Colorado-Real-Estate-Journal_363396

Page 6 - September 20-October 3, 2023 www.crej.com Office S T R O N G F O U N D A T I O N S Helping clients build and develop projects that shape skylines and create communities. C H R I S T O P H E R G U N L I K S O N Partner | 303.473.2729 555 17th Street | Suite 3200 | Denver, CO 80202 www.hollandhart.com To look forward and rise to the challenges ahead requires welcoming change with optimism. It’s how Moss Adams uplifts 1,650 real estate businesses to plan for, and go, where they want to be next. Discover how our industry-focused advisory solutions can help elevate your performance. MOSSADAMS.COM/UPWARD ACCOUNTING – CONSULTING – WEALTH MANAGEMENT U P WA R D Assurance, tax, and consulting offered through Moss Adams LLP. ISO/IEC 27001 services offered through Moss Adams Certifications LLC. Investment advisory offered through Moss Adams Wealth Advisors LLC. ©2023 Moss Adams LLP by Avalon Jacka DENVER – A public radio net- work has purchased a building in the Capitol Hill neighborhood for its future headquarters. Colorado Public Radio pur- chased the 72,000-square-foot building at 777 Grant St. from Littleton Capital Partners for $8.34 million. The property was 93% vacant at the time of sale. The transaction was a cash purchase with philanthropic funds desig- nated for capital investment. The property has room to expand CPR’s news operation and to consolidate all Denver- based operations, including CPR News, CPR Classical, Indie 102.3, Denverite, the Audio Innovation podcast studio, and all related activities. CPR is set to begin work on the design, phasing and fundraising to build out CPR’s studios, offices and auditorium in the six-story building, originally constructed for IBM in 1959 and renovated in 2020. The build-out is expected to take about three years. “Investing in the adaptive reuse of an existing building is a purposeful choice we’ve made to be cost-effective and minimize climate impact,” said Stewart Vanderwilt, president and CEO of CPR. “This location is also deliberate. We’re investing in the vibrancy of Colorado’s capital city and placing our headquar- ters where our news teams will have access to the seats of power, and more people will be able to enjoy destination experiences at our facility.” CBRE’s Patrick Devereaux, Tim Richey, James Brady and Campbell Davis represented LCP, which will initially man- age the property for CPR, in the transaction. Victor Frandsen, Sean Whitney and Clay Jones of Newmark represented CPR. A facilities task force of CPR’s board of directors guided the identifica- tion and purchase of the build- ing, and OZ Architecture, Marx/ Okubo Associates Inc. and Lou- ise Staab of Robinson, Waters & O’Dorisio PC advised CPR in this transaction. “The Newmark team played an instrumental role in identify- ing and securing this property," Vanderwilt said. "Their com- mitment and knowledge of the Denver market helped make this acquisition possible, and we are grateful for their partnership.” s CPR purchases Capitol Hill building for new headquarters by Avalon Jacka ENGLEWOOD – The Denver metro area’s newest coworking space has opened along South Broadway. Broadway Collective, owned by Ann and Derek Marlin, marked the opening with a rib- bon-cutting ceremony in August after welcoming its first cowork- ing tenants this summer. Aportion of the building is occu- pied by Elevation, a boutique real estate investment company run by the Marlins. The firm’s growth drove the Marlins to find a build- ing that Elevation could continue to grow into with the intention of also being able to rent out space to other small businesses or “solo- preneurs.” “We're huge champions of small businesses,” Ann Marlin said. “We want to be a great opportunity to bring together like-minded, for- ward-thinking businesses and cre- ate an environment where we can succeed together as a group.” The Marlins originally pur- chased the 6,880-square-foot build- ing in January 2022 from 4045 LLC New creative coworking space Broadway Collective opens CPR News The build-out of CPR’s new headquarters at 777 Grant St. will take approximately three years. Please see Broadway, Page 47 The coworking space includes 24 private offices, a 14-person conference room, an eight-person conference room/podcast studio, four soundproof phone booths, six dedicated desks and two full kitchens. Ann and Derek Marlin