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

Ann

About Ann

This author has not yet filled in any details.
So far Ann has created 50 entries.

California-based family trust pays $8.6M for Interlocken building

As Seen In BizWest – September 18, 2017

295 Main Photo_2014

This 65,127-square-foot office/flex building at 295 Interlocken Blvd. in Broomfield has sold for $8.6 million.

BROOMFIELD — Denver-based Etkin Johnson Real Estate Partners has sold an office/flex building at Interlocken in Broomfield for $8.6 million.

California-based Steve and Loretta Scheenstra Trust purchased the property at 295 Interlocken Blvd., in the Interlocken Advanced Technology Environment. NavPoint Real Estate Group, based in Castle Rock, will manage the property moving forward.

Etkin Johnson purchased 295 Interlocken in December 2009 for $6.92 million. Constructed in 1984, the property includes 65,127 square feet of office/flex space and is divided into eight business suites. The property was 92 percent leased at the time of sale.

“This sale is the culmination of a successful investment for Etkin Johnson and its partners, and we are working with NavPoint to ensure a seamless transition for all of our tenants,” said Derek Conn, executive vice president and partner at Etkin Johnson. “We remain very invested in the Northwest Corridor and are looking forward to many continued years of prosperity in the region.”

Since the company’s founding in 1989, Etkin Johnson Real Estate Partners has developed and acquired more than 85 properties across Colorado’s Front Range, totaling more 7.5 million square feet. Its current portfolio is made up of office, hotel and industrial holdings, totaling approximately 5 million square feet.

Newmark Knight Frank brokers Riki Hashimoto and Dan Grooters represented Etkin Johnson in the transaction. Matt Call and John Witt from NavPoint represented the Scheenstra Trust.

Etkin Johnson sells Clear Creek Business Center for $18.1M

As Seen In The Colorado Real Estate Journal – June 21 – July 4, 2017

An eight-building business park under the same ownership for a dozen years sold to a Honolulu-based buyer for $18.1 million.

Denver-based Etkin Johnson Real Estate Partners sold Clear Creek Business Center to Watumull Properties Corp. The park consists of 187,865 square feet of office/flex space.

“Clear Creek Business Center has been part of the Etkin Johnson portfolio for 12 years and we are working closely with Watumull Properties to create a smooth transition for all of our tenants there,” said Derek Conn, Etkin Johnson executive vice president and partner. “This sale will allow us to better focus on existing properties in the area as well as new developments and potential acquisitions,” he said.

Clear Creek Business Center, located at 6800-6880 N. Broadway in Denver, was built from 1984 to 1987. It houses 47 tenants from 526 to 19,415 sf, the largest of which are ZS Pharma, Red Hawk Fire & Security LLC and Dish Network Service LLC. Occupancy was 95 percent at the time of sale.

Situated at the confluence of Interstate 25, U.S. Highway 36 and I-76, the park provides good visibility and access. The single-story buildings are fully sprinklered and have 10-foot windows, individual HVAC units, 10-by-10-foot drive-in doors and 14- to 16-foot ceiling clearance.

Etkin Johnson sold the Clear Creek Business Center for $18.1 million.

“Thanks to our best-in-class leasing and property management teams, we were able to achieve dramatic rent growth over the last several years while maintaining near full occupancy,” said Conn. “This made for an exceptional investment opportunity for a qualified buyer.”

Brad Calbert and T.J. Smith of Colliers International handled the transaction.

Etkin Johnson owns nearly 5 million sf of industrial, commercial, hospitality and multifamily properties in Colorado, including approximately 1.2 million sf in the Colorado Technology Center in Louisville.

Watumull Properties’ holdings include more than 2 million sf of flex/industrial properties in the Denver market.

Etkin Johnson sells Denver office complex for $18.1 million

As Seen In The Denver Business Journal – June 1, 2017

Denver-based Etkin Johnson Real Estate Partners has sold a 187,865-square-foot office complex for $18.1 million.

Honolulu-based Watumull Properties purchased the Clear Creek Business Center, at 6800-6880 N. Broadway in Denver, which Etkin Johnson had previously owned for more than a decade.

