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Westminster to Union Station commuter rail opens July 25

Posted on: May 27 16

by: admin

Source: Westminstereconomicdevelopment.org

5/25/2016
New line will travel between Downtown Denver and Westminster in 11 minutes

RTD NEWS RELEASE:

The Regional Transportation District (RTD) received official notice that the B Line from #Denver Union Station to Westminster will be ready and open for service on July 25, 2016. This notice came from project concessionaire, Denver Transit Partners (DTP).

B Line will carry passengers from downtown Denver to #Westminster on commuter rail in 11 minutes.

“RTD staff, our contractors as well as our federal, state and local partners have put in a remarkable effort to complete the B Line’s first segment,” RTD Chair of the Board of Directors Tom Tobiassen said. “This rail line will be the third project this year the agency opens to the public with the G and R Lines coming later in 2016. This many major transit line openings in one year are unprecedented in public transportation and the region should be proud of the collaboration that is making it happen.”

The B Line to Westminster will be the second electric commuter rail line to operate in Denver—the first being the University of Colorado A Line to Denver International Airport, which began service on April 22.

“Our ability to bring this type of rail connection to the Denver area is ground-breaking and will change the way residents and visitors experience our great cities,” said RTD’s CEO and General Manager Dave Genova. “We have elevated the standards of transit by implementing an electric commuter rail system that is safe, quick and highly accessible.”

Electric commuter rail vehicles are faster than light rail, with a top speed of 79 mph versus 55 mph. The vehicles are also larger and carry more people than light rail vehicles—200 people at maximum. Commuter rail vehicles have level boarding at all doors of the train and have two wheelchair spaces per car. These trains also have large seats, overhead storage, luggage towers and bicycle racks.

This segment of the B Line will serve two stations—Denver’s Union Station and the new Westminster Station located at West 69th Avenue (future Westminster Station Drive) and Grove Street.

“The opening of Westminster Station in a few short months presents a tremendous opportunity for the city and regional commuters — 11 minutes nonstop to Denver from a signature station will be a catalyst for future development,” Westminster Mayor Herb Atchison said. “We’re excited to be leading the way with the first connection on the #FasTracks Northwest Rail line to #Boulder and Longmont.”

The remaining segment, from south #Westminster to #Longmont, will be diesel-powered commuter rail. Construction of the line from Westminster to Longmont will begin when funding becomes available.

For more information about the B Line visit http://www.rtd-denver.com/b-line.shtml.

The B Line to Westminster is part of the Eagle P3 project, the nation’s first full public-private partnership for transit. Eagle P3 is a $2.2 billion project, which includes local RTD taxes combined with a $1.03 billion federal grant and $450 million from DTP, the project concessionaire. As concessionaire, DTP will build, operate and maintain the trains for 34 years.

The Eagle P3 Project is part of FasTracks—RTD’s 2004 voter-approved plan to expand transit services. The plan includes building 122 miles of commuter rail and light rail and 18 miles of bus rapid transit service, adding 21,000 new parking spaces, the redevelopment of Denver Union Station, and the redirection of bus services to better connect the eight-county District. For more information, visit http://www.rtd-denver.com.

Broomfield-based The Allen Company buys 20 acres for new Louisville campus

Posted on: May 26 16

by: admin

LOUISVILLE — Sporting goods manufacturer The Allen Co. Inc. — which in 2011 received an incentive offer from the city of Louisville to relocate there from Broomfield commercial office— closed recently on the $2.27 million purchase of a 20-acre commercial real estate site in the Colorado Technology Center business park where it plans to build a two-building, 313,290-square-foot campus.

Officials for the 46-year-old company, which makes hunting, fishing and other outdoor gear, could not be reached for comment Monday.

But the reinstatement of a planned unit development for the site from December indicates that The Allen Co., based at 525 Burbank St. in Broomfield, is once again planning a move to Louisville.

Buckeye Investments LLP, an entity registered to The Allen Co. president George Cavanaugh, bought the land at the southwest corner of Boxelder and South 104th streets from California-based real estate investment firm Hill Properties. Local commercial real estate broker Andrew Freeman represented Hill in the sale, and said Monday that he believes The Allen Co.’s plan is to break ground in the fall, with construction likely to take about a year.

