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Aug 22 2015

Centennial InterPort

Client Need

The Client, SunBorne Companies, needed to complete setting-up the business park’s governing documents; needed a strategy to lease a new 60,000 square foot office building; and needed to market available land for long-term ground lease.

Assignment Highlights

Business Park Set-up

  • CentennialInterPortInteracted with prospective user clients, outside brokers, economic development officials, chambers of conference and media about available land sites/finished product.
  • Orchestrated the creation of marketing materials (brochures, site plans, building plans, mailing pieces).
  • Created Covenants Conditions & Restrictions (CC&R’s) and Design Guidelines for the business park.

Office Building Set-up

  • Marketing: selected listing broker; established deal points; created marketing materials (brochures, proposal template, common area factor); created features & benefits; authored press release (successfully placed in Denver Post during January, 2000); created lease-up strategy; conceived and organized broker luncheons;
  • Design: selected architectural space planner; created market common area factor; and selected building standards

Tenant Finish Materials

  • Construction: selected tenant finish contractor
  • Documentation: created lease document, work letter.
  • Management: selected property manager, created operating budget.

Development Planning

  • Met with prospective ground-up building users to conceptualize building size, land size, projects costs, lease rates and schedule.
  • Created project pro-formas including selection of design, materials based on market conditions.
  • Negotiated contractual documents with architect, contractor and civil engineer.
  • Formulated plan for placement of fiber optic network.

Results

Successfully completed the set-up described above.

Centennial, Colorado

Project Type: Business Park, Office Building

Year: 1999-2000

Size: 125-acre, 60,000 SF Bldg.

User Client Text

Development Advisors is a national commercial real estate development management organization leading Users and Investors through the rewarding process of developing commercial real estate. Our User clients hire us when they need to expand their current facility, add another facility location or relocate to a larger facility for lease or for purchase. If you would like to discuss your future project with us, please contact us at 303-534-3344 (x 103) or at info@developco.com.

Written by Scott McLean · Categorized: Projects

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