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Tech company takes S’Park office space

Market Building
Worksbureau designed the Market Building at S’Park, which is under construction.

A technology company with operations in Boulder has leased the entire office component of a new mixed-use building at S’Park in Boulder.

Splunk will occupy approximately 42,000 square feet in the Market Building, a 53,000-sf building with ground-floor retail. The building is slated for completion in early 2019.

“Splunk has long recognized the tremendous pool of technology talent here in Colorado,” said Jim Lejeal, Splunk vice president and Boulder general manager. “We strive to provide our employees around the world with the best possible work environment and are excited to expand our role in the Boulder business community.”

S’Park is a mixed-use, mixed-income, transit-oriented development being developed by Boulder-based Element Properties, The John Buck Co. and Kinship Capital. It is located on 6.8 acres along Valmont Road, on the former Sutherlands Lumber property in Boulder Junction.

“We’re delighted that Splunk chose the Market Building in S’Park for its home in Colorado,” said Justin Parr of The John Buck Co. “Splunk and its team members will bring a great energy to the project. Our development team, and our retail and restaurant partners are excited to welcome them to our neighborhood.”

Splunk currently occupies about 25,000 sf on Pearl Street in downtown Boulder.

With the new space, it is “creating space for hundreds of new jobs as we grow our product, marketing and engineering teams,” Lejeal said in a blog on the company’s website.

Chris Wiley & Carter Beim of Colliers International represented Splunk in the lease transaction. JLL brokers Joe Heath and Don Misner represented the owners.

S’Park will include more than 100,000 sf of Class A office space, more than 300 apartments and townhomes, as well as a retail-lined plaza supported by underground parking and access to the Regional Transportation District’s bus rapid-transit station.

Featured in CREJ’s Nov. 21-Dec. 4, 2018, issue

Jill Jamieson-Nichols has been an Editor with the Colorado Real Estate Journal for more than 15 years, providing coverage of office, industrial, hospitality and mixed-use development news in the Denver metro area, plus all property types in Northern Colorado, Boulder County and along the Highway 36 corridor. Prior to joining CREJ, Jill was Editor of…