As Seen In BizWest – March 21, 2017
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.