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AURORA, CO-Giant defense contractor Raytheon Co. is moving much of its Denver-area operations into a new 175,000-sf, $25-million office campus in the CentreTech Business Park in Aurora. When the Denver office of Panattoni Development completes the project in August, about 1,800 people will be moving there.

The buildings feature redundant electricity and is highly secure, says Panattoni partner Tom Mercer, who opened the Denver office two years ago.

The campus includes a three-story, 105,000-sf office building and a 70,00-sf research and development facility, as well as 875 surface parking spaces.

The campus also includes a 25,000-square-foot athletic facility and a cafeteria.

Since opening the office, Panattoni has completed, or is about to start construction, on a total of 805,000 sf worth $100 million in Colorado.

”We started with little more than a fax machine and one piece of dirt two years ago to 805,000 sf,” Mercer says.

Although the Denver-area market has recently softened, Mercer expects to more than double Panattoni’s portfolio to $250 million in the next three years.

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