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Page 8 — COLORADO REAL ESTATE JOURNAL — January 7-January 20, 2015
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Panasonic Enterprise
Solutions lands on site
Panasonic Enterprise Solutions
Co. will create a hub for its rap-
idly growing business solutions
operations, and a new technol-
ogy center, at the Peña Station
light-rail stop next to Denver
International Airport.
The expansion, which will take
place on a portion of a 400-acre
master-planned transit-oriented
development site called Peña
Boulevard Station, will create an
estimated 300 jobs and include
the company’s operations base
and assembly facility. LC Fulen-
wider Inc. is developing the
property in conjunction with
DIA, the city and county of Den-
ver and two other landowners.
It is located along the Regional
Transportation District’s East Rail
Line at East 61st Avenue and
Peña Boulevard.
While it is very early in the
process, “The preliminary pro-
gram which we have been work-
ing with them on calls for about
100,000 square feet with room to
expand,” said Cal Fulenwider III
of LC Fulenwider. “We’ve identi-
fied a site for them that will be
highly visible from the rail stop
at Peña Boulevard.”
The building will house offices,
product display and light assem-
bly.
“Their commitment to our rail
stop is huge,” said Fulenwider,
who noted the property is a
blank slate that Panasonic Enter-
prise Solutions will help define.
“They’re going to help really turn
this into something special, and
the building will reflect that,” he
said, adding the plan is to com-
plete the building concurrently
with opening of the rail stop in
second quarter 2016. The project
will require “massive” infrastruc-
ture, Fulenwider said.
The goal is to make the area
around the Panasonic site a glob-
al showcase for state-of-the-art
sustainable community devel-
opment using the same princi-
ples Panasonic incorporated in
its Fujisawa Sustainable Smart
Town near Tokyo, Japan.
Denver Mayor Michael B.
Hancock heralded Panasonic’s
plans as a leap forward for Den-
ver’s “Corridor of Opportunity”
between downtown and DIA,
and the new “Aerotropolis.”
“When global, forward-think-
ing companies like Panasonic
choose Colorado as a home base,
we know that we are well on our
way to being the most innova-
tive state in the country,” added
Gov. John Hickenlooper. “With
the latest transportation project
underway to further connect
our renowned airport, and as
home to the nation’s most edu-
cated and talented workforce, we
know Panasonic will find great
success here.”
Molson Coors moves
to 1801 California
Molson Coors Brewing Co.
leased 53,872 square feet of office
space at 1801 California St. in
downtown Denver.
Cassidy Turley Senior Vice
President Ted Harris andManag-
ing Director Travis Young rep-
resented the tenant in the lease.
Cushman & Wakefield of Colo-
rado Executive Vice President
Nick Pavlakovich and David
Sternberg, senior vice president
of Brookfield Office Properties,
which owns the building, repre-
sented the landlord.
“We are pleased to be mov-
ing to 1801 California, which
will allow us to maintain our
headquarters presence in vibrant
downtown Denver,” said Sam
Walker of Molson Coors. “This
new location enables us to bring
together our offices and employ-
ees under one roof and remain
in the heart of Denver’s thriving
business community.”
Harris said, “1801 California
is an ideal setting for Molson
Coors, a landmark location for
one of Colorado’s iconic com-
panies and one of the world’s
leading brewers. The transaction
also is a testament to Brookfield’s
renovation of the building into a
truly Class A asset.”
The brewer will move into the
space in October.
WorldRemit picks
city for headquarters
London-based WorldRe-
mit leased 11,126 square feet at
Dominion Towers in downtown
Denver for its North American
headquarters.
WorldRemit allows customers
to transfer money online to peo-
ple in more than 110 countries
and is expanding to include the
United States. The office at 600
17th St. will open in January with
a staff of 100 and is projected to
grow to 218 employees within
five years.
“Denver offers the perfect com-
bination of a highly skilled work-
force, supportive local authority
and idyllic location. The city is
already gaining a reputation as
a go-to destination for the bur-
geoning financial tech sector and
stealing the thunder of NewYork
and Silicon Valley,” said Worl-
dRemit founder and CEO Ismail
Ahmed.
The Colorado Office of Eco-
nomic Development & Interna-
tional Trade approved incen-
tives for the company totaling
up to $3.4 million, including Job
Growth IncentiveTaxCredits and
Colorado First job training grant
incentives. The Denver Office
of Economic Development also
pledged an estimated $110,000 of
incentives that include support
from the city’s Business Incentive
Fund, business personal prop-
erty tax credits and workforce
development support.
JLL represented WorldRemit in
its lease transaction.s