As Seen In The Denver Business Journal Dec 10, 2013

Broomfield-based business Trelleborg Sealing Solutions will move to Louisville?s Colorado Technology Center after inking a 10-year lease for 75,899 square feet, according to the Etkin Johnson Group. The real estate company plans to build two new speculative industrial/flex buildings on the campus after seeing the existing space at the 1886 Prairie Way filled by Trelleborg Sealing Solutions. Trelleborg Sealing Solutions is a division of the Sweden-based company Trelleborg AB that manufactures “engineered polymer solutions that seal, damp and protect critical applications in demanding environments,” according to its website.

Trelleborg Sealing Solutions signed a lease for 75,899 square feet of industrial space at 1886 Prairie Way, Louisville. It will move to the Colorado Technology Center in 2014.

Trelleborg Sealing Solutions signed a lease for 75,899 square feet of industrial space at 1886 Prairie Way, Louisville. It will move to the Colorado Technology Center in 2014.

General Manager Tom Potosky said the move was necessary because the company is growing, wanted all departments under one roof and liked the newer building at CTC, 1886 Prairie Way, north of U.S. 36 and the Northwest Parkway.

“We had originally looked at the CTC in 2001,” Potosky said. “But we decided to do our expansion here at the time.”

The company has about 125 employees in three buildings. It told the City of Louisville it plans to add 25-50 employees in coming years.

“Some of our customers are in the CTC,” he said. “And we wanted to stay within about 5 miles so we wouldn’t lose any key workforce.”

While the price was comparable when measured against ground-up development, Potosky said the time an effort involved in ground-up construction would have taken too long. It’s planning the move for next summer with plans to be fully operational in the new location by October.

The local division specializes in engineering sealing and bearing solutions for advanced applications in aerospace, automotive, life sciences (health) and oil/gas businesses, he said. Etkin plans to start construction on 1900 Cherry, the first of the two new buildings, on 4.84 acres at the southwest corner of the CTC Boulevard and Cherry Street, this month. A second building at 1900 Taylor Avenue on 11.14 acres at the southwest corner of CTC Boulevard and Taylor is planned for next year, bringing the total new square footage to 203,051 of industrial space. “We are excited to continue our commitment with the City of Louisville and Colorado Technology Center by investing in and developing two new properties,” said David Johnson, president of Etkin Johnson. “The recent Trelleborg lease reflects the growing demand we’ve seen for Class A industrial space in the Northwest Corridor. We are confident these facilities will see strong interest and leasing activity and we are currently working with active prospects for the new buildings.”

“Colorado Technology Center is the perfect setting for technology companies looking for an exceptional location with a prominent image,” said Ryan Good, vice president of Etkin Johnson Group, who brokered the Trelleborg deal with Jeremy Kroner of CBRE Group Inc. Kroner represented Trelleborg.

“CTC’s desirability has allowed us to attract new tenants like Trelleborg and we’re pleased that our property met the company’s high image standards,” he said. ” The leasing success we’ve seen in CTC over the past year has given us the confidence and opportunity to continue developing in the business park.”

View on bizjournals.com