Lumen to sell Broomfield campus at auction

BROOMFIELD — Adjusting to the changing needs of its workforce, Lumen Technologies Inc. (NYSE: LUMN) plans to put its 55-acre corporate campus in Broomfield’s Interlocken business park up for auction next month.

According to a real estate listing on LoopNet, the Monroe, Louisiana-based telecommunications company’s four 26-year-old buildings and surrounding property at 1025 Eldorado Blvd. will be auctioned Feb. 24-26 with a starting price of $6.5 million.

The company formerly known as CenturyLink, which provides phone, internet and other telecommunications services, first announced that it was thinking of selling the campus in March 2023.

“Over the past few years, we’ve learned new ways to work, to interact with, and to serve our customers,” Mark Molzen, Lumen’s global issues director, said in an email to BizWest on Friday. “This process caused us to take a step back and look at the locations from which our employees work. After careful consideration, we decided to sell our Broomfield campus. All employees now work from home or from one of two different locations in downtown Denver.”

One of those locations, as listed on Lumen’s website, is at 931 14th St., a space Lumen took over in 2011 when it merged with Qwest.

Molzen said he did not have a current employee count for Lumen’s operations in Colorado. The company had largely vacated the campus nearly two years ago. As early as 2019 and 2020, when the company still operated as CenturyLink, its executives had said it was considering a strategic sale of its consumer business.

Jeff Romine, economist for the City and County of Broomfield, noted that Lumen “has been marketing that facility to investors for some time.

“Our Broomfield staff always talks to people who are willing to invest in or relocate to our community,” he said.

According to the LoopNet listing, the property includes 791,701 square feet of space in the four Class A buildings as well as two parking garages with more than 1,500 spaces and a 9.45-acre lot that has remained undeveloped.

According to the listing, the “property will be delivered nearly vacant with income from a data center lease through 2025, ideal for phased leasing or scaling,” and is “positioned within a strong tenant market, with nearby corporate hubs for Oracle, Honeywell, Partners Group and more.”

Denver-based Newmark Group Inc. (Nasdaq: NMRK) is managing the auction. Those interested in bidding can register on the LoopNet page.

A report of the impending auction was originally reported Friday by the Denver Business Journal.

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