CBRE, along with United Properties and Brue Baukol Capital Partners, announced today the official completion of Interpark Building I located at 11325 Main Street in Broomfield, Colorado. The 133,122-square-foot industrial/flex building is part of United Properties' first development in the northwest corridor and the new headquarters of healthcare automation company Swisslog, which is leasing 80,726 square feet at the site. CBRE's Frank Kelley and Jeremy Kroner represented United Properties and are marketing Interpark's remaining industrial/flex spaces for lease.
"Interpark stands out because of United Properties' dedication to making it an amenity-driven, pedestrian friendly environment, something not often seen in developments driven by industrial/flex space. Swisslog and future tenants are also poised to benefit from the strategic location mid-way between Boulder and Denver, offering access to two well-educated and highly skilled labor pools," said Jeremy Kroner, Vice President, CBRE.
Swisslog designs, develops and delivers best-in-class automation solutions for forward-thinking hospitals, warehouses and distribution centers. As of May 1, the company has moved its headquarters and 200 employees from northeast Denver to Interpark's Building I. On-site operations include a production plant and Automation Academy and Technology Showroom, used for training and showcasing Swisslog's portfolio of transport and pharmacy automation solutions for hospitals.
According to Swisslog, the move to Interpark allows the company to keep its production, product management, marketing and research and development teams together while providing room for future growth.
"This is an exciting time for Swisslog as they have executed the strategic relocation of their North American headquarters," said Jason White, senior associate broker at JLL. "Swisslog is a forward-thinking company who had a unique vision for their new space. We are confident Interpark will more than fulfill those expectations with a quality design and an ideal location to attract and retain the cities' top talent."
Located just off US-36 in the heart of Broomfield, Interpark offers two industrial/flex buildings totaling 240,577 square feet plus seven acres of walkable service and retail amenities. Current onsite retailers include a 7-Eleven and Ronny's Car Wash. Additional tenants for the remaining retail pads are being negotiated. United Properties designed the site to be pedestrian friendly with lit intersections along both Main Street and 112th Avenue and walking paths incorporated into the green space that borders the development. A new footbridge near the north end of the property will provide access to the adjacent Town of Broomfield ball fields and public recreational area. Interpark employees are also within walking distance of the 1stBank Center, the Arista residential apartment development, the Westin Hotel and The Shops at Walnut Creek.
"Swisslog was attracted to Interpark because we developed a Class A flex building in a location easily accessible for their employees with nearby walkable retail amenities," said Kevin Kelley, Executive Vice President, United Properties.
Interpark is United Properties' latest commercial development in the Denver area, following Enterprise Business Center in Stapleton and INOVA Dry Creek in Centennial. Since 2005, United Properties has developed more than 3.2 million square feet of office, industrial, retail and senior housing properties throughout the greater Denver metro area.
United Properties' partner in the development at Interpark is Brue Baukol Capital Partners, a real estate investment firm with more than $400 million in assets developed or under management. In addition to Interpark, the firm's current holdings include the 13-acre RiNo development Denargo Market, a 37-acre mixed-use development at I-25 and Dry Creek known as The Jones District and a 63-acre mixed-use development near DIA.
"We are very excited about the northwest corridor and about working with United Properties on such a quality asset," said Jordan Swish, Vice President, Brue Baukol Capital Partners.
The remaining 52,982 square feet at Interpark's Building I is available for lease and divisible down to approximately 18,000 square feet. The second building to the west will offer an additional 107,455 square feet of flex/industrial space that could house up to four users. It is scheduled for delivery July 2018.
For leasing inquiries, contact Frank Kelley at (720) 528-6344 or frank.kelley@cbre.com or Jeremy Kroner at (303) 264-1916 or jeremy.kroner@cbre.com.
Learn more about United Properties - www.uproperties.com.
Learn more about Brue Baukol Capital Partners - www.bruebaukol.com.
