CBRE and United Properties announce first tenant, Swisslog, at Interpark
228,000-square-foot Interpark shaking up the traditional industrial park with pedestrian friendly, amenity-driven environment
DENVER (April 19, 2017) – CBRE Group, Inc., and United Properties announced today that healthcare automation company Swisslog is the first tenant to join United Properties’ Interpark development in northwest Denver.
Interpark is a new mixed-use development in the heart of Broomfield. Scheduled to deliver in late 2018, Interpark will be comprised of two industrial/flex buildings totaling 228,000 square feet and seven acres of walkable commercial service and retail amenities. Located just off US-36 in Broomfield, the project is United Properties’ first development in the northwest corridor. With amenities including walking/biking paths and retail, Interpark offers a fresh take on the traditional industrial park, according to Kevin Kelley, senior vice president and regional director for United Properties in Colorado.
“Investing in retail, green space and other tenant amenities may be unusual for a flex/industrial project, but we wanted to create a unique setting at Interpark that would attract quality companies like Swisslog Healthcare,” Kelley said. “In Denver’s tight labor market, employees can afford to have high standards for their workplaces, and when a company chooses to locate in a place like Interpark, it creates a distinct competitive advantage.”
“Interpark is the latest example of how United Properties has been a visionary leader in the Denver commercial real estate market. The flex/industrial project is shaking up the traditional industrial park setting by combining new construction, open floor plans and retail offerings in a pedestrian friendly environment—and all strategically located on US-36 midway between two of the nation’s top labor pools in Boulder and Denver,” said Jeremy Kroner, vice president with CBRE Advisory & Transaction Services. Kroner is leasing the Interpark space along with CBRE’s Frank Kelley and Erik Abrahamson.
Swisslog CEO Stephan Sonderegger agreed, noting “Our new headquarters location in the corridor between the universities in Denver and those in Boulder is the right solution for attracting and retaining the technical talent we need to drive our vision for enabling better patient care. The Automation Academy and Technology Showroom onsite will allow us to train both customers and employees and demonstrate our fully integrated supply chain management and medication management solutions.”
Interpark’s two buildings will be flanked on the south side by retail at the intersection of 112th Avenue and Main Street in Broomfield. The east building, which United Properties will construct first, includes a total of 119,873 square feet, of which Swisslog is taking 67,779 square feet. JLL’s Jason White, Billy Byrne and Mitch Zatz represented Swisslog in the lease.
The remaining space at Interpark’s east building is available for lease and divisible down to approximately 15,000 square feet. The second building to the west will offer an additional 107,720 square feet of flex/industrial space that could house up to four users.
United Properties is designing Interpark to be pedestrian friendly with tenant amenities top of mind. Bike paths will be incorporated into the green space that borders the development, and the site will feature lit intersections along both Main Street and 112th Avenue. A seven-acre retail plaza that is walkable for the industrial tenants will be included within the Interpark master plan. A 7-Eleven convenience store has committed to open at the corner of the property in early 2018, and a national coffee chain is considering a location within the complex. Proposals from hotel users are also being considered for the site. In addition, the location is within a short distance to the 1stBank Center, the Arista residential development, the Westin Hotel and The Shops at Walnut Creek. A bridge near the north end of the property offers access to nearby ball fields and a recreational area.
Swisslog Healthcare is a leading global supplier of services and solutions for material transport, medication management and supply chain management in healthcare facilities. The company will move from its current headquarters in northeast Denver to Interpark’s east building, where operations will include a production plant and showcase for its portfolio of transport and pharmacy automation solutions for hospitals.
Interpark is United Properties’ third commercial development in the Denver area, following on the heels of its success with Enterprise Business Center, a 2 million-square-foot industrial project in Northeast Denver’s Stapleton neighborhood, and INOVA Dry Creek, a 695,000-square-foot mixed-use office and residential campus in Centennial, Colorado. Based in Minneapolis, United Properties has developed nearly 200 projects totaling more than 10 million square feet and nearly $1 billion dollars over the last 30 years.
Construction on Interpark’s first building is scheduled to start in June 2017 with delivery in the second quarter of 2018. For leasing inquiries, contact Frank Kelley at (720) 528-6344 or frank.kelley@cbre.com, Jeremy Kroner at (303) 264-1916 or jeremy.kroner@cbre.com, or Erik Abrahamson at (303) 264-1900 or erik.abrahamson@cbre.com.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2016 revenue). The company has more than 75,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
About Swisslog
Swisslog designs, develops and delivers best-in-class automation for forward-thinking health systems, warehouses and distribution centers. The company offers integrated solutions from a single source – from consulting to design, implementation and lifetime customer service. Behind its success are 2,500 employees worldwide, supporting customers in more than 50 countries. www.swisslog.com
Swisslog is a member of the KUKA group, a leading global supplier of intelligent automation solutions. www.kuka.com
About United Properties
United Properties has been creating deep roots in the commercial real estate industry for more than 100 years. The company imagines new possibilities in real estate to help enrich communities and create lasting legacies. United Properties provides market expertise for ground-up development, redevelopment and acquisitions of value-add and stable investments. The company invests in and develops office, industrial, retail, mixed-use and senior housing properties. United Properties is owned by the Pohlad Companies and is headquartered in Minneapolis, with offices in Denver and Austin, Texas.
