CREJ - Journal

4 / 92

Page 4 — COLORADO REAL ESTATE JOURNAL — May 6-May 19, 2015
Highlights
Prologis preleased approxi-
mately 90,000 square feet of office
space at Z Block in Lower Down-
town Denver, where it will relo-
cate its operations headquarters.
Prologis will occupy the top
two floors of the 235,000-sf, six-
story building under construction
on Wazee Street between 18th
and 19th streets. The industrial
real estate developer, now located
off Interstate 70 and Peña Boule-
vard in Denver, will have build-
ing signage.
“Bringing Prologis to LoDo
adds to the undeniable energy
and activity surging through
Denver that is attracting the best
businesses and workforce from
across the country,” Denver
Mayor Michael B. Hancock said
in a statement.
“The decision to relocate our
operations headquarters was sig-
nificant,” said Edward S. Nekritz,
Prologis chief legal officer and
general counsel. “It was impor-
tant for us to put our stamp on a
new building and office environ-
ment that reflects our culture. Z
Block will be a fantastic addition
to LoDo, and we look forward
to being an integral part of this
important development for the
long term.”
McWhinney is developing Z
Block, which also will include a
hotel and retail development. The
project will be completed in 2016.
Schippits to lead
CBRE in Colorado
Peter Schippits will join CBRE
as senior managing director and
market leader for the Colorado
Region, replacing Ray Pittman,
who previously announced plans
to oversee CBRE’s business in
Australia and
New Zealand.
S c h i pp i t s
formerly was
m a n a g i n g
director of
investor ser-
vices at JLL.
“Over the
last 10 years,
Pete has been
one of the
most respected commercial real
estate professionals in the Den-
ver market,” said Pittman. “He
brings strong leadership acumen
and understands the business
from the ground up, qualities
which are critical in providing
leadership that drives strong
business results for our clients in
Colorado.”
Schippits will oversee all CBRE
business lines in Colorado,
including the company’s five
offices with approximately 500
employees.
Prior to joining JLL, Schippits
was a real estate business and
tax-planning attorney at Gelt &
Grassgreen, a Denver-based bou-
tique law firm.
Confluent, MVG
combine forces
MVG Development Inc. has
joined forces with Confluent
Development Services to create
a diverse development firm that
will operate as Confluent Devel-
opment.
The newly combined compa-
ny has a half-billion dollars in
booked projects across the indus-
trial, office, retail, multifamily and
senior housing segments, making
it one of the most active private
commercial developers based in
Colorado.
MVG, focused on retail devel-
opment and senior housing, has
developed more than 85 projects
since 2008. “This new diversified
entity will allow us to compete
in all key segments of real estate
development with real strength,”
said James Dennis, senior execu-
tive.
“Combining Confluent’s repu-
tation and accelerated growth
with MVG’s national footprint
makes the new firm one of the
most nimble development com-
Prologis will anchor Z Block’s office space.
Peter Schippits
Jonathan Stern, Publisher & Founder
Jennifer Hayes, Editor
Jill Jamieson-Nichols, Editor
John Rebchook, Editor
Kris Oppermann Stern, Editor
Michelle Askeland, Special Sections Editor
Ryan Gager, Special Sections Editor
Lori Golightly, Director of Client Services
Jill Harris, Circulation Manager
Production/Graphic Design:
Jennifer Steidley
Periodicals Postage Paid at Denver, CO
Subscription rates: $85 – one year,
$155 – two years
Single issue: $4 Back issues: $5
Subscriptions are non-refundable
Published semi-monthly, the first and third week of every month.
1600 Stout Street, Suite 1330, Denver, CO 80202
(303) 623-1148
POSTMASTER: Send address changes to Colorado Real Estate Journal,
1630 Welton St., Suite 300, Denver, CO 80202.
All rights reserved. No part of this publication may be stored,
reproduced, or transmitted in any form or by any means without the publisher’s
prior written permission. All contributed articles published in the Colorado Real
Estate Journal represent solely the individual opinions of the writers, and not
those of the Colorado Real Estate Journal.
REPORT AN ERROR IMMEDIATELY
(ISSN 1060-4383) Vol. 24 No. 9