CREJ - page 43

August 19-September 1, 2015 —
COLORADO REAL ESTATE JOURNAL
— Page 3AA
Health Care
by Jennifer Hayes
A fully leased medical office
building in Belmar recently
traded at $206 per square foot.
The Belmar Medical Building
sold for $6.3 million to Ameri-
can Realty Capital Healthcare
Trust. CHP Belmar Medical
LLC sold the building.
Located at 8015 W. Alameda
Ave. in Lakewood, the three-
story, 30,650-sf building was
constructed in 1987 and signifi-
cantly renovated in 2012. It is
fully leased to tenants includ-
ing HCA-HealthOne, Kaiser
Permanente, DaVita’s Paladine
Health and Laboratory Corpo-
ration of America.
Chris Bodnar and Lee Asher
of CBRE’s U.S. Healthcare
Capital Markets Group teamed
with Dann Burke in the Denver
market as the seller’s adviser.
Other News
n
Precision Biopsy
is the first
commercial tenant to move
into the Fitzsimons Redevelop-
ment Authority’s new Biosci-
ence 2 building, which recently
opened.
The 3,839-square-foot cus-
tom-built space allows Preci-
sion Biopsy to expand from the
prebuilt lab it occupied in Bio-
science 1 as the company initi-
ates a global commercialization
strategy for its real-time tissue
classification technology used
in prostate biopsy procedures.
Located adjacent to the
Anschutz Medical campus in
Aurora on property that the
University of Colorado pur-
chased from the FRA, Biosci-
ence 2 is a 112,000-sf multiten-
ant building that will combine
university activities with com-
mercial uses.
“We are very excited to be
the first company to move into
this new facility. This space
will allow us to expand our
resources to bring our Clari-
Core Optical Biopsy system
to market, providing us with
the opportunity to potentially
help the millions of patients
who undergo prostate biopsy
procedures each year,” said
Amir Tehrani,
CEO of Preci-
sion Biopsy.
University of Colorado ten-
ants will occupy the first two
floors of Bioscience 2 with the
university’s bioengineering
program and two other univer-
sity entities while the third and
fourth floors will be home to
FRA commercial organizations.
n
Sports Med Properties
LLC
and
The Keith Corp.,
both
out of Charlotte, North Car-
olina, recently celebrated the
opening of a Class A sports
training, physical therapy and
orthopedic center in Highlands
Ranch.
The 35,325-sf building at 1060
Plaza Drive houses the 27th
location of the national sports
training company D1 Sports
Training as well as an exten-
sion of Panorama Orthope-
dic and Spine Center, which
offers full orthopedic services,
including MRI capabilities, at
the building.
D1 is a national sports train-
ing and athletic performance
company that offers members
a chance to train like an athlete.
“The joining of D1 and Pan-
orama is the idea partnership,
especially in a city like Denver
where there is an intense pas-
sion for a healthy lifestyle. This
facility is a positive addition to
the Denver market as the two
groups have a strong focus on
long-term health, overall well-
ness and a desire to give back
to the local community,” said
Randy Russell,
president of
Sports Med Properties, which
is the national real estate pro-
vider for D1 Sports Training.
AM King
was both the con-
tractor and architect for the
project.
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The Belmar Medical Building is fully leased to tenants including HCA-HealthOne and Kaiser Permanente.
at DPS he was involved with
all of the buildings, dealing
with issues such as ventilation,
bringing in natural light and
even the color of walls that
would best further the ability of
children to learn.
He brought the first LEED-
certified buildings to DPS and
worked closely with integrating
charter school buildings into
the system.
“I loved my job at DPS and
was very happy there,” Leid
said.
Then, his old buddy, who
was now the mayor of Denver,
reached out to him.
“To make a long story short,
after several conversations
with the mayor and learning
about his vision, I joined the
city,” Leid said.
His first job was as direc-
tor of Development Services,
where he worked on things
such as building permitting,
inspections and zoning.
His current job is much more
high profile.
“I like to say that I come
home exhausted at night, and
when I wake up in the morn-
ing, I can’t wait to get started
again,” Leid said.
Leid, 49, has two “beauti-
ful” children, Campbell, who
is 12, and Brody, who recently
turned 9.
“My wife’s name also is
Kelly, which can be a bit con-
fusing at times,” he said.
