CREJ

October 2019 — Property Management Quarterly — Page 3 www.crej.com News ColeTaylor expanded its commercial property management portfolio to include One Union Station. Located at 1615Wynkoop St., One Union Sta- tion is a five-story, 111,744-square-foot LEED Gold certified office building with ground-floor retail.The fully leased property is situated steps from historic Denver Union Station, the transit cen- ter and a growing selection of dining, shopping and entertainment options. “With a long-term office anchor and four top-tier retail tenants, One Union Station stands out as one of the neigh- borhood’s most iconic and activated commercial developments,” said Jes- sica Cole, partner at ColeTaylor. “This announcement demonstrates not only an increasing desire to curate more personalized and positive tenant expe- riences, but our firm’s ability to serve institutional real estate clients.” One Union Station is owned by German-based GLL Real Estate Part- ners. Denver-based energy company Antero Resources occupies 98,000 sf of office space on floors two through five. Ground-floor retail tenants include Thirsty Lion Gastropub & Grill, Zoe Ma Ma, Protein Bar and FirstBank. “We are excited to welcome Cole- Taylor to our portfolio of top-tier prop- erty management partners,” said Eric Ramm, vice president and acquisition officer for GLL Real Estate Partners. “They share our passion for creating places where people can work, connect and enjoy, and we’re confident in their ability to deliver exceptional service to our One Union Station tenants.” Other News Q Chief Cornerstone Properties will replace its electric reheat systemwith a new high-efficiency gas boiler at its 15,817-square-foot building located at 4650 Royal Vista Circle inWindsor. This is the first C-PACE financed project located in Larimer County. “We had been wanting to switch from electric to gas at this property for some time, but traditional financ- ing options simply did not provide an adequate return on investment,” said Ryan Behm, managing member of Chief Cornerstone Properties. “Then Mark Shadowen of Air Comfort Inc. introduced us to Colorado C-PACE. We realized C-PACE financing could enable us to move ahead with an energy-efficient, environmentally beneficial and much-needed upgrade. What’s more, Colorado’s C-PACE pro- gram offers open-market access to a deep roster of prequalified financial institutions, meaning that we could be confident that we would move ahead with the most attractive financing option.” Bank of Colorado will finance the project. “This is the second C-PACE project we’ve financed, and we’re delighted to once again help a long- time client pursue energy-efficient upgrades that increase their asset’s value and, at the same time, benefit the community,” said James McGrath, Bank of Colorado loan officer. Q Centre Point Properties will install multiple energy-efficiency improve- ments throughout its 83,018-square- foot high-rise building known as The Forum, located at 425 S. Cherry St. in Glendale. The project, financed by Colorado’s C-PACE program includes capital-intensive upgrades such as a new roof and elevator modernization, as well as LED lighting and controls optimization. “Working with Keirstin Beck, found- er and principal at Integro, made financing our project through Colora- do C-PACE easy,” said Tucker Manion, president and founder of Centre Point Properties. “Thanks to this innovative program, we were able to install a new roof and other energy-efficiency upgrades with no money down and a 20-year financing term. What could have been a financial burden became an affordable investment. Better yet, should we decide to sell the property, the repayment obligation can pass to the new owner. C-PACE was definitely created with building owners and investors in mind.” The project is expected to save more than $1.26 million in energy costs over the useful life of the equipment and, once installed, is estimated to increase the value of the building by more than $780,000. Bellco Credit Union provided the $1.2 million in financing. It is Bellco’s third C-PACE project, said Susan Rice, senior director of business services. Q Denver Metro Building Owners and Managers Association announced a new career center website, careers. bomadenver.org that seeks to be “the premier resource to connect career opportunities with highly qualified commercial real estate talent,” a press release said. On the website, users can search and apply for jobs; upload an anony- mous resumé so employers can contact the user while the user maintains control of the information; receive alerts when a job becomes available; and access career resources and job search tips and tools. The site also allows companies to recruit for open positions by provid- ing a platform to post jobs, email Denver Metro BOMA job seekers directly and search a resumé data- base in order to contact qualified candidates proactively. V ColeTaylor gains downtown management contract Antero Resources occupies 98,000 square feet of One Union Station, now managed by ColeTaylor.