As Seen In BizWest – December 1, 2015

Etkin Johnson Real Estate Partners plans to break ground in the spring on a 152,992-square-foot building at 633 CTC Blvd. in the Colorado Tech Center.

LOUISVILLE – Just as Etkin Johnson Real Estate Partners broke ground on one large speculative industrial/flex building in Louisville’s Colorado Technology Center on Tuesday, the company also announced plans for its next.

Officials for Denver-based Etkin Johnson said they closed last week on the $1,975,000 purchase of 12.2 acres of land at the southwest corner of CTC Boulevard and Boxelder Street. There they plan to break ground next spring on a 152,992-square-foot office/flex/industrial building with an address of 633 CTC Blvd.

Etkin Johnson bought the land for the 633 CTC Blvd. building from California-based Hill Properties, a deal that included four adjacent parcels.

Construction has begun, meanwhile, on 2000 Taylor Ave., a 120,581-square-foot building with 24-foot clear ceilings and 16 loading docks. That building is expected to be completed by next summer.

Etkin Johnson officials said 2000 Taylor has seen interest from multiple natural and organic food companies. Etkin Johnson executive vice president Ryan Good said via telephone Tuesday that the goal would be to lease the building to a single tenant but that it could be broken up if necessary. Good declined to disclose the projected cost to construct the new buildings.

The last three spec buildings Etkin Johnson has built in the CTC within the last 12 to 18 months have all been leased to single tenants. Those included 1900 Cherry, a 66,350-square-foot building leased to Whitewave Foods; 1900 Taylor, a 136,000-square-foot-building leased to Fenix Outdoor; and 1960 Cherry, a 60,000-square-foot building leased to Packers Plus Energy Services.

“That would be our goal,” Good said.

Etkin Johnson’s CTC portfolio of industrial/flex space now includes nearly 1 million square feet that is 100 percent leased.

“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 in a press release. “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 buildings and lease up prior to full construction.”