Guests took guided tours through 2424 Garden of the Gods Road to see Westside Investment Partners’ $3.5 million in renovations to the largest available office space in southern Colorado on Sept. 21.
New amenities include a 220-seat auditorium, a fitness center, outdoor patios, conference rooms and several other new additions.
Verizon, Xerox Corporation and Premiere Global Services currently fill the building, leaving 450,000 square feet available to lease at $13.50 per square foot.
CBRE may announce a tenant by the end of October, according to one of the leasing team members Brad Bird, who is the vice president for advisory and transaction services for CBRE in Colorado Springs.
“We’re hoping that [businesses] will see what is here,” Bird said. “It is a remarkable location that provides more for businesses that demand more for their employees and for their companies, it’s part of their image.”
Multiple businesses could fit into the available space, Bird said, adding that a business could fill as little as 5,000 square feet or the entire available space, depending on the size of the company.
“It’s not out of the realm of possibility that a single company would take the entirety of that space,” Bird said. “[Such as a] larger national company that’s looking for a new regional headquarters or new position in the market.”
It could take up to two years to have the office space filled, Bird said.
“It’s taken an immense amount of time and investment to improve it to its current condition,” Bird said. “Now it’s at the spot where we can really start marketing and leasing it.
“So we expect a velocity in communications and the deals that are being negotiated to increase significantly over the next 12 months.”
Bird said one of the primary driving factors for companies when choosing a location is the attraction and retention of talent.
“That talent today more and more is looking for a creative work environment that helps them balance out their lifestyle,” Bird said. “When you look at the amount of time that most people spend in the office it ends up being the greater portion of our day.
“So the Millennial generation, even my generation, we’re looking for places where we can work, but still have a balanced lifestyle and be able to get out get on our mountain bike and come back, take a shower if we need to [and] be able to step out onto a courtyard such as this, catch a mental break, refresh for a moment after stresses of the day.”