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Jones Realty To Manage 285,000-SF Gates HQ

DENVER-Headed by Doug Jones, Jones Realty Group lands the management contract for the Gates Co.'s 10-story world headquarters in the Central Platte Valley. Jones beats out two larger competitors: Legacy Partners and Trammell Crow Co.

By John Rebchook | Updated on March 02, 2006

DENVER-The Seattle-based Kennedy Associates, a pension fund adviser, recently hired locally based Jones Realty Group to manage the high-profile Gates Co.’s world headquarters at 1551 Wewatta St. in the Central Platte Valley. Jones Realty is a small operation in Downtown that is headed by Doug Jones. In addition to management, Jones also is involved with brokerage, investments and the sale of land and ranches.

The Gates headquarters is a 10-story building with about 285,000 sf. Jones calls it a “first-class,” building and one of only a few world headquarters based Downtown. Gates was founded in Denver at Broadway near what is now Interstate 25, but now is a subsidiary of London-based Tomkins plc. About 400 people work in the building.

Jones says that with the planned $1-billion redevelopmentof the Denver Union Station and surrounding land, the new EPA regional building under way, and a number of buildings on the drawing board in the area, it is important to have an advocate in place for both Kennedy and Gates. In the running for the management job were two much larger organizations: the existing manager of the building and its developer for Kennedy, Legacy Partners; and Trammell Crow Co. Greg Skinner of Kennedy says that all three of the finalists were extremely well-qualified. He declined to give specifics of why Jones was chosen.

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