For over 25 years, Etkin Johnson Real Estate Partners has taken a leading role in the acquisition and development of property throughout Colorado's Front Range, earning the company its current status as the premier commercial real estate company in the greater Denver area. Dedicated to innovating while maintaining a fiscally sound base, Etkin Johnson is committed to providing clients with the highest levels of service.

Contact

Etkin Johnson Real Estate Partners
1512 Larimer Street, Suite 100 (Bridge Level)
Denver, Colorado 80202
303.650.6500

Sign Up For Our Newsletter

Contact: 303.650.6500|info@etkinjohnson.com

Monthly Archives: March 2017

Etkin Johnson Acquires 33 Acres Adjacent to Colorado Tech Center

As Seen In Mile High CRE – March 22, 2017

Etkin Johnson Real Estate Partners, a full-service, privately owned commercial real estate investment and development company based in Colorado, has acquired a 33.12-acre parcel adjacent to the Colorado Technology Center (CTC) in Louisville, Colorado.

“We’ve been active in CTC for more than 20 years, and have grown our portfolio there to nearly 1.2 million square feet,” said Derek Conn, executive vice president and partner at Etkin Johnson. “This parcel provides another strategic site that offers maximum visibility, flexibility and convenience for tenants looking to attract top talent from all the markets along the Northwest Corridor.”

Coloardo Tech Center Aquisition Etkin Johnson Real EstateThe 33.12-acre parcel, purchased from the estate of Richard Hoyle, will be annexed into CTC, adding to Etkin Johnson’s portfolio in the business park. The company currently owns nearly 5 million square feet total in Colorado.

The acquired land has historically been used as a tree farm, but was rezoned for commercial use prior to the sale. The site is one of the last remaining pieces of land in or around CTC that can accommodate 24-foot clear flex buildings, a staple feature of Etkin Johnson’s buildings. Etkin Johnson plans to break ground on the first building of a proposed three-building, 400,000-square-foot office/industrial/flex campus – dubbed the Louisville Corporate Campus at CTC – in the fourth quarter of 2017.

“A traffic signal will also be installed at the entrance to the park along Dillon Road,” added Conn. “It’s one more perk that should prove advantageous when leasing the to-be-built buildings.”
Like other Etkin Johnson properties in the area, the proposed Louisville Corporate Campus at CTC will include outdoor workspaces, highly integrated technology, roll-up glass garage doors that create open-air workspaces, and environmentally responsible amenities including:

  • Energy efficient HVAC system
  • Solar control Low-E glass
  • Strategically placed skylights
  • GenFlex cool roof system
  • Free electric vehicle charging stations
  • Exterior LED building and parking lot lighting

Etkin Johnson acquires 33 acres adjacent to CTC, plans 3-building project

As Seen In BizWest – March 21, 2017

Etkin Johnson Colorado Tech Center land acquisition

This site plans shows the layout for Etkin Johnson Real Estate Partners’ proposed three-building, 400,000-square-foot office/industrial/flex campus – dubbed the Louisville Corporate Campus at CTC — in Louisville. Courtesy Etkin Johnson.

Denver-based Etkin Johnson Real Estate Partners has acquired 33 acres of land adjacent to the Colorado Technology Center in Louisville. The privately owned commercial real estate investment and development company plans to break ground on the first building of a proposed three-building, 400,000-square-foot office/industrial/flex campus — dubbed the Louisville Corporate Campus at CTC — in the fourth quarter of 2017.

Etkin Johnson purchased the land north of Dillon Road near the CTC from the estate of Richard Hoyle. The purchase price was not disclosed, and the transaction has not yet been processed in public records.

The land, historically used as a tree farm, will be annexed into the tech center, where Etkin Johnson owns nearly 1.2 million square feet of space. The company owns nearly 5 million square feet total in Colorado.

The land was rezoned for commercial use prior to the sale.

The site is one of the last remaining pieces of land in or around CTC that can accommodate 24-foot clear flex buildings, a staple feature of Etkin Johnson’s buildings.

“We’ve been active in CTC for more than 20 years,” said Derek Conn, executive vice president and partner at Etkin Johnson. “This parcel provides another strategic site that offers maximum visibility, flexibility and convenience for tenants looking to attract top talent from all the markets along the Northwest Corridor.”

“A traffic signal will also be installed at the entrance to the park along Dillon Road,” Conn added. “It’s one more perk that should prove advantageous when leasing the to-be-built buildings.”

Like other Etkin Johnson properties in the area, the proposed Louisville Corporate Campus at CTC will include outdoor workspaces, integrated technology, roll-up glass garage doors that create open-air workspaces, and environmentally responsible amenities.

More apartments ramping up for northern Colorado Springs

As Seen In The Gazette – March 1, 2017

As Colorado Springs’ apartment market remains red-hot, a Denver company that plans to build 288 northside units says it might nearly triple that number, depending on how well its initial project does.

Gateway at Interquest Apartments Colorado SpringsEtkin Johnson Real Estate Partners aims to start construction in the third quarter on an apartment complex that will be part of The Gateway at InterQuest, a nearly 77-acre development southeast of Interstate 25 and InterQuest Parkway. The company bought the land a year ago, with plans to develop it into a mixed-use project.

A concept plan recently submitted to the city’s Land Use Review Division by Etkin Johnson representatives shows an initial project would include 16, three-story buildings, each with 18 units or a total of 288 apartments. The project would be built on the southeast portion of the property.

The concept plan also suggests the company might develop a total of 864 units as part of The Gateway at InterQuest. However, Derek Conn, an Etkin Johnson executive vice president and partner, said Tuesday that future phases with additional apartments would depend on demand.

“We need to see how the market absorbs the initial phase, as well as the other construction that’s going on in the submarket, before we decide to pull the trigger on phase two and three,” Conn said.

The 288-unit complex is planned as a Class A project, which means a higher-end development with a clubhouse, fitness center, pool and other amenities. He couldn’t say what rents will go far, although they’ll be comparable to similar projects, Conn said. Apartments built after 2010 averaged nearly $1,320 a month in the third quarter of 2016, according to a Colorado Division of Housing report.

Overall, a strong demand for apartments has driven Springs-area rents to record highs for six consecutive quarters, while the local vacancy rate in the third quarter was at a nearly 16-year low, the Housing Division report shows. And even as hundreds of new apartments are being built or on the drawing board, they’re not keeping pace with renter demand, multi-family experts have said.

Etkin Johnson remains optimistic about growth in the InterQuest area, where at least three other mixed-use projects are in various stages of development, Conn said. Those projects – InterQuest Marketplace, InterQuest Commons and Victory Ridge – will include stores, restaurants, hotels and entertainment uses.

“We are very bullish on northern Colorado Springs and feel like there’s still some room to run and some growth in the marketplace,” Conn said.