BROOMFIELD, CO – Baltimore-based, St. John Properties Inc. hasacquired 81 acres of land in Broomfield, CO, with plans to developa 600,000-square-foot, mixed-use business park. The companyacquired the land from Brocade Communications Systems LLC.

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The full-service commercial real estate development andinvestment company plans to invest $95 million in the project.

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The mixed-use business community, designated Simms TechnologyPark, will consist of five single-story office buildings comprising150,000 square feet of space, two multi-story, class A officebuildings comprising 200,000 square feet of space, six flex/R&Dbuildings comprising 220,000 square feet of space, an8,000-square-foot retail building and four available pad sitessuitable for retail.

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The buildings, located at the intersection of N. Simms St. andW. 112th Ave., situated 20 miles Northwest of the Denvermetropolitan area, will be designed for LEED Certification by theUS Green Building Council.

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Construction on phase one of Simms Technology Park is slated tobegin in early 2021. St. John Properties will break ground on thesingle-story office and flex/R&D buildings first, with expecteddelivery of the first product in late 2021, before proceeding tosubsequent phases.

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With the project, the company aims to capitalize on BroomfieldCounty's rapidly growing population.

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"This strategically-positioned site provides the opportunity toexecute our long-term development strategy in a section of Coloradothat contains every essential metric for sustained growth andeconomic vitality," states Brandon Jenkins, St. John Properties'regional partner for Colorado. "The philosophy of St. JohnProperties is to remain ahead of the development curve andspeculatively build commercial real estate product that anticipatesthe future needs of our clients. We were attracted to the site'sproximity to the existing business communities of Interlocken andWestmoor Technology Park as well as easy access to Boulder andDenver markets along the US – 36 Northwest "creative corridor" ofthe Denver metropolitan area. Our research shows the continuingtrend among users of commercial office space in all productcategories to migrate to Denver's northwest suburbs for expansionand relocation."

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St. John Properties has developed and currently owns more thanone million square feet of space in Colorado, including the14-building, 600,000-square-foot, Corporate Center in Golden, CO;the 145,000-square-foot, Sixth Ave. Place in Golden, CO; and themore than 200,000-square-foot, Walnut Creek Business Park inWestminster, CO.

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Office Building RenderingsRenderings of Simms Technology Park in Broomfield, CO.

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Ingrid Tunberg

Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.