Freeman said The Allen Co., has had the site “under control” for the past five years.

In 2011, the company was approved by the city of Louisville to build the two buildings totaling 313,290 square feet on the site for office and manufacturing space. The city also approved an incentive package that included rebates on building use tax and permit fees worth an estimated $123,500.

Those incentives expired at the end of 2012. The PUD, meanwhile, expired in 2014. But officials for The Allen Co. last fall applied for reinstatement of the same PUD and received city council approval on Dec. 15.

The council’s Dec. 15 agenda packet indicated that The Allen Co. had 135 employees at that time. According to a 2011 BizWest story on the incentives, that’s down about 15 people from five years ago.

Broomfield biotech firm Accera moves to Boulder

Posted on: May 18 16

by: admin

BOULDER — Clinical-stage biotech firm Accera, which is developing a therapy to treat Alzheimer’s Disease, has moved from Broomfield to Boulder to become part of the latter’s bustling life-sciences scene and cash in Boulder’s international reputation as a startup haven.

Accera CEO Charles Stacey said Wednesday that the company officially made the move April 11 to lease space at 3005  Center Green Drive. Accera has about 8,000 square feet at its new digs, slightly less than the broomfield commercial real estate space it had at 380 Interlocken Crescent. But Stacey said the new space is more usable and will allow Accera to grow.

“We’re a little bit more in the thick of the life-sciences community,” Stacey said in a phone interview. “I think one of the other things that was key for us is Boulder definitely has more international cachet. It’s more recognizable internationally.”

Accera employs 20 people, a number Stacey expects to grow to 30 by the end of this year or early next, though some of that growth will come through remote hires as the company adopts the practice of trying to attract top life-science talent no matter where those people might be located.

Once as large as 140 employees, Accera has undergone a major transformation over the past two years.

The company is currently in the midst of a phase 3 clinical trial for its drug candidate AC 1204, which is aimed at addressing a metabolic defect in the brains of Alzheimer’s patients. That trial, which is being run entirely in the United States, is to be completed this fall, with an international Phase 3 trial to begin early next year.

Assuming those trials go as planned, Accera is aiming to apply approval from the U.S. Food and Drug Administration sometime in 2019 and have AC 1204 to market in 2020.

The company just made the shift toward new drug approval in 2014.

Founded in the early 2000s, Accera began marketing a product based on the same premise as AC 1204 in 2010. Dubbed Axona, the product was marketed as a medical food rather than a drug. Medical foods are those designated for use in the dietary management of medical conditions or diseases under supervision of a doctor. While medical foods don’t require FDA approval, the FDA does have oversight of them.

Stacey said Axona had tens of thousands of users but never gained the market traction or adoption in the medical community the firm had expected. On top of that, the FDA had sent Accera a warning letter in late 2013, contending that Axona did not meet the requirements of a medical food. Accera issued a response arguing its case and never got an official response from the FDA, Stacey said. But he said the challenging marketing and regulatory environments around medical foods led the firm to pivot toward the more-expensive route of going through phase 3 trials and gaining approval for Accera’s technology as a drug. Accera stopped marketing Axona, though it is still available to those who use it.

Accera laid off its entire commercial and sales teams in 2014 and got down to 12 people at one point. Much of last year was spent transitioning and building out the drug-development team to fulfill Accera’s current strategy.

“We feel we’ve got a really great team now,” said Stacey, who joined Accera as interim CEO in early 2014 and was named to the role in a permanent capacity last summer.

Stacey said the company will likely open an office in London next year to help oversee the international trial. An Asian office is possible as well.

Accera has raised more than $200 million since its founding. Global life-sciences investment firm Inventages, which is backed by food giant Nestle, has been an investor since 2004. Nestle itself came onboard with a large investment in Accera in 2012.

The demand for Alzheimer’s drugs is high, as there is still no cure for the disease and even the root cause has been elusive. No new drugs have gained FDA approval since 2003. Two companies working on Alzheimer’s treatments, Axovant and vTv Therapeutics, had initial public offerings last year, and Stacey said an IPO is one route Accera could go, though he declined to disclose specific fundraising plans as the company works to advance its trials.

