Colorado Real Estate Journal - January 21, 2015
Property Management News
1800 Larimer receives triple LEED certification
Westfield Co., along with Invesco Real Estate, announced that 1800 Larimer achieved the U.S. Green Building Council’s LEED for Existing Buildings: Operations and Maintenance Platinum certification.
LEED platinum is the highest designation of certification. Out of more than 24,000 LEED-certified commercial projects, fewer than 10 percent have earned the designation.
“We are extremely pleased with 1800 Larimer’s newest accolade,” said Kevin Johnson, director asset management, Invesco Real Estate. “Its coveted LEED triple-platinum designation solidifies the asset as a premier building among those managed by Invesco Real Estate, and we appreciate the hard work and tenacity shown by Westfield Property Services and Lord Green Real Estate Strategies.” Currently owned by Invesco Real Estate, the 22-story, 495,500-square-foot building originally was awarded LEED for Core and Shell Platinum certification in 2010. Building tenant Xcel Energy’s office space received the LEED for Commercial Interiors Platinum certification in 2012, and tenant McGraw-Hill added to these accomplishments in September with its LEED for Commercial Interiors Gold certification.
“The LEED EBOM rating system focuses on performance, assessing tangible outcomes and benchmarks for optimal operations and measured improvements, so that buildings continue to save energy, water and money year after year,” said Earl Behnke, property manager for 1800 Larimer, at Westfield Property Services. “Mychele Lord and the Lord Green Real Estate Strategies team’s efforts and 27 years of pioneering and groundbreaking green experience were instrumental in the platinum trifecta achievement.” The building’s achievements include attaining a 43 percent reduction in indoor plumbing water use, maximizing the outdoor air ventilation rate, achieving views to the outdoors for 84 percent of occupied spaces, having more than 75 percent of the building’s commercial interiors LEED certified, and earning the Environmental Protection Agency’s Energy Star certification – ranking in the top tier in energy efficiency among similar buildings in the nation.
1800 Larimer was developed by Westfield Co., and construction commenced in spring/summer 2008. Significant preleasing commitments and leading-edge sustainability attributes facilitated the closure of one of the last, large commercial loans of its kind in the country in May 2008, at the front of the economic downturn.
“We strongly believed in the visionary concept of creating Denver’s first 21st century office tower, complete with leading edge sustainability features to maximize efficiency, productivity and comfort,” said Rich McClintock, managing partner of Westfield Co. “1800 Larimer’s success confirms tenants are hungry for modern, innovative spaces.” The building currently is 98 percent leased to local tenants Monticello Associates Inc., KRG Capital Partners LLC, Westfield Co. and Citywide Banks of Colorado Inc.; investment-grade tenants include Xcel Energy, McGraw-Hill and Newmark Grubb Knight Frank.
Completed in 2010, the building’s systems and design elements include open floor plans with under-floor air distribution, advanced lighting features and floor-to-ceiling windows. These elements enhance tenant productivity and comfort, reducing operating costs, some by as much as 40 percent.
In 2011, the building was purchased by Invesco Core Real Estate–U.S.A. Property management services are provided by Westfield Property Services, and Newmark Grubb Knight Frank provides exclusive leasing and marketing services.
Griffis/Blessing adds PetCo building to portfolio
Griffis/Blessing was selected by Mexico & Bellair LLC to manage the freestanding PetCo building in southeast Denver.
Built in 1993, the 23,057-square foot retail building is located at 4100 E. Mexico Ave.
Dora Fessler, property manager, and Katie Kier, portfolio assistant, will oversee the day-today operations with assistance from Josh McFarland, property accountant, and Ari Skyton, service technician.
“The opportunity to manage another retail building for this group of owners out of California is very exciting for us,” said Senior Vice President Rick Davidson, CPM. “Our quality service and management of their retail shopping center in Colorado Springs as well as our expansion into the Denver market were key factors in being selected to manage the Denver property.”
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