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COLORADO REAL ESTATE JOURNAL
— September 21-October 4, 2016
Office
by Jill Jamieson-Nichols
A large supplier to the craft
beer industry leased 13,000
square feet of office space in a
historic building at the edge of
downtown.
“In the craft beer industry, cul-
ture is so important. To be able
to be in a historic building right
downtown, for us, is just a per-
fect fit,” said Dan Vorlage, vice
president of marketing and busi-
ness development for MicroStar
Logistics.
MicroStar will occupy space in
the A.H. Root Building at 2501
15th St., in the Platte Street/
Lower Highland neighborhood.
Scheduled to occur early next
year, the move will give the com-
pany, which has tripled in size in
the last 2½ years, about twice the
space it occupies at its current
offices in the Denver Tech Cen-
ter. It also will allow it to draw
from an employee base more
in line with its culture, Vorlage
said.
“As a company commit-
ted to keeping our customers
at the center of every decision
we make, we wanted our new
home to be one of the true cen-
ters of the craft beer revolution,
Denver, Colorado,” said Bryan
Place, MicroStar’s chief financial
officer.
With access off of Interstate 25
via Speer Boulevard, the build-
ing provides easy in and out
for employees. It also is within
walking distance of Union Sta-
tion, and retail and dining ame-
nities.
MicroStar Logistics provides
and manages distribution of
some 3 million kegs tomore than
500 craft brewers around the
country through a network that
allows brewers to reduce both
their costs and carbon footprints.
Its Colorado customers include
Oskar Blues, Avery Brewing Co.,
Left Hand Brewery and oth-
ers. MicroStar also services and
repairs kegs for MillerCoors and
Anheuser-Busch.
Chris Riedl and Matt Edgar
of Community First Commercial
Real Estate, a tenant and buyer
rep firm that gives 10 percent
of its commissions to its clients’
favorite charities, assistedMicro-
Star Logistics in the lease.
“We’re proud to represent such
a well-known Denver-based
company with national reach,”
said Edgar. “We were able to
help MicroStar transition their
headquarters to a part of town
that is a much better fit for their
culture and brand,” Riedl added.
“The team at Community
First did an excellent job find-
ing a building and location that
aligned with our customers’ and
our culture, and we are espe-
cially happy to work with them
to make a significant donation
to one of our favorite charities,
Pints for Prostates,” said Place.
“We’re excited to welcome
MicroStar Logistics to the Root
Building. MicroStar has a for-
ward-thinking culture that fits
nicely into the fabric of the Platte
Street submarket and we look
forward to working with them
to grow their already impressive
business,” saidAustin Kane, vice
president and regional direc-
tor for Unico Properties, which
owns the property. “Our thanks
also to Community First for their
efforts in our third transaction in
the past year,” he said.
s
MicroStar Logistics leased 13,000 square feet at the A.H. Root building
in the Platte Street neighborhood.
NexGen was marketing the
building for lease as multiten-
ant space. The buyer initially
planned to lease space but ulti-
mately decided it would rather
own.
“We were able to meet the
needs of the buyer as they were
looking for a building of this size
to move their company head-
quarters to,” said McNeil. “We
are firm believers in this area,
with the light-rail station open-
ing soon across the street from
the property,” he said, adding a
multifamily project and hotel are
slated to break ground adjacent
to the site.
Built in 1986, the building
was 37 percent occupied at the
time of the sale. Its nine tenants
included a rooftop cell tower
tenant.
Ryan Arnold of JLL represent-
ed the buyer in the transaction.
Other News
n
A 100 percent-leased mul-
titenant office/medical office
building in Arvada traded for
$121.80 per square foot.
A private investor purchased
the 20,320-square-foot building
at 5730 Ward Road from
5730
Ward Road LLC
for $2.48 million.
Rocky Mountain Primary Care,
with approximately 35 percent
of the space, is the largest tenant.
Joshua Cohen
of
John Propp
Commercial Group
represented
the seller. John Propp Commer-
cial will continue to lease and
manage the building, which was
built in 1985.
s
NexGen
