BROOMFIELD, COLO. — Lincoln Property Co. (LPC) and FCP, both privately held real estate investment companies, have unveiled plans for the Colorado Research Exchange (CoRE), a 450,000-square-foot life sciences campus in Broomfield. Construction is scheduled to begin this fall for completion in early 2024.
Located approximately midway between Denver and Boulder, CoRE will comprise four buildings, three of which will be four- to five-story tenant buildings ranging from approximately 110,000 to nearly 200,000 square feet. The fourth property, a shared amenity center for all tenants, will total 15,960 square feet and feature a fitness center, locker rooms, bike storage, tenant lounge with fireplace, outdoor terrace, conference/training facility and a food market.
Each tenant building boasts views of the Front Range section of the Rocky Mountains, while green space connects each of the properties. Development cost estimates were not disclosed.
The developers selected Broomfield due to its highly educated workforce and close proximity to two major metro areas. Current demand for life sciences space in this area has reached over 1.4 million square feet and continues to grow as companies focus on the market for its access to talent, capital and business-friendly environment, according to the developers.
The partnership expects CoRE to accommodate a variety of users in life sciences and technology. HKS Architects is designing the property to accommodate lab, research and development (R&D) and light-manufacturing tenants, while keeping it flexible enough to accommodate all types of office uses.
Floorplates will range from 25,000 square feet to 40,000 square feet with 14- to 18-foot ceiling heights, enhanced floor loading and structural designs that minimize vibration. Each building will have loading docks and will be designed to accommodate specialized HVAC systems and emergency back-up power.
“Our purpose-built campus will include tenant spaces designed specifically to accommodate lab/life sciences or tech uses,” says Scott Caldwell, senior vice president of LPC. “Companies won’t need to rehabilitate or convert old office or industrial space; these facilities will be on the cutting edge of critical environments for a broad range of uses.”
LPC will work with CBRE’s Chris Phenicie, Erik Abrahamson and Blake Harris on the marketing and leasing of the project.
— Jeff Shaw