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) ā€“ CBRE Group, Inc., and United Properties announced today that healthcare automation company Swisslog is the first tenant to join United Propertiesā€™ 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 Propertiesā€™ 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.

ā€œInvesting 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,ā€ Kelley said. ā€œIn Denverā€™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.ā€

ā€œInterpark 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 environmentā€”and all strategically located on US-36 midway between two of the nationā€™s top labor pools in Boulder and Denver,ā€ said Jeremy Kroner, vice president with CBRE Advisory & Transaction Services. Kroner is leasing the Interpark space along with CBREā€™s Frank Kelley and Erik Abrahamson.

Swisslog CEO Stephan Sonderegger agreed, noting ā€œOur 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.ā€

Interparkā€™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. JLLā€™s Jason White, Billy Byrne and Mitch Zatz represented Swisslog in the lease.

The remaining space at Interparkā€™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 Interparkā€™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 Propertiesā€™ 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 Denverā€™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 Interparkā€™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 worldā€™s largest commercial real estate services and investment firm (based on 2016 revenue).Ā  The company has more than 75,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide.Ā  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.Ā  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 ā€“ 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.

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From our inception more than 100 years ago, supporting the communities where we live and work has always been part of our value system.

United Properties is proud to sponsor Allina Health Hospice Foundationā€™s Dragonfly Gala in support of hospice patients and their families in our community. Recently, Ron Bagnall, Executive Director of Allina Health Hospice Foundation, thanked United Properties and Sr. Vice President Keith Ulstad for our support.

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.

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Ā Kenwood Village, Duluth News Tribune

March 24, 2017

By Brooks Johnson

Officials cut the ribbon on Kenwood Village at Arrowhead Road and Kenwood Avenue on Friday afternoon, with a few dozen neighbors and others touring the freshly finished complex.*

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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.

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Star Tribune

March 2, 2017

By Nicole Norfleet

United Properties, one of the largest developers in the Twin Cities, is taking a stake in the just-sold Macyā€™s complex in downtown Minneapolis and also taking the lead in redeveloping the site.

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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.

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Ā Fox21 TV

March 24, 2017

By Greg Chandler

Another in a series of mixed use developments in Duluth is open for business. United Properties celebrated the opening of Kenwood Village with a ribbon cutting Friday afternoon.

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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.

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Colorado Real Estate Journal

March 17, 2017

By Jill Jamieson-Nichols

Swisslog Healthcare Solutions is preparing to move its North American headquarters from Denver to Broomfield. The company reportedly is working with United Properties to develop an approximately 56,000-square-foot building at Interpark, located at West 112th Avenue and Main Street.

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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.

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Denver Business Journal

March 3, 2017

By Molly Armbrister

With record-low vacancies driving up rents, developers are eager to put up new industrial complexes. But they face soaring land and construction prices.

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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.

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United Properties, together with its project partner Nationwide Housing, hosted a ribbon cutting ceremony and open house at Kenwood Village, Duluthā€™s new mixed-use development. Kenwood Village is a community of apartments and retail outlets, including Caribou Coffee, Einstein Bros. Bagels, a Duluth Teachers Credit Union branch and Crooked Pint Ale House. The ribbon cutting was attended by a small gathering, including Duluth Mayor Emily Larsen. At Open House time, approximately 26% of the apartments have been leased. Several residents have already moved into their new apartments.

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.

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In the heart of Minneapolis, roots donā€™t grow much deeper than those found at 700 Nicollet Mall, the location of the recently closed (and long-cherished) Macyā€™s department store. United Properties clearly demonstrated our commitment to creating deep roots as we announced our role for the buildingā€™s redevelopment in early March.

United Properties was selected by New York-based 601W Companies, the national developer who recently purchased the Macyā€™s building as its first Twin Cities acquisition. In this role, we will invest in the project, while providing locally based development and repositioning to the ownership group. Other partners involved in the repositioning of the Macyā€™s building include Chicago-based The Telos Group as redevelopment consultant and office marketing lead, Gensler as the lead architect, and Transwestern as management agent. Additional local partners are expected to be announced in the coming weeks.

ā€œWe are very pleased to be working on this important mixed-use development in downtown Minneapolis,ā€ said Bill Katter, president and chief investment officer. ā€œTogether, this highly-qualified, veteran partnership will ensure the redevelopment not only serves, but also enhances the downtown community.ā€

The significance of this propertyā€™s redevelopment is certainly an important one for downtown Minneapolis. The team is looking forward to having a birdā€™s eye view from our new offices at 651 Nicollet Mall as renovation of the building takes place.

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.

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In the fall of 2016, we honored former CEO Boyd Stofer with the installation of a spectacular sculpture at Centennial Lakes, Stoferā€™s signature development. The 6ā€™ glass sculpture overlooks the lake in one of the Parkā€™s five office buildings. The sculpture was designed to physically demonstrate Boydā€™s skillful vision and leadership for Centennial Lakes. The six glass panels are meant to convey images of an award-winning office park development rising from a humble property used as a gravel pit for many years. A small group, including Boydā€™s family, gathered at the sculpture to dedicate it in his honor. Creation of the sculpture was a journey of the heart for the United Properties team as we worked to honor our former leader in a meaningful way. We know that Boyd would be both humbled and pleased if he were here today to see the sculpture created in his memory.

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.

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