Page 10 —
COLORADO REAL ESTATE JOURNAL
— February 4-February 17, 2015
Boulder County & U.S. 36 Corridor
by Jill Jamieson-Nichols
Interlocken Advanced Technol-
ogy Environment has prevailed
as a place where large tech com-
panies can access the best of Boul-
der and Denver, and look good
doing it.
“I can’t think of a nicer office
park anywhere,” said David
Hart, execu-
tive manag-
ing director
at Newmark
Grubb Knight
Frank.
“It is one of
the best laid-
out, planned
and aestheti-
cally appeal-
ing parks in
the country,”
concurred Jay
Despard, vice
president of
Hines’ South-
west Region.
With
3.7
million square
feet of devel-
opment set
against
a
Rocky Moun-
tain backdrop, Interlocken com-
bines a tech employment base
with stunning natural beauty
and amenities that include a
first-class hotel and golf course,
regional mall, restaurants and
housing. Sun Microsystems, now
Oracle, and Level 3 inaugurated
the development along the U.S.
Highway 36 corridor with huge
campuses built in the late 1990s.
Although there’s plenty of room
for the 960-acre park to grow to its
targeted build-out of more than
10 million sf, Interlocken is down
to only one option for a sizable
office campus.
“This is the last remaining site
for a large office campus,” Hart
saidofEos at Interlocken, a31-acre
parcel with a single, 186,231-sf
Class A office building. The cam-
pus could swell to 856,000 sf with
construction of three additional
buildings that are planned.
Hart, who is marketing the Eos
campus for the owner, a Hines-
controlled development entity,
has watched Interlocken mature
since the early 1990s. He partici-
pated in 1.2 million sf of new
construction in Interlocken and
helped create the vision for a sus-
tainable, efficient office campus
borne out of Interlocken’s suc-
cess at attracting tech company
relocations and expansions from
California and Boulder.
Hines bought the vision, devel-
oping a 186,231-sf Class A office
building on a speculative basis in
2012. Now known as the Gogo
building for its anchor tenant, the
LEEDPlatinumbuilding has elec-
tric car charging stations; solar
panels that offset electric costs;
beetle-kill-pine finishes in the
lobby; sensor-controlled irrigation
and lighting systems; a 2,500-sf
fitness facility; and 50,000-sf floor
plates. “There is not a more effi-
cient floor plate anywhere,” said
Hart.
Operating expenses are $1.50 to
$2 per sf lower than other Class A
buildings in the market because
of building efficiencies, he said.
About 74,354 sf remains avail-
able in the building, and as that
space is consumed, a second
building will be constructed.
“There are companies that are in
the market now that are looking
to upgrade and improve efficien-
cies. There also are companies
that are in that northmarket look-
Eos at Interlocken is the last site available for a large office campus in Interlocken.
David Hart
Jay Despard
by Jill Jamieson-Nichols
A technology company recent-
ly exercised its option to buy an
industrial building in the Colo-
rado Tech Center for $1.79 million.
XetaWave, which makes radios
for wireless communications net-
works, paid $106.93 per square
foot for the 16,740-sf building it
occupies at 258 S. Taylor Ave. in
Louisville. AvaDan LLC was the
seller.
XetaWave moved to the prop-
erty fromBoulder last year.
The building was built in the
early 1990s. Omni Promotional
purchased it while it was under
construction and occupied the
property until moving to a larger
building in the tech center five
years ago. AvaDan purchased the
property at that time, according
