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Page 2AA — COLORADO REAL ESTATE JOURNAL — April 1-April 14, 2015
1800 Larimer Street, Suite 1700, Denver, CO 80202 T 303.892.111
Leasing Advisory  Global Corporate Services  Investment Sales and Capital Markets  Consulting
 Program and Project Management  Property and Facilities Management  Valuation and Advisory Services
Newmark Grubb Knight Frank
is proud to congratulate
Jamie Gard
on being named NaiOP
“2014 OFFice BrOKer OF the Year.”
Office
by Jill Jamieson-Nichols
Inverness Properties is mar-
keting a Class A office building
planned for a site overlooking
Meridian Golf Club.
Heritage at Meridian will be
a four-story, 69,731-square-foot
office building in Meridian Inter-
national Business Center, a mas-
ter-planned park with access to
Interstate 25 and the 470 beltway.
“The views onto the golf
course and the mountains to the
west are as good as it gets,”
Inverness Properties’ Randy
Swearingen said of the develop-
ment site. “There’s a great view
from every floor,” added Len
Chanda, a developer with deep
family roots in Colorado whose
family trust intends to own the
building for years to come.
Chanda is seeking a major
tenant for the building, which
could be delivered in 16 months.
“We’re in a prime position to
deliver in the shortest amount
of time,” he said. Based on the
activity in the market, Inverness
Properties’ Charlie Davis said
there is a very good chance of
landing a user within the next
few months.
Chanda bought the 4.98-acre
site at 9665 Maroon Circle in
Englewood in 2007, before the
market for new office product
disintegrated.
“Those times have changed
now. We have a very robust mar-
ket. We’ve seen vacancy rates
go down very significantly,”
Chanda said. “The vacancy rate
doesn’t tell the whole story of
quality buildings,” he added,
noting it includes older, function-
ally obsolescent space.
“Len is going to create a won-
derful building that has a lot of
the bells and whistles that com-
panies are looking for in their
property,” Davis said. “It’s our
philosophy to provide the best
possible building for a business
to have their location in. That’s
how we keep tenants,” Chanda
noted.
Heritage at Meridian will
offer abundant natural light, a
4.75:1,000 parking ratio (includ-
ing 36 covered spaces) and
lease rate of $23 per sf triple net,
depending on the term, location
within the building and finish
allowance.
Corporate headquarters and
office facilities for companies
including Liberty Media, West-
ern Union, American Fam-
ily Insurance, Dish Network,
CH2MHill, TriZetto Corp., Cath-
olic Health Initiatives and others
surround the site. It’s close to
Centennial Airport and allows
for an easy commute to Denver
International Airport. “The ease
of getting to DIA from Meridian
is certainly a reason that a lot of
companies choose to locate in
Meridian,” Davis commented.
There are restaurants, retail
and hotels nearby, as well as
a growing number of residen-
tial neighborhoods. “There’s a
lot of residential growth into
the southeast corridor. That is a
big plus as far as this location,”
Chanda commented.
Steve Newman of Newman
Architecture in Denver designed
Heritage at Merdian. Alliance
Construction Solutions is the
contractor.s
Heritage at Meridian will be a Class A building with four stories and 69,731 square feet.
by Jill Jamieson-Nichols
Denver-based commercial
interior design firm Elsy Stu-
dios acquired a 4,000-square-
foot office condo building at
3528 Tejon St. in the Lower
Highland neighborhood for
$1.25 million.
Elsy will lease part of the
two-story building to Seattle-
based furniture manufacturer
Watson Furniture for its first
Denver showroom.
Elsy Studios has grown to
a 10-person firm over the last
two years in order to meet
demand. The new space will
allow it to continue on its
growth trajectory, accommo-
dating up to 20 employees.
“Elsy Studios has built a
strong reputation for creativ-
ity and project delivery over
the last two years,” said Lynn
Coit, company president and
founder. “This new office
space will allow us to grow
and provide an even higher
level of service to clients in
a convenient and thriving
central location. By leasing
part of our space to Watson
Furniture, we can offer an
atmosphere filled with design
inspiration.”
The building was attractive
to Elsy because of the location
and visual appeal. Designed
by Jim Bothwell in 2006, it
received a Denver Mayor’s
Design Award for core and
shell.
The new interior will
include quiet rooms, height-
adjustable workstations,
benching, custom LED light-