Colorado-Real-Estate-Journal_346086

Reborn The Hotel Born transitions into Limelight’s first urban property INSIDE Connecting EverWest pays $39.6 million for Central Connection 10 22 FEATURED Making history An apartment community sells for the first time in 40 years 14 CONTENTS JUNE 7-20, 2023 Office 6 Industrial 10 Multifamily 14 Retail 20 Finance 25 Law & Accounting 30 CDE News 38 Who's News 50 Boulder bound Developers team up on 216,000- square-foot R&D campus 6 by Avalon Jacka DENVER – A leading inno- vator of creative interior solu- tions has found a new home at Market Station. Continuum Partners LLC and Clarion Partners LLC wel- comed Workplace Resource to the mixed-use development as an office and retail tenant. Workplace Resource will lease nearly 16,000 square feet of office space on the second level and just under 3,000 sf in Mar- ket Station’s Basecamp retail center for a showroom featur- ing MillerKnoll products. Mar- ket Station is located at 16th and Market Streets. “We’re super excited Work- force Resource has come in,” said Peter Fair, principal at Continuum Partners. “It’s been a tremendous compa- ny for over 30 years in the Denver area and one of the foremost woman-owned com- panies in all of Colorado. It’s spectacular to have this group in our project, not only as an office tenant but then to have a 3,000-square-foot retail store from them on Market Street.” Workplace Resource was represented by Matt Gau- treau, and Continuum Part- ners was represented by Todd Wheeler and Mike Coppola, all of Cushman & Wakefield. The lease is set for 10 years with one year of free rent. Workplace Resource will uti- lize its office space for a multi- purpose engagement space. Its retail showroom, anticipated to open in first-quarter 2024, is located adjacent to Water Grill. Workplace Resource plans to keep its existing Denver loca- tion in the Central Park neigh- borhood, and its location in Market Station adds Workplace Resource by Avalon Jacka LAFAYETTE – Anew indoor park is set to break the record for the world’s largest indoor inflatable theme park. Bounce Empire, located at 1380 S. Public Road, is expect- ed to open early this month. At 50,000 square feet, Bounce Empire is five times the size of the previous record-holding bounce house. Bounce Empire also boasts the world’s lon- gest indoor inflatable obstacle course, measuring 280 feet. Owner and founder James Hay-Arthur bought the building that houses Bounce Empire during the pandem- ic. The building, originally planned for warehouse space, had sat vacant for some time. While the space had the clear- ance height the park needed, Hay-Arthur was also drawn to the building’s exterior aes- thetic appearance and central location. He has since spent roughly $16 million develop- ing his concept and design into the inflatable park it is today. The plans for Bounce Empire have shifted since Hay-Arthur started the project; he original- ly wanted it to be a model that could easily be duplicated in multiple locations. However, when he realized the full value of his concept, he decided to make a unique high-end desti- nation location instead. How- ever, the original mission of the park remains the same: to provide an entertainment option for family night out where adults can be engaged with the space as much as the kids. “Knowing full well the World’s largest inflatable theme park opens David Lauer Workplace Resource added a third office location with its lease at Market Station. Please see Workplace, Page 24 Bounce Empire’s property features multiple bars, a 21-plus lounge, movie theaters, a concert stage and a fine dining restaurant. Please see Bounce, Page 24 James Hay-Arthur, pictured, designed the 50,000-square- foot inflatable destination.