Page 12 —
COLORADO REAL ESTATE JOURNAL
— September 2-September 15, 2015
Boulder County & U.S. 36 Corridor
by Jill Jamieson-Nichols
Etkin Johnson Real Estate
Partners is leasing up specula-
tive buildings at the Colorado
Tech Center in Louisville faster
than it can deliver them and
intends to keep rolling right
along.
Packers Plus Energy Services
(USA) leased Etkin Johnson’s
newest tech center building, a
59,137-square-foot industrial/
flex building under construc-
tion at 1960 Cherry St. An oil
and gas services company
with operations in Canada and
throughout the U.S., Packers
Plus is expanding its presence
in Colorado. Its lease commenc-
es Jan. 1.
The deal is the third in which
Etkin Johnson has fully leased a
spec development at CTC prior
to completion. Fenix Outdoor
Imports leased 136,701 sf at
1900 Taylor Ave., and White-
Wave Foods leased 1900 Cherry,
a 66,350-sf building.
Construction of the next
speculative flex building is set
to begin in November. Etkin
Johnson also is under contract
to buy 45 acres at the tech cen-
ter for more than 500,000 sf of
additional development over
With a tenant leasing its newest speculative building at the Colorado
Tech Center, Etkin Johnson Real Estate Partners plans to launch con-
struction of a 120,877-square-foot building in November.
by Jill Jamieson-Nichols
A local investment group pur-
chased a pair of 15,000-square-
foot office buildings near Boulder
Junction in a $4.5 million, off-
market transaction.
Boulder Warehouse Associa-
tion bought Centennial Creek
at 2955 and 2975 Valmont Road
in Boulder as part of a 1031
exchange. The multitenant build-
ings were fully occupied.
Centennial Ventures LLC was
the seller.
Listing broker Becky Callan
Gamble
of
Dean Callan
& Co. said
a buyer for
the property
came forward
before it went
to
market.
“It was find-
ing the right
buyer,
the
right seller
at the right
time,” she said.
The three-story buildings were
constructed in 1983 and are occu-
pied by multiple small compa-
nies. “There’s still some good
upside for the new ownership
group” in terms of existing lease
rates and updating the buildings,
said Gamble, who represented
the seller with Dean Callan &
Co.’s Beau Gamble.
Other News
n
Boulder-based
EMI Sports-
wear
paid $1.53 million for a
16,500-square-foot industrial
building at 1650 Skyway Drive
in Longmont to accommodate the
company’s growing space needs.
EMI is using 10,000 sf of the
building for overflow warehouse
and storage and leasing out 6,500
sf to The Aqueous Solution Inc.,
according to
Michael Hastings
of
Flatiron Commercial LLC.
Hast-
ings and
Ashley Overton,
also of
Flatiron Commercial, represented
the buyer in the transaction.
The seller was
White Peaks
Properties,
which previously
occupied the building asAIMPro-
cessing and outgrew the space.
Tim Conarro
of
Longmont Com-
mercial Real Estate
represented
White Peaks in the sale.
EMI Sportswear, located at 6840
Winchester Circle, No. 1, in Boul-
der, designs and produces a select
line of souvenir resort apparel for
men, women and children.
Rus-
sell Coburn
founded the company
as Early Man Images in 1985. He
owns and operates the company
with his wife,
LeeAnn Coburn,
and partner
Mark Reaves.
n
Soundwall
leased 4,600 sf of
flex space at 530 Compton St. in
Broomfield, where it will relocate
its Boulder operations.
Beau Gamble
of
Dean Cal-
lan & Co.
represented the tenant.
Eric Rutherford
and
Tom Hill
of
Wright KingdomReal Estate
rep-
resented the landlord,
Lonnsburry
Properties LLC.
s
The property at 2955 Valmont sold in an off-market deal.
Becky Callan
Gamble
by Jill Jamieson-Nichols
Finding office space in down-
town Boulder is hard enough,
but large blocks are becoming
nearly nonexistent.
With SolidFire leasing 62,000
square feet at PearlWest, only one
large space currently is available
downtown, and only one more
will be delivered in near future,
according to Alex Hammerstein
of CBRE’s Tech and Media Prac-
tice Group. Those are Uber’s
33,481 sf at 1900 15th St. and
the Wencel Building, a 60,000-
sf building at 1900 13th St. that
W.W. Reynolds will deliver in
mid-2016.
The space that SolidFire leased
for its corporate headquar-
ters – part of a LEED Platinum
mixed-use building scheduled
for delivery at 1048 Pearl St. next
April – was the largest contigu-
ous block available and the only
one that would accommodate the
company’s requirement. “With
our downtown Boulder commit-
ment, PearlWest was the only
current option to have the team
together,” said SolidFire spokes-
woman Lara Vacante.
Hammerstein, along with
CBRE’s Marty Knape and Wade
Wimmer, represented SolidFire
in the lease transaction.
“With the new lease that is out
for signature following the Solid-
Fire signing, we will have no
