As Seen In The Colorado Real Estate Journal July 2-July 15, 2014

Etkin Johnson Real Estate Partners has started construction of another industrial/flex building at the Colorado Technology Center in Louisville after buying the last piece of an 11.14-acre development site.

Etkin Johnson Real Estate Partners has started construction of a 136,701-square-foot speculative building at 1900 Taylor Ave., at the corner of Taylor and CTC Boulevard in Louisville.

Etkin Johnson Real Estate Partners has started construction of a 136,701-square-foot speculative building at 1900 Taylor Ave., at the corner of Taylor and CTC Boulevard in Louisville.

The 136,701-square-foot building at 1900 Taylor Ave. is the larger of two buildings the company is building on a speculative basis at CTC.

Etkin Johnson, through an entity called EJ 1900 Taylor LLC, purchased 2.49 acres of land at 1900 Taylor from Winchester Investments LLC. Combined with 8.65 acres it bought in 2012, it paid $1.46 million, or $3 per sf, for the site.

The developer also is building a 66,350-sf spec building at 1900 Cherry St., where tilt-up concrete walls were erected early last month. Activity on both buildings is strong, according to Ryan Good, Etkin Johnson vice president of leasing and sales.

“Were currently seeing great activity in CTC and we hope to land several deals at the new buildings before theyre developed,” Good said in a statement. “Its evident from the interest were seeing that these buildings will meet a demand for larger users who currently have limited options to start up or expand their operations in the Northwest corridor. Were excited about the opportunity to bring these quality developments to the CTC and fulfill this need.”

The building at 1900 Cherry is scheduled for completion in July and 1900 Taylor will be delivered in November.

Both buildings will have 24-foot-clear ceiling heights, heavy power and stunning mountain views. They also are designed to be energy efficient to minimize environmental impact. Green building features include low-E glass, which transmits more than 60 percent of the suns natural light while blocking more than 70 percent of its heat, dramatically reducing energy consumption and utility costs. The GenFlex cool roof systems white surface reflects more than 7 percent of the suns heat away from the building, and Etkin Johnson said an exceptionally energy-efficient HVAC system will generate operating cost savings that will flow directly to tenants. The buildings also will have strategically placed skylight, LED exterior lighting and electronic-vehicle charging stations.

Etkin Johnson Real Estate Partners owns and manages eight state-of-the-art industrial/flex properties totaling approximately 650,000 sf in the Colorado Tech Center, along with 30 acres of land for flexible build-out. Tenants in the master-planned park, which is located along the Northwest Parkway and U.S. Highway 36 corridor, include Fresca Foods, Babolat, Intertek and Kiosk.