When not working, he loves
to coach his son’s baseball
team and attend his daugh-
ter’s swim meets.
“Campbell is a competitive
swimmer and I am her biggest
cheerleader,” Leid said.
Leid also is an avid runner.
“When I was in my late 20s
and early 30s, I ran six mara-
thons, but now I do 5Kʼs and
10Kʼs,” Leid said.
“I love to get out and run.
It’s my favorite way to clear
my head.”
s
Principal Real Estate Inves-
tors, a global financial invest-
ment firm, is an equity partner
in the project. Powers Brown
Architecture is leading the
design, Adolfson & Peterson
Construction is the contrac-
tor, and Jason Addlesperger,
David Lee and Mike Wafer of
Newmark Grubb Knight Frank
are leasing and marketing the
project.
The office building, which
will target LEED Silver certifi-
cation, will have 14-foot, 6-inch
ceiling heights, 9-foot-tall win-
dows and flexible floor plates.
“United Properties is build-
ing new value by creating a
suburban Class A spec office
product that will provide start-
ing lease rates under $20 per
square foot triple-net and the
highest SES parking ratio at
5:1,000,” said Addlesperger.
Other new Class A office
construction in the submarket
is occurring along Interstate
25, so the land is more expen-
sive, and it includes structured
parking and conventional con-
struction, making it costlier to
build and driving rates from
around $24 to the high $20s per
sf triple net, Addlesperger said.
“We fit the profile of larger ten-
ants that are looking for more
efficient space,” he said.
“The economic advantages
at Inova Dry Creek include
a very competitive mill levy
compared to other SES loca-
tions,” he added.
The building will be com-
pleted in late 2016.
The Inova Dry Creek campus
will include dedicated areas for
biking, lockers, showers, a bike
repair area and rentals, and
quick access to transit-oriented
development and the light-rail
station at I-25 and Dry Creek.
Adjacent to Topgolf and close
to Centennial Airport, the
development will include pre-
mium finishes, expanded park-
ing, on-site restaurant space
and space for a food truck.
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one of them, and we have six
additional buildings available
for build-to-suits that total about
300,000 square feet, andwe’ve got
activity on those also. This central
market is a very tight market.”
Principal Real Estate Investors
is Trammell Crow’s capital part-
ner on the first phase.
“We are excited to partner with
Trammell Crow Co. on this rare,
institutionally sized central Den-
ver industrial site. The central
Denver market continues to be
tight, with around a 2 percent
vacancy rate, and we expect leas-
ing velocity to be strong,” said
Kevin Anderegg, Principal Real
Estate assistant managing direc-
tor in asset management.
Buildings in the approximately
$55million first phase of develop-
ment front East 55th Avenue on
the side of Washington Street it
unincorporated Adams County.
Contractor Murray & Stafford is
scheduled to complete construc-
tion in the first quarter. WareMal-
comb is the architect.
Along with the future build-to-
suit sites designed for sale or lease
to users from 17,600 to 69,350 sf,
Crossroads Commerce Park will
total approximately 1 million sf.
The site is being purchased
from Globeville I LLC, an Envi-
roFinance Group company that
oversaw horizontal land devel-
opment over the course of several
years.
EFG Executive Vice President
Cameron Bertron recently called
the redevelopment “a huge
accomplishment for Adams
County and Denver.” The site,
which was “a source of anguish
and worry for that area and
neighborhood for decades and
generations is now clean” and
now will create jobs that will
greatly benefit that part of Den-
ver and Adams County, he said.
“It’s really the proverbial win-
win.”
Mike Wafer and Tim D’Angelo
of NewmarkGrubbKnight Frank
brokered the land sales for Phase
1 and are marketing the site for
Trammell Crow.
Len McBroom of McBroomCo.
represented Empire Staple in its
build-to-suit transaction. Empire
Staple will relocate to Crossroads
Commerce Park from 1710 Platte
St. in Denver.
“The company has been look-
ing for a new location from our
current location on Platte street
for about five to eight years,”
said Empire Staple Co. owner
Bill Spicer. “This location of 58th
Avenue and I-25 has always been,
in my mind’s eye, the right place
to be.”
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Empire Staple Co. will occupy a build-to-suit at Crossroads next year.
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