Centre Point buys office building

Centre Point Properties acquired Clear Creek Office Park at 4251 Kipling St. in Wheat Ridge for $7.8 million. The five-story building historically averages 85 percent or higher occupancy, but was 75 percent leased due to the loss of a large tenant while it was under contract, according to Centre Point President Tucker Manion. “We placed…

Jill Jamieson-Nichols

December 14, 2015

Boulder to see first net-zero development

A 100,000-square-foot office/retail development in Boulder will break ground in more ways than one. “We’re the first net-zero project in Boulder and one of the first in the country that I know of that hasn’t been built by either the government or a foundation,” said Andrew Bush of Morgan Creek Ventures in Boulder. A joint…

Jill Jamieson-Nichols

November 30, 2015
Union Station

Trends in action: Union Station wing buildings

The Union Station wing office buildings – often referred to as One Union Station and the IMA Building – exemplify many of the trends the Denver office property market is witnessing. A large part of both buildings’ success – each sold for over $600 per square foot to GLL Real Estate Partners, a German-based international asset…

Michelle Askeland

October 29, 2015

Granite to build 300,000-sf spec office building

Granite Properties will change the Greenwood Village skyline with a 10-story speculative office building that will bring high-quality space to the southeast suburban submarket. “As owners of Plaza Tower One, and we see firsthand the demand for Class A office space, and the shortage of high-quality space in the market,” said Stephanie Lawrence, Granite Properties…

Jill Jamieson-Nichols

October 5, 2015

Niederman, Hutto to develop One DTC West

A 75,500-square-foot Class AA office building will be developed on the bustling East Belleview Avenue corridor in Denver Tech Center West. Kentwood Real Estate CEO Peter Niederman and Frank Hutto, a Denver energy industry executive, will develop One DTC West, an approximately $24 million project, at the northwest corner of East Belleview Avenue and South…

Jill Jamieson-Nichols

September 14, 2015

Owner hands over reins to Elephant Corral

After 24 years of ownership, Elcor Partners Ltd. has decided to let someone else take the reins of an important piece of Denver’s history. “It was time,” Bill Saslow of Elcor Partners said of the Elephant Corral, an office property Stoltz Real Estate Partners bought for $17 million. “There’s been so much interest in properties…

Jill Jamieson-Nichols

February 16, 2015