Etkin Johnson sold the Clear Creek Business Center for $18.1 million.

“Clear Creek Business Center has been part of the Etkin Johnson portfolio for 12 years, and we are working closely with Watumull Properties to create a smooth transition for all of our tenants there,” said Derek Conn, executive vice president and partner at Etkin Johnson. “This sale will allow us to better focus on existing properties in the area as well as new developments and potential acquisitions.”

Clear Creek Business Center, an eight-building business park, was built in the 1980s and is occupied by 47 tenants ranging in size from 526 square feet to 19,415 square feet. The facility was 95 percent occupied at the time of sale.

Etkin Johnson owns nearly 5 million square feet of real estate in Colorado and is developing new industrial space in Louisville and a hotel in Westminster.

Sports Authority headquarters in Englewood sells for $15.77 million

As Seen In The Denver Post – April 8, 2017

Denver’s Etkin Johnson Real Estate Partners on Friday said it has sold the former Sports Authority headquarters in Englewood.

The sale to the freshly formed West Hampden Investors LLC gives hope for a revival of the sprawling campus at the corner of West Hampden Avenue and South Santa Fe Drive, which was home to almost 800 employees before big-box retailer Sports Authority sank into bankruptcy last year.

The $15.77 million deal involves two buildings: the 92,040 square-foot 1050 W. Hampden Ave. and the 118,167 square-foot 1090 W. Hampden Ave. Etkin Johnson acquired the buildings in 1998 and leased the space to Gart Bros. from 2001 to 2003 and Sports Authority — which merged with Gart in 2003 — until 2016.

The new owners, West Hampden Investors, based in Denver’s RiNo neighborhood, filed articles of organization with the Colorado Secretary of State in January.

Etkin Johnson partner Ryan Good said in a statement that the deal allows the company to concentrate on other properties along the Front Range, including new developments in Louisville’s Colorado Technology Center and in Colorado Springs.

The company, which owns almost 5 million square feet of property in Colorado, recently acquired a 33-acre parcel adjacent to the Colorado Technology Center, where it owns 1.2 million square feet of space in the office park. The company also is developing the 77-acre Gateway at InterQuest in north Colorado Springs, where it plans a 288-unit community set to break ground later this year.

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.

Sierra Nevada expands Louisville space, plans 400 new hires

As Seen In BizWest – February 3, 2017

Aerospace firm Sierra Nevada Corp. has leased 101,000 square feet of additional industrial space at the Colorado Technology Center in Louisville and intends to add 400 workers at the tech center in  the next 18 months.

Sierra is leasing 2000 Taylor Ave. from Denver-based Etkin Johnson Real Estate Partners, which constructed the building in 2016 on speculation. Sierra also occupies two other buildings in the city.

Sparks, Nev.-based Sierra Nevada Corp.’s Space Systems business in Louisville designs and manufactures advanced spacecraft, rocket motors and spacecraft subsystems and components for the U.S. government, commercial customers and the international market.

The company employs 443 of its companywide 3,430 employees in Louisville, and plans to add more during the next 18 months, said company spokeswoman Kimberly Schwandt.

Sierra Nevada employs 247 people at 315 CTC Blvd., and 196 workers at 1722 Boxelder St., in the tech center.

“We don’t have exact numbers for Taylor, yet,” Schwandt said. “But SNC Space Systems is looking to recruit possibly 400 people over the next 1.5 years in Louisville.

“Sierra Nevada Corp. is excited to be a growing team doing innovative and important work, especially with the upcoming Dream Chaser CRS2 mission with NASA. We are adding staff and workspace to accommodate our expanding company.”

The new building at 2000 Taylor has an energy-efficient HVAC system, skylights, electric-vehicle charging stations as well as exterior LED building and parking lot lighting. Its solar control Low-E glass and a GenFlex cool roof system reflect heat away from the building to reduce energy consumption and cut utility costs.

Finding a tenant for 2000 Taylor has encouraged Etkin Johnson to construct another spec building, its fifth in the CTC, at 633 CTC Blvd., a 153,018-square-foot energy-efficient building that will be available in summer 2017.

