DENVER—Ballard Spahr advised the GatesCorporation on the recent sale of its historic 41-acreformer Gates Rubber plant site near Interstate 25and Broadway to Frontier Renewal. Thistransaction, which was highly complex due to environmentalsensitivities, is the latest one the firm handled for this parcelfor the Gates Corporation.

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Frontier Renewal is a brownfield redevelopmentcompany that purchases and redevelops environmentallychallenged real estate. It plans to complete remedial cleanup ofthe site near Interstate 25 and Broadway Street, one of Denver'sfew remaining infill parcels near downtown, and prepare it forfuture redevelopment.

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The attorneys from Ballard Spahr's Real Estate Group who workedon the transaction included Beverly J. Quail, Alicia B.Clark, and Kerry O'Neill. Ballard Spahralso handled the previous sale of this site and another parcel toCherokee Denver in 2001, which was reacquired by Gates fromCherokee Denver after its development did not go forward. The firmalso managed the sale of several other large parcels on the eastside of Broadway, including the site of Gates' former headquarters,and the lease in 2002 for their new corporate headquarters indowntown Denver.

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Ballard Spahr's Real Estate Department is continually named atop national practice, including being ranked in the highest tiernationally for real estate law by U.S. News & WorldReport this year. The attorneys in the firm's real estatedepartment advise leading clients across the nation in acquisition,financing, leasing, sale, and restructuring transactions.

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David Phillips

David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.