Tierra Vista Communities spokeswoman Meryl Large said the new complex will house a gathering place for family activities and includes a coffee shop, a temporary youth center, an indoor pool, an outdoor splash park and an outdoor playground. The facility will also include centralized offices for both the Tierra Vista property management team and the Air Force Capital Asset Management Team.
Energy efficiency has been a high priority in the construction process, which has included soy-based spray foam insulation (which virtually eliminates the issue of air infiltration) and appliances will include water and energy saving fixtures, Large said.
Construction lending alive
Updated information and education about today’s credit-strapped commercial construction industry and a chance to hear prominent national speakers will be the focus of the annual Strategies for Success in Construction Lending Commercial Seminar next week at the Ritz-Carlton in downtown Denver.
The conference kick off will open with a “Wild West” welcome and registration on March 3 and will be followed by lectures and roundtable discussions on March 4.
Keynote speaker Denver Mayor John Hickenlooper will open with a presentation about “How Stimulus Money Has Contributed to Construction in Denver.” Topics to be addressed include legal, financial, bank real-estate-owned projects, federal regulatory updates and issues facing construction lenders in today’s tight-credit economy. Visit www.ssclseminar.com for details.
Office deals signed
While commercial leasing may be off as much as 20 percent from the market’s height during 2007, local companies continue to relocate, expand and shed extra space. Here are the latest updates from area commercial brokers:
Accelerated Recovery Specialists has leased 3,860 square feet of office space in the Center City Plaza building at 455 E. Pikes Peak Ave. Drs. Michael Sparr and Eric Ridings will move into the new offices during first quarter 2010. That’s according to broker Ted Link of Cascade Commercial Real Estate who facilitated the transaction for the tenant and for the landlord, Bethesda Management.
The Christian Arts Center has leased 8,000 square feet at 3815 N. Academy Blvd. Charlie Madson of Keller Williams Partners represented the tenant; Steve Leigh and Tim Leigh of Hoff & Leigh represented the landlord, Peel Investments.
Alley Cat Theatrics has leased 2,400 square feet of office space at 1826 E. Platte Ave. from landlord Springs Center LLC. Holly Trinidad of Hoff & Leigh represented the tenant; Trinidad and Steve Leigh represented the landlord in the transaction.
The Boeing Co. has leased 2,046 square feet of industrial space at 5755 Industrial Place, Suite H from Industrial Equity Investors. Marty Johnson of EB Richard Ellis represented the tenant, and Tim Leigh of Hoff & Leigh represented the landlord, Industrial Equity Investors.
Investor Gregor Huesgen has purchased an 9,685-square-foot office building at 103 S. Wahsatch St. from Malin and Melahn Enterprises, LLC for $800,000. Tim Leigh and Steve Leigh of Hoff & Leigh represented both parties.
A dental practice owned by Betty Jo Schope, D.D.S., has leased 2,460 square feet on the Briargate business campus at 3463 Briargate Blvd. The landlord, K&R Properties LLP, and the tenant were represented by Russell Stroud and Dale Stamp of Grubb & Ellis Quantum Commercial Group
Demonstrating to Win, a local software company, has leased 3,059 square feet of office space in the Woodmen Corporate 1 building at 7150 Campus Drive. The new tenant was represented by Grubb & Ellis Quantum Commercial Group broker Mary Francis Cowan and the landlord, Golden Opportunity Funds LLC, was represented by Sierra Commercial Real Estate brokers Kent Mau, Brian Wagner and Mark O’Donnell.
Becky Hurley covers real estate for the Colorado Springs Business Journal.