"We've been a long time believer in Colorado, and this point in time is no different," says Dan Rosenfield, a partner at RRI, which has been an investor in Colorado real estate since the early 1980s. "The Denver metro area has some of the country's most unique characteristics when it comes to commercial real estate, and that's why we're bullish on it as property owners. Quality of life, combined with the fact that the Denver metro area truly stands alone--head and shoulders above other cities in this region of the United States--makes it an incredibly strong attraction to companies who want to relocate. That's a key reason we originally invested in the Denver metro area 20 years ago, and why we're so positive about our efforts today."

RRI, which has owned the Longmont Technology Park since 1999, along with several other properties in the north metro, and northern Colorado areas, has lowered the rental rates to $3.95 per sf from $5.95 per sf, has installed new landscaping, parking and infrastructure upgrades; and has made numerous tenant improvements.

"Longmont Technology Park is poised for a reemergence of the technology market, and we've made upgrades that will make us very competitive in the marketplace," Rosenfield says.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.