DENVER-MPV Compark Management LLC is selling 148 acres of land within Compark Business Campus, a 480-acre mixed-use development located at the intersection of the East 470 Tollway and Chambers Road in the Town of Parker. Grubb & Ellis Co., which is marketing the land, tells GlobeSt.com that if sold as a whole, the asking price on the land is expected to be in the $40-million range.
Tom Wanberg and Steve Rahe, senior vice presidents of investment services, and members of the company’s multihousing group, will market the land in conjunction with Mike Wafer, senior vice president of the industrial group, and member of the company’s industrial client advisory team and global logistics practice group, Craig Paton, vice president of investment services, and John Gustafson, senior associate of office group, and member of the company’s healthcare properties practice group.
According to Paton, “Compark Business Campus offers high visibility within a growing corridor and is well-located near regional transportation services and along a major thoroughfare.” He adds that “Developers, owner-users and investors have the opportunity to acquire land zoned for nearly every use within a well-located, master-planned business campus.”
Since construction began at Compark Business Campus in 2001, approximately 160 acres of property sites have been completed that includes roughly 1 million square feet of retail, flex and office space, as well as two residential projects, according to a prepared statement. The campus is currently home to Rocky Vista University College of Osteopathic Medicine, American Furniture Warehouse, Baxa Corp., Laboratory Corp. of America Holdings, dba as LabCorp, and Quantum Corp. The remaining 190 acres of land of the campus is currently zoned to be open space.
Located at the north end of Compark Business Campus, the land is split up into parcels zoned for office, medical office, industrial, flex, retail and multi housing use. This includes: four parcels zoned for office or medical office use totaling 33 acres; seven parcels zoned for office, flex or medical office use totaling 40 acres; five parcels zoned for industrial use totaling 27 acres; approximately 21 acres zoned for retail use and two parcels zoned for multi housing use, including a 10-acre and 17-acre site.
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
