Colorado-Real-Estate-Journal_400263

Page 14 — Retail Properties Quarterly — May 2024 www.crej.com ENERGY EFFICIENCY Thornton Town Center 9901-10005 Grant Street Thornton, CO 1,600 SF – 68,645 SF retail space available For Lease. Anchor and Junior anchor spaces available for immediate occupancy. Monument signage available. Visibility from I-25. Join Home Depot, Walmart Supercenter, Sally Beauty, Sky Zone, Starbucks and other national retailers. Anthology Development NWQ Parker Road & Stroh Road Parker, CO Commercial pads available for SALE or LEASE! Mixed-Use zoning allows for a variety of uses. All off-site work, utilities, and public improvements complete. Pads ready for immediate development. High growth, high income suburban location anchored by King Soopers. Situated in the Lone Tree Entertainment District portion of Lone Tree, Colorado. Built in the year 2000 adjacent to a Regal Cinemas theater (vacant since 3/23), this property has enjoyed a great deal of success offering a variety of restaurant and entertainment options. Located in the southwest quadrant of Interstate 25 and C-470, Denver’s outer loop highway, the Lone Tree Entertainmentdistrict is highly visible and accessible to the residents that live in the South suburbs of metro Denver. The property sits just South of Park Meadows Mall one of Colorado’s top shopping destination at close to 1.6 million square feet with over 185 stores and anchors, Nordstrom, Macy’s, Dillard’s and JC Penney. Ikea, the furniture store giant anchors the northern limits of Lone Tree. The property could be purchased as an investment, owner/user investment or redevelopment opportunity. The adjacent vacant theatre is being considered for mixed-use redevelopment, including residential uses, and is currently under contract to a developer. The city of Lone Tree is proposing to place the Entertainment District into an urban renewal area which would provide incentives for improving existing properties or redeveloping those properties into different uses. 9535 Park Meadows Drive Lone Tree, CO 9633 Prominent Point Colorado Springs, CO 18,500 SF available For Sale. The space is currently built out as a restaurant and event center. Other approved uses include retail showrooms, medical of ce, brewery, winery and many others! Space is potentially divisible. 8 Outdoor Pickleball courts with removable bubble to allow for 365 days of play. York Street Yards NEC 38th Avenue & York Street Denver, CO Retail spaces available for Lease with restaurant infrastructure. Spaces range from 2,268 SF to 33,347 SF. Come join Skiptown, Beat The Bomb, Rivian, Elemental Bakery & Cafe, Stick & Feather, Cohesion Brewing, RAD Power Bikes, Craft Collective, River Bear American Meats, Adults & Crafts, and many more at York Street Yards. Allen Lampert David, Hicks & Lampert Brokerage is the premiere retail brokerage rm in the Rocky Mountain Region. 5750 DTC Parkway Suite 200 Greenwood Village, CO 80111 303.694.6082 www.dhlb.com Ken Himel & Shawn Peel For Lease Allen Lampert For Sale For Lease For Sale *AVAILABLE GrantSt 178,095CPD 20,253CPD For Lease Scott Hagan & Allen Lampert N Stroh Rd S Parker Rd ANTHOLOGY SOUTH 10.88 AC ANTHOLOGY NORTH 12.23 AC Philip Hicks & Robin Nicolson For Sale or Lease Ken Himel & Shawn Peel T he retail industry has seen monumental change in the past several years. There have been changes in how people shop and stakeholders’ fun- damental values. While sustainabil- ity has been a hot topic in construc- tion for years, it’s becoming more important for larger retail tenants and their customers. Additionally, regulations mandating energy effi- ciency for commercial buildings are stricter and more complex than they have ever been. Owners of existing retail assets may wonder how to address these challenges and meet the ever-shift- ing regulatory standards. The answer lies in collaboration with energy experts, engineers and contractors. Many building energy-efficiency requirements, such as Energize Denver, allow phased compliance over time. These professionals can provide guidance on how to plan the upgrade process. Government and utility provid- ers offer financial incentives like rebates to support these upgrades and building electrification. The C-PACE program in Colorado is one such initiative that can help finance these upgrades. Hiring the right con- sultants can help you understand the financial impacts and incentives available. Typically, two primary solutions are available to most commercial prop- erty owners: improving the building envelope and transitioning to all- electric building systems. Building envelope improvements One of the most cost-effective ways to improve a building’s energy performance is to enhance the build- ing envelope’s per- formance. Building envelope refers to the outer shell separating the indoor and outdoor environments, including walls, roof, windows, and doors. Upgrading the building envelope can improve energy efficiency, comfort and indoor air quality. Successful strategies can include: n Increasing roof insulation. Upgrading roof insulation can signifi- cantly improve a building’s energy efficiency. However, it requires care- ful planning since increased insula- tion increases the roof’s thickness. This may necessitate rooftop-mount- ed equipment and piping modifica- tions, making it challenging to ret- rofit existing buildings. Alternatively, insulation can be installed on the underside of the roof deck, saving reroofing costs. n Increasing wall insulation. Increasing wall insulation on the interior or exterior of existing walls can also benefit a building’s energy efficiency. However, older buildings may require new finishes, increas- ing the cost of installation. Newer air and vapor barriers can help reduce conditioned air leakage, improving building performance. Innovative products and technologies exist to reduce air leakage by pressurizing the space and deploying aerosols that fill small penetrations in the building envelope. n Updating fenestration systems. A building envelope system is only as strong as its weakest link, which is usually the building’s doors and windows, otherwise known as fenes- tration. Retail buildings constructed in the last 20 years likely already have thermally broken framing sys- tems with insulated glazing units. Upgrades beyond this can include utilizing triple-pane glazing units or even fiberglass framing. However, the marginal energy performance gains may not justify the costs for most building owners unless replacements are already in the plan. Transitioning to all-electric Electric vehicles have taken the automobile industry by storm. Elec- tric sustainability solutions are appli- cable in building construction and can help owners reach corporate and regulatory goals. Going all-elec- tric will increase power demands, but it will also increase overall efficiency. The upfront costs are high because these systems involve upgrades that require engineer- ing and managing long lead times with new electrical gear and equip- ment. However, a phased approach can maximize your return on the investment while deferring some of that cost over time. All-electric infrastructure opportunities can include: n Heating pumps. All-electric sys- tems in retail buildings will require the switch to heat pumps, which are more efficient because they move heat through refrigerant loops versus conventional systems that generate heat and push air. Heat pumps are effective in small spaces like homes, but the technology is new in larger commercial spaces. n Solar. Adding solar panels to a building can generate electric- Planning for energy efficiency in existing retail Mike Hockett Executive vice president of client and project development, W.E. O’Neil Construction Going all-electric will increase power demands, but it will also increase overall efficiency. The upfront costs are high because these systems involve upgrades that require engineering and managing long lead times with new electrical gear and equipment. Please see Hockett, Page 22