DENVER (June 10, 2011) – United Properties has been selected by the Colorado Association for Manufacturing and Technology (CAMT) as its development partner for the Aerospace and Clean Energy (ACE) Manufacturing and Innovation Park proposed for the former Agilent site in Loveland, Colo.
United Properties and CAMT are working to complete an agreement with the City of Loveland to purchase the property and will begin developing plans to recruit tenants. Pending completion of due diligence, the Loveland site will be the home of the ACE Manufacturing and Innovation Park.
“We are very pleased to have entered a development agreement with CAMT and believe this represents an exciting opportunity,” said Frank Dutke, president of United Properties.
In December, CAMT signed a five-year Space Act Agreement with NASA to develop technology acceleration programs and a framework for regional collaboration promoting innovation and job growth, known as the ACE Regional Innovation Cluster. As part of this initiative, CAMT is partnering with United Properties to develop the former Agilent facility into a multi-tenant campus that can house more than 70 companies with a focus on scale-up stage aerospace and clean energy manufacturing and technology companies.
“Aerospace and clean energy are key economic drivers for Colorado and sectors that we are working to expand. The ACE Tech Park in Loveland is a great example of how Colorado’s aerospace, innovation and technological expertise are converging to bring jobs and revenue to our state,” said Governor John Hickenlooper.
Currently, the Loveland campus is 167 acres with 811,000 sq. ft. of office space in four buildings. The initial project will include two 50,000 sq. ft. buildings to house shared services including testing, labs and other services needed to accelerate the process of developing and delivering new technologies to market.
About the Colorado Association for Manufacturing and Technology
The Colorado Association for Manufacturing and Technology (CAMT) is a statewide manufacturing assistance center dedicated to increasing the competitiveness of Colorado manufacturers. CAMT is a public/private partnership convening government, not-for-profit and industry resources to provide services and programs that make Colorado firms thrive. CAMT is the state affiliate of the national Manufacturing Extension Partnership, a program of the U.S. Dept of Commerce, providing unique access to federal and state programs. For more information, visit CAMT’s website at www.camt.com.
Media Contacts
Martha Nevanen
Vice President, Marketing Communications
952-893-7539
martha.nevanen@marquettere.com
Jessie Folkens
Sr. Communications Consultant
952-837-8516
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.
