Colorado-Real-Estate-Journal_348190

Groundbreaking Keystone and Jensen LaPlante start work on The Granary INSIDE All electric Lightship leases electric RV manufacturing facility 12 14 FEATURED Sold out Schuman Cos. acquires last portion of Loveland Outlets site 18 CONTENTS JUNE 21-JULY 4, 2023 Office 6 Industrial 10 Multifamily 14 Retail 18 Finance 26 Law & Accounting 30 CDE News 40 Who's News 50 A bigger office Denver City Council approves DA’s move down the street 6 by Avalon Jacka AURORA – Two industry- leading Colorado companies have partnered to deliver a high-security office building to support the growing needs of Colorado’s intelligence com- munity. Intelligence software com- pany DeNovo Solutions LLC and real estate developer Koel- bel & Co. announced Inno- vus, a state-of-the-art secure and amenitized community office experience, on June 6. Koelbel plans to break ground on Innovus at the corner of East Sixth Avenue and North Valdai Street in late 2024. The 200,000-square-foot, four- story building is anticipated for delivery in mid-2025 and is expected to cost more than $100 million. The high-level security facil- ity is intended specifically for tenants within the defense industry, like Department of Defense contractors, and aero- space and cybersecurity com- panies. “For many businesses doing defense work, finding a secure facility can be a major barrier to entry,” Danny Moore, pres- ident and founder of DeNo- vo Solutions, said in a state- ment. “During the pandemic, we saw tremendous growth potential in the Department of Defense industry, and real- ized there was a need in the industry for the next evolution of workspace.” Located near Buckley Space Force Base, the site is part of Plan West’s mixed-use devel- opment, Aurora One. Koelbel and DeNovo chose Aurora as the first location for the Inno- vus concept due to the high number of defense contractors in the area. The facility is a first of its kind, according to a press release, offering a purpose- built secured facility that han- Aurora secure office space announced by Avalon Jacka COLORADO SPRINGS – A leading manufacturer of semi- conductors broke ground on a $600 million state-of-the-art manufacturing center of excel- lence. Multiple community leaders attended the groundbreaking of Entegris Inc.’s new facility located at 301 S. Rockrimmon Blvd., including Colorado Springs Chamber of Com- merce and Economic Devel- opment Corp. President and CEO Johnna Reeder Kley- meyer; Norwood Develop- ment Group CEO Chris Jen- kins; El Paso County Com- missioner Cami Bremer; and Colorado Springs Mayor Yemi Mobolade. “We are pleased to have found an innovative and com- petitive home in Colorado Springs, and we look forward to building on our 30-year history in the region while enhancing our leadership position in the semiconductor ecosystem,” Entegris President and CEO Bertrand Loy said at the groundbreaking. Entegris will develop critical components for semiconduc- tor manufacturing at the facil- ity, which is targeted to begin commercial operation in early 2025. The campus will be built in phases, beginning with a 100,000-square-foot facility that will support production for Entegris’ Microcontamina- tion Control and Advanced Materials Handling divisions. Once complete, Entegris will increase its production capa- bilities for its most advanced filtration and purification products as well as wafer carriers, also known as front- opening-unified pods. Entegris expects to add approximately 600 new jobs in Colorado Springs over the next several years. Bill Shaner, president of the Advanced Materials Handling divisions, said the new plant, supported by state and local incentives, doubles the company’s pres- ence in Colorado and further expands its manufacturing presence in the U.S. “Our administration has worked to expand Colorado’s technology and advanced manufacturing industries and to create an economy where we foster innovation,” Gov. Jared Polis said in a state- ment on Entegris’ website. “We are thrilled Entegris has chosen Colorado Springs for their expansion … Colorado Springs is a great place to live, work and do business, and our state is excited to welcome companies that share our val- ues of community and work- Semiconductor facility breaks ground Innovus will provide services to tenants to allow them to focus on their work rather than accredi- tation issues. Entegris’ new facility is expected to bring more than 600 jobs to the Colorado Springs area in the next several years. Please see Innovus Page 24 Please see Entegris, Page 24