Children’s Hospital Colorado signed a long-term lease for 105,806 square feet of office space near the Anschutz Medical Campus.
The lease with Northstar Commercial Partners will fill the remaining vacancy in the 113,568-sf building at 830 Potomac St. in Aurora. An investment entity created by Northstar bought the building, which was vacant, for $3.4 million four years ago.
A Children’s Hospital representative said the hospital hasn’t finalized its plans for the space but is working on expanding some services to be housed in the building and is looking forward to growing its presence in the Fitzsimons area. The building is just south of its hospital at the Anschutz Medical Campus.
Robert Whittelsey of Colliers International represented Children’s in the transaction.
According to Northstar Commercial Partners, the move will bring hundreds of jobs to the space and represent more than $27 million in value.
Matt Smith of Vector Property Services and Gabe Uhrig of Northstar represented the ownership in the lease.
“Having Children’s Hospital as a future tenant at this building is a perfect fit in just about every way,” said Brian Watson, Northstar founder and chairman. “This building will allow Children’s Hospital the right office and medical space to meet their growing needs, while providing them with excellent signage and exposure on I-225 between Colfax and Sixth Avenue, near the Fitzsimons medical campus, where Children’s Hospital already has a major presence.
“Northstar couldn’t be more eager for the opportunity to provide such space to Children’s Hospital, as they are one of the most trusted and quality champions of our community.”
Children’s Hospital Colorado has 16 Colorado locations with more than 3,000 pediatric experts, serving children and their families in Colorado and throughout the region.
Denver-based Northstar Commercial Partners is focused on creating jobs and empowering people through the acquisition, rehabilitation and lease-up of vacant commercial real estate buildings.