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Grubb & Ellis to manage Parker commercial development

Wed, Oct 5, 2011

News

Grubb & Ellis announced this week that it will market 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 for MPV Compark Management.

The business park is home to 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.

“Compark Business Campus offers high visibility within a growing corridor and is well-located near regional transportation services and along a major thoroughfare,” said Craig Paton, vice president of Investment Services, part of the marketing plan. “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, including roughly 1 million square feet of retail, flex and office space, as well as two residential projects. The campus is currently home to Rocky Vista University College of Osteopathic Medicine, American Furniture Warehouse, Baxa Corp., Laboratory Corp. of America Holdings and Quantum Corp. The remaining 190 acres of land of the campus is currently zoned to be open space.

“We believe the park has matured and is now in a very strategic location within the growing corridor between Interstate 25 and Parker Road on the 470 Tollway,” MPV Compark Management manager Mike Vickers said in a statement. “The opportunities are endless and we look forward to witnessing the business park and corridor’s expansion.”

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