The new retail center will serve as "the gateway" to the 950-acre Interlocken Advanced Technological Environment, the premier business park along the northwest corridor.

Tenants at Interlocken include Cirrus Logic, Pentax Technologies Corp., a 1-million-sf Sun Microsytems office campus and Level 3 Communication's corporate headquarters.

"Flatiron Marketplace, in conjunction with Westcor's regional mall development anchored by Nordstrom, Dillard's, Foley's, and Lord & Taylor, clearly establishes this interchange as the premier retail destination for central and northern Colorado," says Greg Mickelson, Koll partner and vice president in charge of the company's retail development activities.

CB Richard Ellis in Denver is responsible for the marketing, leasing and management of Flatiron Marketplace.

"An estimated 710,000 people reside in the trade area north of Interstate 70 with median incomes of more than $58,000 annually," says Dean Insalaco, director of CB Richard Ellis' Denver Retail Services. "The Flatiron developments represent the only upscale regional shopping available in this trade area. Retailers are attracted to this high-end marketplace where shoppers spend an aggregate of $4.78 billion annually, ranking second nationally in per capita spending on retail goods and services. With more than 90% of the project committed to various retailers, demand has already surpassed our expectations for the project."

In addition to Insalaco, members of the marketing and leasing team are retail specialists Steve Markey, Tom Mathews and David Moroney. The property manager is Nancy McCune. Koll's partner on the project is Prudential Real Estate Investors of Parsippany, NJ.

"Denver's successful track record of growth demonstrates the stability of the region's economy, which is attributable to a broad base of industries, a remarkable quality of life, a highly educated work force and the unique natural setting of the region," says Carter Ewing, vice president and senior partner of Koll's operations in Colorado and the surrounding Rocky Mountain region.

Flatiron Marketplace reflects Koll's continuing expansion and investment campaign in the Colorado region. Last year the company completed construction of the first phase of Koll Centennial Center, a 275,000-sf office/warehouse project in Arapahoe County. Additionally, the company completed construction, then leased and sold Koll Peoria Center, a 592,400-sf industrial distribution facility in Denver. The sale closed in January 2001 and was the highest price paid in the city for an institutional grade industrial project in eight years.

In addition, the company recently teamed up with Colorado-based Land Securities Investors LLC, to jointly develop the 100-acre Jefferson Corporate Center, a multiple-phased, multi-story speculative office project in Jefferson County, along with a 16-acre neighborhood retail center currently under development in Littleton.

"Collectively, these Colorado-based projects bring Koll's investment level to nearly $300 million in the last three years alone," says Ewing.

Koll, based in Newport Beach, CA, has a 70 million-sf portfolio of offices, industrial parks, retail and entertainment centers. Its current development activity includes 60 commercial projects of more than 12 million sf and $1 billion on construction costs.