While Accera’s current trials are aimed at treating Alzheimer’s symptoms, Stacey said Accera officials believe their technology could ultimately also be used as a mechanism for preventing the onset of the disease in patients deemed at high risk earlier in life. To gain approval for use in prevention would take further, lengthier trials in younger patients.

“We want to be able to prevent the onset of this disease, eventually,” Stacey sai

Broomfield startup mcSquares reshaping classrooms, boardrooms

Posted on: May 18 16

by: admin

BROOMFIELD — The idea for Anthony Franco’s fifth company sprouted while he was trying to solve what he called at the time an “introvert problem” at company No. 4.

As a serial entrepreneur, Franco had long since discovered that there was no issue with getting “the pompous executives” — a group in which he includes himself — to speak up and share ideas in the conference room. Getting quieter employees to participate was more difficult and often led to valuable input not being heard until after the fact or not at all.

So when an employee one day had told Franco she hadn’t brought up an idea, one he felt was just the nugget of insight a preceding discussion had missed, because she didn’t like speaking up in meetings, he decided to create a system where everyone is heard.

The solution became mcSquares, collaborative dry-erase tiles that can come off the wall and be handed around the room to get people to contribute and then snapped back on the wall so all ideas can be discussed in front of the group.  Mcsquares leases commercial office space at 15448 Mountain View Circle, Broomfield Source: Bizwest

German manufacturer Viega moving U.S. headquarters to Broomfield

Posted on: Apr 15 16

by: admin

A German-based manufacturer of plumbing and heating components has decided to move its U.S. headquarters from Wichita, Kan., to Broomfield.

The Broomfield Enterprise reports that Viega LLC’s move is expected to bring 190 new jobs to the city, where the company plans to build a new facility at 575 Interlocken Blvd.

The Colorado Economic and Development Commission in January had offered Viega $223,380 in incentives to locate in Broomfield over Kansas or Georgia.

Boulder, Longmont, Broomfield chambers form regional alliance

Posted on: Apr 8 16

by: admin

The chambers of commerce in Boulder, Longmont and Broomfield have formed an alliance that they hope will help them address regional issues such as transportation and affordable housing, not only at the local level but also with a unified voice before state lawmakers.

Dubbed the Northwest Chamber Alliance, the group’s intent is to bring in other chambers in the area to participate as well.

The Northwest Chamber Alliance’s first major order of business will be to meet with Gov. John Hickenlooper and other state legislators on April 6 in Denver to express business leaders’ concerns around transportation and their support for more regional transportation planning and funding.

“We’re understanding and seeing the effects of under-investment in our transportation infrastructure,” John Tayer, president and CEO of the Boulder Chamber, said on Tuesday.

Transportation will be a major focus for the alliance in general, Tayer said.

“We all have an interest in seeing the full buildout of FasTracks in the long-term,” Tayer said, referring to the Regional Transportation District’s planned commuter rail system whose arrival to the Boulder and Longmont areas at this point appears to be delayed for decades. “But we recognize there are opportunities for short-term investments that will improve mobility that are good not only for business but also quality of life.”

Tayer said there will no doubt be other issues that the alliance addresses from policy and infrastructure standpoints that require regional solutions.

At this point, Tayer said the group is driven primarily by the volunteer efforts of the respective chamber staffs.

Between the three chambers, they represent 2,400 businesses with roughly 100,000 employees.

“We plan to take a leadership role, along with the businesses and other organizations our chambers represent, in building coalitions with local governments and other stakeholders to advance proactive solutions,” Broomfield Chamber CEO and president Jennifer Kerr said in a release.

Chambers of commerce in Fort Collins, Greeley and Loveland, along with Upstate Colorado Economic Development, operate their own public-policy advocacy organization, the Northern Colorado Legislative Alliance.  Source:  Bizwest.com

New small industrial spaces coming to Louisville – Broomfield area

Posted on: Feb 25 16

by: admin

LOUISVILLE/BROOMFIELD — Denver-based Comunale Properties said Wednesday it will construct a building with small-bay industrial and flex space in the Colorado Technology Center in Louisville.

