy Plant and will serve as a showcase for energy-efficient concepts; renovation of the exi…
Market is back, declares Holsapple
“You heard it here first: The market is back” was Dr. Eric Holsapple’s concluding remark based on information presented at the 16th annual Northern Colorado Real Estate Conference today in Fort Collins. Holsapple is executive director of Colorado State University’s Everitt Real Estate Center, which hosted the event with the Northern Colorado Commercial Association of Realtors. Job growth is “very healthy” in Northern Colorado and in Denver, hous…
ULI honors Red Oak Park in Boulder
Boulder Housing Partners and its Red Oak Park development have won a 2012 Global Award for Excellencein Real Estate Design and Development by the Urban Land Institute.
BHP executive director Betsey Martens accepted the award this morning at ULI’s 75th anniversary national conference in Denver that ends today.
Red Oak Park was selected as one of 14 global winners from among a broad mix of exemplary projects from around the world, according to Randall K. Rowe, Chair of the U…
Phillips 66 scraps plans for Louisville research facility
Phillips 66 has scrapped plans for a global research facility in Louisville and plans to sell the 432-acre campus it acquired for $58.5 million. “After careful consideration of the needs of the new company and its employees, Phillips 66 has decided to sell its 432-acre property in Louisville, Colo. Phillips 66’s predecessor company, ConocoPhillips, purchased the Louisville property in 2008. As a result of the repositioning of ConocoPhillips into two independent energy …
Butterball lists Longmont turkey plant for $16.5 million
Butterball has listed its 326,309-square-foot facility on 27.57 acres in Longmont for sale at $16.5 million. CBRE brokers Jeff Counsell, Tyler Carner and Erik Abrahamson are marketing the property at 150 Main St. to food production users. It includes the main processing plant, a contiguous lab, parking, truck maintenance, spice blending and cold storage facilities, plus seven land parcels ranging from 0.07 to 12.27 acres. CBRE said all offers are being considered. Butterball close…
Boulder firm buys Tenth & Pearl for $16.1 million
A Boulder private equity firm acquired Tenth & Pearl, a distinct office/retail property on the Pearl Street Mall, for $16.1 million, or $383.33 per square foot. Conscience Bay Co. bought the Class A asset from a California partnership in an off-market deal. The property is 96 percent leased to tenants including SendGrid, which occupies approximately 7,500 sf; Porzak Browning & Bushong, which leases about 7,000 sf; and Bacaro Venetian Tavern, an approximately 5,000-sf …