Real Estate & Construction  December 11, 2018

Colorado Tech Center plot purchased, will be developed

LOUISVILLE — One of the few remaining large, undeveloped parcels within Louisville’s Colorado Technology Center has been purchased by Freeman Capital Management, which intends to develop the site.

Plans for the 6.8-acre property, which was bought for $1.25 million, call for construction of a roughly 82,000-square-foot flexible-use building to be designed by RVP Architecture, Freeman Capital’s Andrew Freeman said.

Freeman Capital Management plans to build a roughly 82,000-square-foot building on one of the last undeveloped plots within Louisville’s Colorado Technology Center. Courtesy Freeman Capital Management.

The building, which could be leased or sold, is in the planning stages. Plans will be submitted to Louisville for review in the next four to six months, and the building is expected to complete in 2020.

“Colorado Tech Center has had  an extreme amount of development activity over the last few years,” Freeman, who has been active in developing the park since the 1990s, said.

The recently purchased parcel is “one of the last available sites at the park, and it is in an ideal location.”

The site is near the entrance of the park and fronts Colorado Highway 42, which gives Freeman some more options for future tenants.

One option, he said, is to lease space to tenants in industries such as aerospace, outdoor-recreation-equipment manufacturing and technology, all of which are heavily represented within the Colorado Tech Center.

But because the building will be built in an easily accessible, highly visible portion of the industrial park, Freeman said there is the possibility of turning the building into a large brewery or restaurant.

Regardless of who ultimately occupies the building, Freeman said he’s “definitely bullish” on the park.

Freeman Capital has developed two other buildings in the Colorado Tech Center: a 74,000-square-foot industrial building and a 31,000-square-foot flex property.

LOUISVILLE — One of the few remaining large, undeveloped parcels within Louisville’s Colorado Technology Center has been purchased by Freeman Capital Management, which intends to develop the site.

Plans for the 6.8-acre property, which was bought for $1.25 million, call for construction of a roughly 82,000-square-foot flexible-use building to be designed by RVP Architecture, Freeman Capital’s Andrew Freeman said.

Freeman Capital Management plans to build a roughly 82,000-square-foot building on one of the last undeveloped plots within Louisville’s Colorado Technology Center. Courtesy Freeman Capital Management.

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