As Seen In The Denver Business Journal – December 1, 2015

A new industrial building at 2000 Taylor St. in Louisville has broken ground.

Denver-based Etkin Johnson Real Estate Partners has broken ground on its latest development, a 120,581-square-foot speculative flex industrial building at the Colorado Technology Center in Louisville.

Speculative flex industrial refers to space that is not necessarily leased when construction begins, and has room for office space.

The new development is located at 2000 Taylor Avenue and will include 24-foot ceilings, heavy power, loading docks and energy-efficient design. The project is expected to be complete in summer 2016.

“Colorado Technology Center is an ideal environment for the development and growth of innovative, specialized businesses like organic food and natural product companies,” said Ryan Good, executive vice president and partner at Etkin Johnson. “The vision we have for CTC is to provide a growth platform for these small- to mid-sized businesses in order for them to flourish in Boulder County.”

Etkin Johnson has been busy leasing portions of the Colorado Technology Center in 2015, including leases to Packers Plus Energy Services, Fenix Outdoor Imports, WhiteWave Foods and a long-term lease expansion with Fresca Foods, an existing tenant of Colorado Technology Center that signed a new lease from nearly 115,000 square feet.

“CTC’s proximity to Boulder made it a natural fit for us,” said Zan Powell, CFO and COO of Fresca Foods. “Boulder County is considered to be the epicenter of the natural products industry. As a partner to many entrepreneurial natural food companies, locating ourselves in CTC has allowed us to be close to many of our partners and thought leaders in the industry.”

Etkin Johnson also Tuesday announced plans for a development on 12.2 acres at the southwest corner of CTC Boulevard and Boxelder Street. The company purchased land from Hill Properties for $1.9 million or about $3.72 per square foot and has plans to build 152,992 square feet of office and flex industrial space on the site. Groundbreaking on the project, called 633 CTC, is planned for next spring.

“Companies looking to expand in Boulder County continue to see CTC as their ideal location when considering space availability, lease rates and expansion capabilities,” Good said. “We’re confident both 2000 Taylor and 633 CTC will see significant interest and we are hopeful they will follow the same trend as our newest CTC spec building and lease-up prior to full construction.”

Etkin Johnson in November sold the Retreat at Flatirons, an apartment community, to Invesco Real Estate Advisors for $94 million.