But in its recent 10-K filing with the Securities and Exchange Commission it admits it is trying to unload south of Colorado 128. The company has cuts its Colorado work force almost in half during the past year, and doesn't need the space.
At one point, Level 3 planned to build nearly 2 million sf in 10 buildings.
Although it represents the largest contiguous space available on the market along the northwest corridor, the real estate community yawned.
''It's been on the market for something like eight months,'' Scott Garel, a broker with the Frederick Ross Co. tells GlobeSt.com.
Chris Phenicie, a broker with Commercial Colorado, agrees.
''It's a non-event,'' Phenicie tells GlobeSt.com. ''They've had a big sign in front of the building for close to a year.''
Indeed, when commercial real estate experts discussed the northwest corridor, they would typically note as almost an aside that Level 3 had 340,000 sf on the market.
The class-A buildings are being marketed by Frank Kelly of CB Richard Ellis.
Real estate brokers say the buzz in the community is that the price is low enough that it may make sense for a developer to buy them and hold them until the market improves.
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