Colorado Real Estate Journal - August 17, 2016
Comunale Properties has broken ground on Summit at Colorado Technology Center, which will bring small-tenant industrial/flex space to the Louisville business park in late 2016. While most of the industrial space delivered this cycle has been for large tenants, the 62,400-square-foot Summit will offer 24-foot-clear space for tenants as small as 9,600 sf. “Summit at Colorado Technology Center is truly an answer to what Boulder’s industrial market has been asking for over the past several years,” said Erik Abrahamson, senor associate with CBRE Industrial & Logistics Services. “Comunale Properties designed the project to meet the specific needs of small-bay industrial users who want to stay in Boulder County and take advantage of all of the high-quality, modern design elements normally reserved for large tenants.” “With a large part of our portfolio based in the Front Range, we are keenly aware of the need for 10,000- to 25,000-square-foot options in this market and the specific design elements that take a space from merely functional to transformational for a business,” said John Comunale, president and managing partner of Comunale Properties. The project provides a flexible layout of smaller, 40-foot bays that can accommodate a variety of tenant size requirements. It is only 120 feet deep, so it’s planned to house up to five tenants without creating a “bowling-alley” feel sometimes associated with small-bay space. Summit at Colorado Technology Center will include an ESFR sprinkler system, separate entrances from Pierce and Taylor avenues for front office and rear loading, and dock and drive-in loading with a large truck court. The design includes wraparound glass up to 24 feet in height on the ends of the building, which have street exposure to create the appearance of a single-tenant building. There also is continual glass along the front of the building, as well as skylights and clerestory windows for ample natural light. Powers Brown Architecture designed the project, which is being built by Alcorn Construction. Abrahamson and CBRE’s Tyler Carner, Jeremy Kroner and Jeremy Ballenger are the leasing agents. Comunale Properties is planning a second phase of up to 40,000 sf on either a build-tosuit or speculative basis. The Colorado Tech Center, which is home to approximately 90 companies, is located at the northeast corner of Dillon Road and South 96th Street.