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MARCH 20-APRIL 2, 2013

by John Rebchook

Western

Development

Group is poised to begin con-

struction on a long-awaited

office tower in the heart of

Cherry Creek North.

The entire $100 million,

mixed-used development is

called 250 Columbine, but the

office portion is at 200 Col-

umbine St.

In addition to the eight-sto-

ry, 80,000-square-foot office

tower, the development will

include 70 luxury condo-

minium units and 30,000 sf

of retail on the ground floor

of the project on Columbine

from Second to Third ave-

nues.

“Hopefully, wewill start our

project at the end of August

or early September,” said Roy

Kline, a managing director at

Western Development.

“We have hired PCL as

the general contractor and

OZ Architecture is design-

ing it,” Kline said.

Western Dev. to start spec office building

OZ Architecture designed the 250 Columbine mixed-use project.

by Jill Jamieson-Nichols

McGraw-Hill has leased

the last two floors of office

space at 1800 Larimer, a

495,518-square-foot LEED

Platinum building in Lower

Downtown Denver.

The deal will allow the com-

pany to consolidate offices in

Westminster and Evergreen

into a single location. The

Westminster office, located in

Ten West at Westmoor Tech-

nology Park, houses about

50 Platts employees and 15

J.D. Power &Associates staff.

The Evergreen office is the

home of BENTEK Energy,

which Platts acquired in 2011.

Approximately 100 employ-

ees work in that office.

Platts is a global provider

of information in the energy,

petrochemicials and met-

als industries. BENTEK is

an energy market analytics

company, and J.D. Power is a

business and consumer infor-

mation provider covering a

variety of industries.

“We were seeking a cen-

tralized location for bring-

ing the two offices together,

and a downtown location

provided employees with

options for utilizing public

transportation to commute to

work. It was also perceived

as the best option for retain-

ing and recruiting employ-

ees, and bringing them closer

to their customers and the oil

and gas community,” Patricia

Wood, senior director of com-

munications for Platts, The

McGraw-Hills Cos., said in

an email.

“We selected 1800 Larimer

because it is LEED Plati-

num, which is important

to McGraw-Hill, and also

because it provides an abun-

dance of amenities for our

employees, with parking and

public transportation within

blocks of the building,” she

added.

The relocation is expected

to take place in early August.

McGraw-Hill will occupy

the 19th and 20th floors of

the 22-story building, for a

total of approximately 48,600

sf. The deal leaves a single,

10,509-sf vacancy at 1800

Larimer, which Westfield

Company Inc. developed in

2010. The first office tower to

be built in Denver’s central

business district in 25 years

and the first Platinum office

tower west of the Mississippi,

1800 Larimer sold to Invesco

Real Estate two years ago for

a record-breaking $430 per

sf. Xcel Energy is the build-

ing’s anchor tenant, occupy-

ing nearly 70 percent of the

office space.

Tom Lee of Newmark

Grubb Knight Frank repre-

sented the landlord in the

McGraw-Hill lease. Richard

Damm of CBRE represented

the tenant.

s

McGraw-Hill leases two floors on Larimer

McGraw-Hill leased the last two floors of office space at 1800

Larimer in Lower Downtown Denver.

by John Rebchook

Aprime parcel targeted as a

premier transit-orienteddevel-

opment could also be home to

the first hotel inArvada.

“We have 110,000 people

living in Arvada and we

have been trying to get

a hotel here for over 10

years,” said Maureen Phair,

executive director of the

Arvada Urban Renewal

Authority.

“We have done five hotel

studies over the years,” she

said, “and they show that

Arvada could support two

hotels, one on Kipling and

the other on Wadsworth,

Arvada seeks developer for TOD site Please see Western, Page 8

P

lease see Arvada, Page 10

CONTENTS

Greater Denver 4 Boulder County 12 Larimer & Weld Counties 14 Colorado Springs 16 Colorado 17

Finance

21

Law &Accounting 24 Property Management 26 CDE 29 Office 6AA Industrial 6AA Multifamily 7AA Retail 9AA Who’s News 25AA

Inside

Ball’s rolling Etkin Johnson Group signs

more than a dozen leases, including a

48,800-square-foot

deal with Ball Aerospace

Jackpot Jacobs Entertainment acquires

a site in Black Hawk that could

potentially accommodate more than 1

million square feet of development

A first United Properties buys its

first Denver metro office

building in a value-add play

Seniors’ moment An affordable senior housing

development at the University

Station light-rail stop is expected

to fill up quickly

12 17 7AA 1AA See Section B