The project sits on a 12.2-acre parcel purchased by Etkin Johnson in 2015 from Hill Properties for $1.975 million, or $3.72 per square foot. The building will have similar environmentally friendly features as the 2000 Taylor Ave. building, and also include 24-foot clear ceilings, 23 dock-high doors, five drive-in loading doors and fire-fighting sprinklers. Sun-shelters and picnic tables will be installed to allow tenants to access the area’s natural setting.

Etkin Johnson owns more than 1 million square feet of office/flex/industrial space, plus more than 30 acres of land improved for build out in the CTC.

Sierra Nevada Space Systems leases Louisville warehouse

As Seen In The Denver Business Journal – February 2, 2017

Sierra Nevada Corp. Space Systems has leased 101,000 square feet at 2000 Taylor Ave. in Louisville’s Colorado Technology Center.

Sierra Nevada Corp. Space Systems has leased a 101,000-square-foot industrial building in Louisville’s Colorado Technology Park, developed by Denver-based Etkin Johnson Real Estate Partners.

Sierra Nevada Corp. Space Systems is based in Louisville and is busy building NASA’s Dream Chaser, a cargo-hauling spaceship.

The facility is located at 2000 Taylor Ave. and includes several energy-efficient elements such as skylights, exterior LED lighting and a cool roof system that reflects heat away from the building to reduce energy consumption and utility costs. It was completed in late 2016.

With 2000 Taylor Ave. leased, Etkin Johnson is now underway with a fifth building in the Colorado Technology Park, a 153,018-square-foot industrial building located at 633 CTC Boulevard. The company expects to finish the building this summer.

“This project marks the fifth spec space Etkin Johnson has developed in the CTC, and we continue to see significant growth potential in the area,” said Ryan Good executive vice president and partner of Etkin Johnson. “Located just off Highway 36 and the Northwest Parkway, companies are choosing this area for its convenience, active lifestyle and affordability relative to Denver and Boulder.”

Etkin Johnson owns more than 1 million square feet of office and industrial space in the Colorado Technology Center, plus more than 30 acres of land for future build-out.

 

Etkin Johnson reaps rewards with $18.23M Southpark sale

As Seen In The Colorado Real Estate Journal – January 18, 2017

Etkin Johnson turned a 112,179-square-foot office/flex building at Southpark Business Center into a climate-controlled self-storage facility managed by Extra Space Storage.

Etkin Johnson Real Estate Partners reaped the rewards of an asset repositioning with the $18.23 million sale of Southpark Business Center in Littleton.

The multifaceted property at 8000 Southpark Way sold to a private buyer identified in public records as Familia Eubank LLC and San Miguel LLC.

Etkin Johnson bought the property from Lockheed Martin for $4.55 million three years ago and made significant capital improvements to it. It leased a 33,238-square-foot office/flex building to Lockheed’s Autonomous Systems division, converted a 112,279-sf flex building into a state-of-the-art, 772-unit self-storage facility and leased an 8-acre fenced lot to auto sales consultant JFR & Associates.

“The most unique aspect of this property is its three distinct components,” said Derek Conn, Etkin Johnson director of finance. “We thought critically and thoroughly about how to maximize value from each building and lot on the site. Most properties don’t have this type of diversity and we needed to find a buyer who appreciated that.”

The buyer is experienced in the self-storage business and saw upside in continuing lease up of the self-storage facility, according to Charles “Chico” LeClaire, who handled the transaction with Marcus & Millichap’s Adam Schlosser, Drew Isaac and Barry Higgins. The facility is managed by Extra Space Storage, which he called “the best third-party management company in our industry.”

Combined with the Lockheed Martin and JFR leases, the deal provided “steady income, cash flow and a diversified investment all in one,” LeClaire said.

“This was a great opportunity to round-trip an asset from acquisition through value-add redevelopment and ultimately to a sale that achieved great financial success for Etkin Johnson and its investors,” said Conn. “Chico and Adam are preeminent storage brokers both locally and nationally. They made the process smooth and efficient for all parties involved and found a buyer who sees the value in Southpark Business Center’s easy access to Mineral Avenue and C-470, and generous parking.”