Ent starts work on 330,000-sf HQ facility

Ent Credit Union will break ground Oct. 23 on its new 330,000-sf, seven-story facility near InterQuest Parkway and Interstate 25 at The Campus at Foothills Farm – nearly tripling the size of its current space.

Colorado’s largest credit union is set to start construction this month on its new headquarters campus, which could reach more than a half million square feet at build- out.

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Ent Credit Union will break ground Oct. 23 on its new 330,000-sf, seven-story facility near InterQuest Parkway and Interstate 25 at The Campus at Foothills Farm – nearly tripling the size of its current space.

It recently purchased the 29-acre parcel from LaPlata Communities Inc., where its headquarters will house the firm’s call center, consumer and mortgage lending, information technology, finance and accounting, human resources, member services, and administration and executive teams, for example.

Ent Credit Union will be located within “The Farm,” a 445-acre mixed-use residential and commercial master-planned community located along Interstate 25. Additionally, it will be located near Centura Health’s planned medical campus, In & Out’s regional office and distribution facility, Great Wolf Lodge, Sheels, New Life Church and Pikes Peak Community College, as well as several apartment communities, including the planned 264-unit Springs at Foothills Farm apartments.

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“The northern portion of Colorado Springs is ground zero for these types of corporate users in the city,” explained Randy Dowis of NAI Highland, who represented Ent with Craig Anderson of NAI Highland.

Additionally, the concentration of business parks in the northern part of the city benefits from a strong employment base, shopping, hotels, mid- and high-end housing and proximity to I-25, said Dowis.

Ent’s site could accommodate 650,000 sf at build-out and as many as 1,100 employees over the next seven to 10 years.

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Shea Properties of Denver is the development manager of the project, slated for completion in third-quarter 2021. GE Johnson Construction Co. is the contractor. Core and shell architect is Davis Partnership Architects with Acquilano as the interior design architect.

Michael Suggs of NAI Highland represented the seller.

Currently Ent owns and leases space for its back-office operations at its current headquarters, spanning three buildings at I-25 and Woodmen Road.

“Although we have more than 30 service centers located along the Front Range, Colorado Springs has been the home of Ent’s headquarters for more than 60 years,” Ent CEO Chad Graves said in a release announcing the expansion. “Maintaining our credit union’s headquarters in Colorado Springs is an investment in the long-term economic health and vitality of the city that we’re proud to call home.”

Featured in CREJ’s October 16-November 5, 2019, issue

Jennifer Hayes has been an editor with the CREJ since 2000. Jennifer covers multifamily and retail news in the Denver metro area plus all property types in Colorado Springs and Southern Colorado. She also covers the finance market as well as solicits bylines articles and is editor of the Health Care Properties Quarterly. Before joining…