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COLORADO REAL ESTATE JOURNAL
— February 4-February 17, 2015
1900 16th St. achieves
platinum LEED rating
CBRE and Bentall Kennedy
announced in October that 1900
Sixteenth St. was recognized as
the first multitenant office build-
ing in Colorado to achieve LEED
Platinum for Existing Building
Operations and Maintenance,
administered by the U.S. Green
Building Council. The building
became one of fewer than 175
buildings globally to earn the
Platinum distinction.
Additionally, the 17-story,
400,000-square-foot commercial
office building attained a glob-
ally unique achievement as the
only multitenant building with
the combination of simultaneous
LEED certifications: LEED Plati-
num EBOM, LEED Gold Core
and Shell and LEED Commercial
Interiors for 100 percent of tenant
space.
Bentall Kennedy, real estate
adviser for building owner
Multi-Employer Property Trust,
partnered with Trammell Crow
Co. to lead the process for LEED
CS and CI project certifications.
CBRE’s management and leasing
teams collaborated with Bentall
Kennedy to complete required
documentation and building
regulations for LEED CI certifica-
tions and LEED EBOM certifica-
tion.
“1900 Sixteenth St. is an exam-
ple of the sustainable excellence
that can be accomplished when
all parties work together dur-
ing building construction, ten-
ant improvements and property
management to achieve a fully
sustainable building,” said Bill
Mosher, senior managing direc-
tor, Trammell Crow Co.
“Collaborating with leading
real estate investors like Bentall
Kennedy to achieve real progress
in sustainable building opera-
tions is a core part of CBRE’s
culture and services,” said Dave
Pogue, CBRE’s global director of
corporate responsibility. “1900
Sixteenth’s LEED accomplish-
ments are a great win for Bentall
Kennedy, our CBRE team inDen-
ver and, most importantly, the
community.”
A private awards ceremony
was held to celebrate the certifi-
cation.
LEED Gold is awarded
to 16 Market Square
The U.S. Green Building Coun-
cil awarded LEED Gold – the
second-highest of its four levels
of certification – to 16 Market
Square, located at 1400 16th St.,
under the USGBC’s Existing
Buildings Operations and Main-
tenance.
The 207,243-square-foot mixed-
used building, owned by 16 Mar-
ket Square Corp./Lincoln Prop-
erty Co. and managed by Cush-
man & Wakefield, earned LEED
Gold certification by investing
in energy-efficient boilers, a heat
exchanger replacement, modifi-
cations to the cooling tower, a
retrofit of plumbing fixtures in all
restrooms and lighting retrofits,
among other things.
“Achieving LEED Gold certifi-
cation at 16Market Square visual-
ly demonstrates our commitment
to providing a workplace that
promotes sustainable building
practices, energy efficiency and
lower operating costs, as well as
the health and well-being for all
occupants” said Jeani McDow-
ell, Cushman & Wakefield gen-
eral manager. “LEED for Existing
Buildings Operations and Main-
tenance truly takes collaboration
between the building owner, the
propertymanagement and build-
ing engineering team, and the
building occupants. Our thanks
go to the support of our owner-
ship and tenants. This further
motivates us to continue imple-
menting sustainable practices
that our community and our
world require.”
To achieve LEED Gold cer-
tification, Cushman & Wake-
field partnered with Ampajen
Solutions to develop a program
that would address the major
aspects of ongoing building
operations and maintenance
in five core areas – sustainable
sites, water efficiency, energy
and atmosphere, materials and
resources, and indoor environ-
mental quality. LEED certified
buildings are environmen-
tally responsible, economically
profitable and create a healthy
indoor environment for building
occupants.
s
1900 Sixteenth St. is also 100 percent LEED Commercial Interiors.
16 Market Square increases efficiency with upgrades and building maintenance
at 144th Avenue for the more-
than-1 million-sf Orchard Town
Center to the north. After sell-
ing approximately 35 acres to
Centura Health, Mesa Gold
has approximately 20 remain-
ing acres remaining immediate-
ly to the west, across Orchard
Parkway, where it will develop
Orchard Park Place. The first
phase will include new retail
space at 144th Avenue and
Orchard Parkway and a neigh-
boring hotel at 144th and Huron
Street.
Development would have
occurred without St. Anthony
North, but the medical campus
certainly helps, according to
Rob Friend, a partner in Mesa
Gold Properties.
There is “a lot of excitement
and new energy” in the vicinity
with the hospital and residen-
tial growth that’s occurring and
planned, including McWhinney
935-acre North Park develop-
ment to the north of Orchard
Town Center in Broomfield.
McWhinney will start build-
ing luxury apartments at North
Park this year.
Directly east of the St. Antho-
ny North Health Campus on
the east side of I-25 in Thornton,
The Staenberg Group continues
to add retailers at The Grove,
anchored by Cabela’s. An outlet
mall also is being proposed at
East 136th Avenue.
“This area is quickly becom-
ing the place to be in Denver
north metro,” said Friend.
Mesa Gold Properties is in
the final stages of official devel-
opment plan review with the
city of Westminster for the first
phase of its development, which
will include a four-story, 100-
room Courtyard by Marriott
hotel and two 12,000-sf mult-
itenant retail buildings. It has
letters of intent from Noodles &
Co., Einstein Bros Bagels and a
concept new to Colorado, Bricks
Wood Fired Pizza. It also has a
couple of pad sites for casual sit-
down and fast-food restaurants.
The company hopes to start
grading and infrastructure
work in April and have the
retail buildings ready for tenant
improvements by the end of the
year. Construction of the hotel is
expected to start in late summer
to early fall and take a year to
complete.
“The trade area, we’ve found,
is in desperate need of retail
development, especially the
smaller-format retail that we’re
developing,” said Friend.
There also is a need for hotel
rooms, he said, noting the near-
est hotels, around 120th Avenue
and I-25, “have been around for
awhile.”
“If you look at the motel mar-
ket along the I-25 corridor, really
there’s nothing north of 120th
and I-25, so a new brand like a
Courtyard by Marriott, we feel,
would do very well.”
Mesa Gold is considering a
couple of options for develop-
ment of the second phase of
Orchard Park Place. “Option 1 is
four or five retail junior anchors
like soft, goods, sporting goods.
Another option would be office
that complements the hospital
and all the residential growth
that is taking place in that area,”
said Friend, who added he
company is evaluating whether
there are potential development
partners for that phase of the
project.
s
Morean, who is based in Den-
ver, typically doesn’t get involved
in SKB acquisitions, as that is not
his core responsibility at the firm.
Outside of Denver, at SKB he
focuses on building diverse capital
market relationships with institu-
tional investors and family offices.
Equity West, on its website,
described Greenwood Corporate
Plaza, which it called the larg-
est single office property along
the southeast corridor, this way:
“Exceptionally functional 34,000-
sf rectangular floor plates in two
pods with center three-story
atrium lobby appeals to a broad
array of corporate tenants. The
property includes a four-acre
mixed-use development site that
could house in excess of 100,000
sf (of) additional sf.”
“DavidNausandSteveSchwab
(principals of Equity West) did a
great job of getting the asset to
where it is today,” Morean said.
Morean spearheaded the
Greenwood Corporate Plaza
because he is so familiar with the
Denver-area market.
SKB is interested in making
other investments in the Denver
area, Morean said.
“We could do smaller deals of
$15 million to $20 million, but we
could easily do deals of $100 mil-
lion or more, if we had the right
partners, the right buildings and
the right opportunity,” Morean
said.
s
Jim Havey, Havey Productions
An individual building in the Greenwood Corporate Plaza, a complex purchased by SKB.
