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Page 6 — COLORADO REAL ESTATE JOURNAL — January 21-February 3, 2015
First American Title
National Commercial Services
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It is with great pleasure First American Title Insurance Company – National Commercial Services
announces the following employees’ expanded roles and responsibilities within our company:
Lauri Craft, Support Services Manager
Jessie Lampin, Production Manager
R. Kristofer Claps, Associate Underwriter
Ernest Shively, Commercial Title Assistant
Thank y u f r your continu d d dication and determination. Great job!
It is with great pleasure First American Title Insurance Company – National Commercial Services
announces the following employees’ expanded roles nd responsibilities within our company:
Lauri Craft, Support Services Manager
Jessie Lampin, Production Manager
R. Kristofer Claps, Associate Underwriter
Ernest Shively, Commercial Title Assistant
It is with great pleasure First American Title Insurance Company – National Commercial Services
announces the following employees’ expanded roles and responsibilities within our company:
Lauri Craft, Support Services Manager
Jessie Lampin, Production Manager
R. Kristofer Claps, Associate Underwriter
Ernest Shively, Commercial Title Assistant
It is with great pleasure First American Title Insurance Company – National Commercial Services
announces the following employees’ expanded roles and responsibilities within our company:
Lau i Craft, Su port rvices Manager
Jessie Lampin, Production Manager
R. Kristofer Claps, Associ te Underwr ter
Ernest Shively, Commercial Title Assistant
Thank you for your continued dedication and determination. Great job!
Lauri Craft
Support Services Manager
R. Kristofer Claps
Associate Underwriter
Jessie Lampin
Production Manager
Ernest Shively
Commercial Title Assistant
is excited to announce the expanded roles and responsibilities
of talented servi e team memb rs in Colorado.
We recog ize their skill and d dication.
Greater Denver
by John Rebchook
Dr. W.L. Asher runs a weight
loss clinic in Littleton.
But through his Asher Invest-
ments, he also has been an avid
investor in apartments in the Den-
ver metro area since the 1970s.
Late last year, Asher Invest-
ments purchased the 297-unit
Alta Harvest Station from its
developer, Wood Partners, for
just under $64.5 million. The sales
price for the community at 11775
Wadsworth Blvd. in Broomfield
equates to $217,000 per unit.
“I’m not sure if this was his big-
gest transaction ever, but it was
pretty big for him,” said David
Potarf, who listed and marketed
the property with fellow CBRE
team members Dan Woodward
and Matt Barnett.
Asher, who could not be
reached for comment by press
time, beat out a number of other
buyers for the 13-building Alta
Vista community, which opened
in early 2014.
“We had a dozen or so offers for
Alta Vista,” Potarf said.
“A number of institutional
investors were extremely inter-
ested in buying it,” he said.
Prospective buyers really liked
its location and the quality of con-
struction, he added.
“Dr. Asher was competing
against a lot of institutional inves-
tors,” Potarf said.
“He really knows and under-
stands that market, so I think it
being in his backyard, so to speak,
he really knows its potential,”
Potarf said.
“AltaHarvest Station represents
a great collaboration with the
city of Broomfield, who worked
closely with us to rezone the site
to allow multifamily housing,”
said David Jaudes, development
associate at Wood Partners. “The
project is also adjacent to the U.S.
36 Bus Rapid Transit, an impor-
tant component of FasTracks often
overlooked.”
Potarf noted that it is close to
many high-tech firms in the Inter-
locken business park in Broom-
field and is midway between
Boulder and downtown Denver.
The community has 283,175
square feet of space.
Wood Partners understood the
importance of the site when it ear-
marked it for development.
“Our primary goal for this new
multifamilycommunity is toserve
the nearby Interlocken/Broom-
field business hub, where recent
job growth has been strong,”
director Tim McEntee, who han-
dles all Wood Partners’ develop-
ments in the Rocky Mountain
area, said when Wood Partners
announced the community.
Alta Harvest Station has 175
one-bedroom units, 107 two-bed-
room units and 15 three-bedroom
units. The average size of a unit
is 940 sf.
It was designed by the Dallas-
based architectural firm of Wom-
ack + Hampton.s
Asher Investments bought Alta Harvest Station.
will have building signage that
announces its presence to peo-
ple heading into the city from
the airport.
Prologis, a global distribu-
tion facilities provider, leased
the building to Kärcher.
“We are pleased to lease this
prime office building to Kärch-
er. We share a similar interna-
tional focus, so it’s easy to see
why a company like Kärcher
would be drawn to this state-
of-the-art space and want
to use it as their new North
American headquarters,” said
Wayne Barrett, Prologis vice
president and market officer.
Prologis said it wasn’t fully
utilizing the space, so it made
more sense to put it on the mar-
ket. Kärcher signed a 10-year
lease and will move its 148
local employees into the build-
ing in April. The company cur-
rently is housed in a signifi-
cantly smaller space at 750 W.
Hampden Ave. in Englewood.
Kärcher has been growing in
Denver and needed to expand
out of its existing space, accord-
ing to Valarie Johnson, Kärcher
communications manager. “We
needed to grow in order to
accommodate our company’s
growth. We also were looking
for something that was more
reflective of the type of com-
pany we are in terms of inno-
vation and sophistication and
to have that kind of an image
when we deal with clients and
people who are coming here
from all over the world when
we have our board meetings,”
she said.
Kärcher is one of the world’s
largest manufacturers and pro-
viders of floor care cleaning
equipment and services for
the industrial, commercial and
residential markets. Its expan-
sion is symbolic of growth of
manufacturing companies in
Colorado, said Johnson.
“I think it speaks volumes in
terms of what is happening in
the growth of manufacturing
and how that contributes to the
Colorado economy,” she said.
JLL brokers Joe Heath, Andy
Ross and Don Misner repre-
sented Prologis in the lease
transaction. Andy Cullen and
Tim Bourdelais, also of JLL,
represented Kärcher.
The four-story building has a
fitness facility, conference and
employee dining facilities, a
grand lobby with granite floors
and an outdoor plaza with seat-
ing and a water feature. s