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Northwest Denver Market Overview <br />1ST QUARTER 2014 <br />Market Fundamentals, Cont. <br />Recent Developments <br />¤ Prospect activity in the 1st quarter is elevated from the previo <br />quarter at 1,223,800 SF (772,784 SF Ï 4Q) and is up in <br />¤ 2014: 7.65 million SF base <br />comparison to activity year over year (999,949 SF Ï 1Q 2013) <br />¤ 1st quarter 2014, Centura Health purchased 7233 Church Ranch <br />¤ 4th quarter 2013 posted positive absorption of 19,609 SF <br />(46,606 SF) <br />¤ Hines delivered EOS, the 186,231 SF spec office building at <br />¤ Transaction activity during the 1st quarter remained subdued wit <br />the corner of Interlocken Blvd. & Interlocken Loop in July 2012, <br />5 transactions closing 10,000 SF and larger including the largest <br />currently 60% leased (leased 112,000 SF to Aircell Q1) <br />transaction of the quarter, Aircell (111,875 SF), EOS in Broomfi <br />Renewable Energy Resources (38,999 SF) at Eldorado Ridge II, V <br />¤ Added Oracle Buildings 6 (160,569 SF) and 2 (110,660 SF) in <br />warehouse expansion (35,828 SF) at 380 Interlocken, Noodles <br />2012 to base as they are being marketed to third parties - currently <br />and Company renewal/expansion (39,509 SF) at 520 Zang and <br />combined 90,000 SF available (although Exempla is at lease to <br />Regis University renewal at (18,814 SF) at Eldorado Ridge I. <br />expand by 140,000 SF+, which will remove all availability in 2Q <br />Oracle reorganized space to accommodate) <br />¤ 1st quarter 2014 posted negative absorption of (9,654 SF) <br />¤ 385 Interlocken (297,682 SF) delivered 3rd Quarter 2010, <br />¤ 4th quarter 2013, Department of Agriculture purchased 305 <br />currently 63% leased (currently at lease with ICAT for 40,000 SF) <br />Interlocken 47,444 SF, removed from third party base <br /> <br />¤ Despite the healthy activity, absorption was slightly negative a <br />of the 5 large transactions that occurred in the 1st quarter were <br />Looking ahead to the 2nd Quarter 2014 <br />renewals with either moderate or no positive absorption impact, <br />VM wareÔs expansion did not yield positive absorption as existin <br />¤ Exempla is at lease to take an additional 143,000 SF at the Orac <br />tenants were shuffled to accommodate tenantÔs need, Aircell <br />Campus <br />will not take occupancy until 2nd quarter, and 3 primarily non- <br />competitive class B-/C properties lost/downsized tenants in E. o <br />Church Hill Ranch area <br />[ ] <br />6 <br />CBRE <br />