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6 Handful A Northglenn apartment community sold for $124 million in one of the few $100 million-plus multifamily deals to close in Denver this year

SEPTEMBER 20-OCTOBER 3, 2017

22 Debut An investment group debuts improvements to a Colorado Springs corporate campus featuring the largest amount of contiguous office space in the state 18 Big picture Commercial development is kicking off at North Park, but it’s only a small part of a larger picture 16 Down-to-earth Industrial development is at the center of Ed Roski Jr.’s world Featured Quarterly

by Jill Jamieson-Nichols

Western Union will move

its global headquarters into

249,552 square feet at One

Belleview Station and will

lease another big block of

office space in the vicinity.

“We’re excited to have them

here. It’s a great, iconic, long-

time Denver company that

is perfect for this location,”

said Jim Neenan, president

and chief operating officer

of Prime West Development

LLC, which developed the

new 15-story building at 7001

E. Belleview Ave. in Denver.

Western Union will move

in November from its cur-

rent headquarters at 12500

and 12510 E. Belford Ave.

in Englewood. It has those

buildings, which total 391,148

sf and house 1,306 employees,

listed for sale or lease.

The global payment services

company is negotiating a lease

for a “secondary space in the

general area” of One Belleview

Station that, combined with

the new headquarters, will

give it approximately the same

amount of square footage it

currently occupies, according

to Brad Jones, senior manager

of Global Corporate Commu-

nications.

Jones said the Fortune 500

company selected the high-

visibility One Belleview Sta-

tion “for a host of reasons,

including its modern and

open office setting, which is

conducive forWestern Union’s

highly collaborative work cul-

ture. In addition, its central-

ized location and proximity

to light rail provide enormous

commuting benefits for the

company’s employee base.”

“This modern facility

will enable our company to

strengthen and grow while

demonstrating our long-

standing support for this great

city,” the company said in a

statement.

Class A office spaces large

enough to house Western

Union are exceedingly rare in

the southeast suburban sub-

market. In fact, Prime West,

Western Union signs lease, another coming Please see WesternUnion, Page 8

by Jennifer Hayes

A

200,000-square-foot

mixed-use redevelopment

project is coming to the last

new neighborhood to be

developed in Lowry.

Confluent Development,

a Denver-based real estate

investment and development

firm, joined the project team

with Kelmore Development

Corp., a commercial real

estate development, man-

agement and investment

firm located in Centennial,

to deliver The Boulevard at

Lowry.

The Boulevard at Lowry

Confluent, Kelmore team up at Lowry

With Western Union on board, One Belleview Station is 100 percent leased.

Please see Confluent, Page 8

MCG Architecture

The Boulevard at Lowry will be a 200,000-square-foot mixed-use development and the only commercial development in Boulevard

One, the final new neighborhood in Lowry.

CONTENTS

Multifamily 6

Office

10

Retail 12 Industrial 14 Rebchook RE Corner 16 Boulder County 18 Larimer &Weld Counties 20 Colorado Springs 22

Finance

24

CDE 28 Who’s News 36 Community Calendar 44