Education building projects keep contractors, landlords in the black

Filed under: real estate column |

Star Academy has signed a 10-year lease at Printers Park Market Center.

The Classical Academy has begun construction at the Pikes Peak Community College Rampart Range Campus, 11995 Highway 83.
The District 20 school is the state’s largest “bricks and mortar” charter school.
The venture between TCA and PPCC allows the charter school to build a new kindergarten through grade 12 on state-owned land and to expand PPCC class offerings at the same time. The result will be considerable cost savings, said PPCC spokesman, George Sanchez.
“The new facility will allow us to provide a streamlined education from kindergarten through college,” he said.
The 81,000-square-foot facility will be built by Elder Construction on 9 acres, with plans to open during fall 2009.
The new building will house K-6 classrooms, a gym/cafeteria/commons area, middle and high school classrooms, and 10 classrooms exclusively for use by PPCC. In the shared areas of the building, TCA will hold classes during the day and PPCC will have the option to utilize additional space during evenings and weekends.

More educational facility news

Star Academy kicked off the school year in August with a 10-year lease on 31,000 square feet of new space at Printers Park Market Center, 2508 Airport Road.
The private K-12 academy was represented by broker Bill Perry of Weichert Commercial Affiliates. Mike Craddock of Craddock Columbine Realty represented the landlord.
Copestone Construction completed the interior finish.

Cottages under way

Construction of the $23 million Broadmoor Cottages, a 44-unit residential community overlooking the East Course 18th fairway is under way.
Completion is expected by May, said spokeswoman Ivy Canady. The cottages will bring the total guest spaces at the hotel to 744.
The community will include five eight-unit buildings and one four-unit building, with about 6,300 square feet per complex.
Oz Architecture was the project architect and Nunn Construction is the general contractor. Komada Construction is the general contractor. Tag Galyean and Johnson David Interiors will handle interior design.
Two clay tennis courts will be built near the cottage site, with completion scheduled for May.

Tech for Less expands

A home-grown technology equipment company is not only holding its own in the current economy, but is still growing.
Tech for Less has signed the lease on a 60,000-square-foot building at 5090 Centennial Blvd. owned by Centennial Realty Partners.
Mike Helwege of Bach Real Estate Partners represented both the tenant and the landlord.
The company, which sells discounted, returned or refurbished desktop computers, laptops and other electronics, owns a 91,000-square-foot headquarters building at 1610 W. Garden of the Gods Road.

Online publisher signs lease

In related news, Helwege and Steve Bach of Bach Real Estate Partners also represented the landlord, Palmer Lake Technology Center LLC, and the tenant, Done Deals Publishing, in the lease of 3,000 square feet of office space at 870 Commercial Lane in Palmer Lake.
Done Deals specializes in publishing and advertising via the Internet.
Becky Hurley covers real estate for the Colorado Springs Business Journal.