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Lone Tree Offering Includes 4.4 Acres of Developable Land

Denver is one of the growth markets that residents and investors are seeking for its low cost of living and attractive lifestyle. Denver has posted population growth of more than 13 percent since 2010 and employment growth of more than 25 percent, according a recent JLL news release.

With that population growth in mind, the University of Colorado tapped JLL to market the sale of its CU South Denver facility, a 175,780-square-foot class-A mixed-use building in Lone Tree, CO. The 14.4-acre site has parking for 442 vehicles and includes an additional 4.4 acres of developable land.

“The fact that the site includes additional developable land also presents a compelling redevelopment play, providing options for a variety of buyer profiles,” says Lindsey Fahey, one of the brokers marketing the property.

The offering presents a unique adaptive reuse opportunity for the three-level facility and meeting venue with capacity for more than 1,000, a two-story atrium and foyer, outdoor space, 300-seat theater, commercial kitchen and multiple classrooms. Completed in two phases in 2002 and 2009, the facility could easily be adapted for a variety of uses including educational, religious, event space, office or a combination of uses.

Located at 10035 South Peoria St., the site is positioned approximately 18 miles south of downtown Denver. The property has visibility to more than 38,000 vehicles per day along Lincoln Avenue and regional accessibility because of its proximity to the crossroads of Interstate 25 and C-470. It is also near top employers at the Denver Tech Center, which boasts more than 11.7 million square feet of space, along with Meridian International Business Park.

In addition to Fahey, Patrick Bolick is on the JLL team representing the seller.

“As movement to the suburbs has accelerated, this offering presents a compelling opportunity to enter into the southeastern Denver suburban market, the largest market in the city and one of the top performing,” Bolick said. “In its current state, the site provides a unique environment to meet a user’s immediate requirements, boasting high-quality construction, excellent visibility and infrastructure consisting of a cafeteria, auditorium and high-volume multi-purpose space.”

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About Lisa Brown

Lisa Brown has decades of experience in corporate communications and marketing management with organizations including Coldwell Banker Residential, Grubb & Ellis, Marcus & Millichap, NAIOP, SIOR and ALM. In those positions, she worked in conjunction with chief executive officers and chief marketing officers to create corporate messaging, cohesive branding standards, strategic marketing plans and thought pieces. Brown is a frequent speaker at industry events and an editing adjunct professor for an online course. She has a master’s degree in mass communications from San Jose State University.

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