A tenant leased one of three buildings in a new, high-image office/flex campus under construction at the Colorado Tech Center in Louisville.
Corr-Jensen, which manufactures and markets health and wellness products, signed a 10-year lease for a 37,540-square-foot building at The Collective, a state-ofthe-art campus at 199 S. Taylor Ave. The two-story office building will include a 60-foot wide glass overhead door that opens toward the Flatirons.
“Corr-Jensen needed space that embodied the Colorado experience for their employees. Moreover, The Collective offered them the opportunity to create an indoor/outdoor environment as well as the freedom and flexibility to customize their space as they saw fit,” said Patrick McGettigan of JLL, who handles leasing for The Collective’s developer, Entasis Group.
Andrew Blaustein of Newmark Knight Frank represented Corr-Jensen, currently located in Denver, in the lease.
The Collective, which includes two additional buildings of 31,000 sf each, is designed to provide modern workspace in a campus environment that highlights mountain views, direct connections to Boulder County Open Space trails, a private park and retail amenities. It will be delivered in first-quarter 2018 and represents a departure from concrete tilt-up industrial buildings that comprise much of the product in the Colorado Tech Center.
“This is in a different vein in that it’s more modern, contemporary – polished floors, exposed air ducts, clear garage doors that roll up,” said McGettigan. “This product hasn’t really existed prior to us building this. We feel like there’s demand for high-end office/ flex in that northwest submarket,” he said, noting vacancy in the tech center is “very low.”
The available buildings offer 20-foot ceilings and 12-by-12-foot glass overhead doors that can be used for office, storefronts or loading. There is signage available, which provides good identity for tenants,” McGettigan said. One of the available buildings has space for a coffee shop or restaurant concept.
“We would love to accommodate another full-building user for 31,000 square feet. We can go all the way up to 62,000 if we combine both buildings,” said McGettigan.
“There’s been a lot of initial interest,” he said, adding inquiries have come from people already in the tech center, as well as users in Boulder and along the U.S. Highway 36 corridor.
Dcb Construction Co. is the general contractor for The Collective.
Entasis, a Denver-based architecture and development firm, last year completed Urban Box, an office and office/flex condominium project in Westminster that sold out prior to completion. It recently broke ground on Fluid, a 31,000-sf modern, high-end office/flex condominium development at Park Centre Drive and North Tejon Street, also in Westminster.