Colorado-Real-Estate-Journal_365469

Page 6 - October 4-17, 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 BDO Denver 303 E. 17th Avenue, Suite 600 Denver, CO 80203 303-830-1120 Accountants and Advisors www.bdo.com © 2021 BDO USA, LLP. All rights reserved. What’s Next? Business resilience is being tested daily. At BDO, our team of experienced professionals provides the knowledge and proactive guidance necessary to overcome the evolving challenges construction facing companies of every size. From ever-changing tax and reporting regulations, unstable surety and banking markets, to labor issues and unrelenting competition, we’re here to help the clients we serve, wherever they do business. www.bdo.com/construction by Avalon Jacka LITTLETON – A dermatol- ogy practice purchased a medical office building near C-470 for $6.1 million. Superior Dermatology acquired Broadway Commons, located at 8089 S. Lincoln St., from MVP 8089 Lincoln Building LLC in September. The three-floor building, which previously sold for $3.84 million in 2020, was con- structed in 1983 and renovated in 2015, according to Arapahoe County public records. David Marulli and Nick Beach of Trevey Commercial Real Estate represented the buyer, and Phil Yeddis of Unique Proper- ties Inc./TCN Worldwide repre- sented the seller. Trevey Commercial also retained the leasing assignment for the 25,802-square-foot asset, which is currently 91% leased. The building has two move-in- ready suites available. Superior Dermatology will open its second practice in the Class B building, occupying the entirety of the third floor. The top floor will be renovated and converted from office to medical use for the practice. Superior Der- matology, which also operates a practice in a building it owns in Parker, plans to keep the Lincoln building a multitenant property for the time being. Situated just blocks from the Broadway exit off C-470, the property affords high visibility to 37,675 vehicles per day from Broadway and easy access to resi- dents in Highlands Ranch, South- glenn and other south Denver suburbs. The property features 24-hour building access and 96 surface parking spaces. The sur- rounding area offers numerous retail and dining options. s Superior Dermatology buys Broadway Commons building by Avalon Jacka DENVER – A carbon capture and storage service provider has signed a lease for space in a Class A office tower. Vault 44.01 will occupy 8,000 square feet at 1125 17th St. as the company expands its opera- tions in the growing Denver mar- ket. Shayda Shah-Hosseini and Janessa Biller of JLL represented Vault 44.01, and Sarajane Good- fellow, Chris Phenicie and Alli- son Berry of CBRE represented the landlord and owner, Hines. “Vault 44.01’s foresight, coupled with Denver’s dynamic energy growth, has made this move a natural success, underscoring the city’s pivotal contribution to shaping the future of sustainable energy,” Shah-Hosseini said. Hines is currently executing extensive renovations, including a complete overhaul of the lobby, a tenant lounge, state-of-the-art conference facilities, outdoor spaces, and a spec suite program, among other enhancements. Rand Construction is serving as general contractor on the renova- tions, and IA Interior Architects is serving as the architect. Reno- vations are expected to be com- pleted in first-quarter 2024. “In light of our remarkable growth, securing additional space to accommodate our expanding team became a priority,” said Rob Sadler, chief commercial officer at Vault 44.01. “Denver emerged as the optimal choice due to its favorable business climate and its wealth of talented professionals in the region.” The 494,689-sf tower is situated at the corner of 17th Street and Lawrence Street in the midtown west segment of the central busi- JLL, CBRE broker lease between Vault 44.01 and Hines Broadway Commons was 91% leased at the time of purchase. CBRE Vault 44.01 will occupy 8,000 square feet in the newly renovated 1125 17th St. Please see Vault, Page 43