DENVER, CO (Oct. 3, 2011) – Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, today announced that MPV Compark Management LLC selected the company to market for sale 148 acres of land within Compark Business Campus (top left photo), a 480-acre mixed-use development located at the intersection of the East 470 Tollway and Chambers Road in the Town of Parker.
Tom Wanberg and Steve Rahe, senior vice presidents, Investment Services, and members of the company’s Multi Housing Group, will market the land in conjunction with Mike Wafer, SIOR, senior vice president, Industrial Group, and member of the company’s Industrial Client Advisory Team and Global Logistics practice group, Craig Paton, vice president, Investment Services, and John Gustafson, senior associate, Office Group, and member of the company’s Healthcare Properties practice group.
“Compark Business Campus offers high visibility within a growing corridor and is well-located near regional transportation services and along a major thoroughfare,” said Paton, who has more than 27 years of experience in land sales. “Developers, owner-users and investors have the opportunity to acquire land zoned for nearly every use within a well-located, master-planned business campus.”
Located at the north end of Compark Business Campus, the land is split up into parcels zoned for office, medical office, industrial, flex, retail and multi housing use.
Since construction began at Compark Business Campus in 2001, approximately 160 acres of property sites have been completed that includes roughly 1 million square feet of retail, flex and office space, as well as two residential projects.
The campus is currently home to Rocky Vista University College of Osteopathic Medicine, American Furniture Warehouse, Baxa Corporation, Laboratory Corporation of America Holdings, dba as LabCorp, and Quantum Corporation.
The remaining 190 acres of land of the campus is currently zoned to be open space.
“We believe the park has matured and is now in a very strategic location within the growing corridor between Interstate 25 and Parker Road on the 470 Tollway,” said Mike Vickers, manager, MPV Compark Management LLC. “The opportunities are endless and we look forward to witnessing the business park and corridor’s expansion.”
Compark Business Campus is easily accessible via Interstate 25 and Denver’s Regional Transportation District light rail. It is situated within a few miles of Sky Ridge Hospital (middle left photo), Parker Adventist Hospital and Centennial Medical Plaza.
The property is also near Cherry Creek Regional Trail as well as a number of local schools within Douglas County and is adjacent to Arapahoe County Airport and approximately 30 miles from Denver International Airport.
Contact: Julia McCartney, Phone: 714.975.2230
1 comment:
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