Summit at CTC is a 62,400-square-foot speculative project intended to be subdivided into 9,600-square-foot spaces and leased to multiple tenants that don’t require a large space.

The project, being built at 486 S. Pierce Ave., is expected to be completed late this year. Cost of the project was not released.

“We are excited to get underway with Summit at CTC catering to smaller users that need modern Class A construction to efficiently run their businesses, which hasn’t been available in the greater Denver and Boulder markets,” said the company’s president and managing partner John Comunale. “The vast majority of new construction this cycle has been geared toward larger users in excess of 100,000 square feet, with 50,000-square-foot bays being some of the smallest we’ve seen. The core of our business is focused on the 10,000- to 25,000-square-foot user, and this is a niche we think will be well received in the Colorado Technology Center.”

Development features include 24-foot ceilings, dock-high and drive-in doors, a high-output, high-volume sprinkler system, and front and rear parking with three parking spaces per 1,000 feet.

Comunale is planning a second phase that will consist of a 40,000-square-foot building that could be built to suit or developed speculatively shortly after the groundbreaking of Summit at CTC.

The project represents Comunale Properties’ latest development as part of its 1 million-square-foot portfolio. The family-owned commercial real-estate investment, management and development company primarily focuses on industrial and flex assets in Colorado and Ohio.

Erik Abrahamson, senior associate with CBRE Industrial & Logistics Service, said over the past several years that a significant amount of industrial inventory in Boulder has been redeveloped for other uses, making it hard for industrial users to stay in the area. Abrahamson, along with CBRE’s Tyler Carner, Jeremy Kroner and Jeremy Ballenger, are leasing agents for the property.

Lakewood-based Alcorn Construction Inc., is the general contractor, and Powers Brown Architecture in Denver is the project’s designer.

Jax Mercantile to open store in Broomfield

Posted on: Feb 25 16

by: admin

According to the Daily Camera outdoor retailer Jax Mercantile is pushing its footprint farther south, with the Fort Collins-based company planning to open a store in Broomfield.

The Camera reports that the company has leased a 9,390-square-foot space at 5005 W. 120th Ave. that was left vacant in 2012 with the closure of a Kmart. The store is slated to open this spring.

Jax already has two stores in Fort Collins, including a Jax Outdoor Gear and Jax Ranch and Home. Lafayette is also home to the same two stores, while Loveland has a Jax Outdoor Gear Ranch and Home, and Ames, Iowa has a Jax Outdoor Gear.

Commercial real estate sales price trends in Broomfield CO

Posted on: Feb 12 16

by: admin

According to Loopnet in early 2013 the average Broomfield office building sold for approx. $102/sf and at the end of 2015 the average price was approx. $152/sf. That’s roughly a 50% increase. Similarly the average industrial building in early 2013 sold for around $68/sf vs at the end of 2015 the average sale price for industrial buildings in Broomfield was $100/sf. That’s about a 47% increase. My how things have improved in the last three years.

Jax Merchantile to open store in Broomfield

Posted on: Feb 9 16

by: admin

Outdoor retailer Jax Mercantile is pushing its footprint farther south, with the Fort Collins-based company planning to open a store in Broomfield.

The Camera reports that the company has leased a 9,390-square-foot space at 5005 W. 120th Ave. that was left vacant in 2012 with the closure of a Kmart. The store is slated to open this spring.

Jax already has two stores in Fort Collins, including a Jax Outdoor Gear and Jax Ranch and Home. Lafayette is also home to the same two stores, while Loveland has a Jax Outdoor Gear Ranch and Home, and Ames, Iowa has a Jax Outdoor Gear.

Broomfield Commercial Real Estate provides commercial real state sales & Leasing to established businesses, to start ups, to property owners and to investors in the greater Broomfield Colorado area

Contacts

Broomfield Commercial Real Estate Brokerage: Summit Commercial Brokers, 325 Interlocken Parkway Building A #105, Broomfield CO 80021

Broomfield Commercial Real Estate
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Broomfield CO 80021
Phone: 720-600-9084
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