Flywheel acquires fully leased 127,000 sf Lakewood Office asset
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LAKEWOOD, Colo., March 15, 2021 /PRNewswire/ Flywheel Capital has successfully acquired 14023 & 14033 Denver West Parkway, a 127,000-sf office asset in Lakewood, Colorado that is fully leased to a company specializing in home services.
Flywheel acquires fully leased 127,000 sf Lakewood, CO Office asset
John Fefley, Senior Director with Flywheel, stated the investment offered an in-place, long term lease with a credit worthy, brand name tenant, providing an attractive long-term yield for our Latin America based partner. This is the joint venture s second transaction within Metro Denver in the past six months and they continue to be excited about growing the relationship in Denver and the Front Range as they view it as an attractive growth market. Fefley went on to say, Denver West has historically been viewed as a steady submarket within Metro Denver
Flywheel acquires fully leased 127,000 sf Lakewood Office asset
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The contract award amount for the new 10-year lease is $46,056,160.50.
The GSA is the independent agency of the federal government that manages government buildings and real estate, provides product and service procurement support, and develops policies and regulations. Its nearest major campus is at the Denver Federal Center in Lakewood.
The 164,582-square-foot, 26-acre Cheyenne Business Campus, at 1110 Bayfield Drive, overlooks Quail Lake and is a couple of minutes from Fort Carson and NORAD.
GSA will occupy 124,915 square feet of the campus.
Purpose-built in 1981 for microprocessor manufacturer Inmos, Cheyenne Business Campus was previously occupied by Honeywell and KBR.
In June 2016, Honeywell lost the contract to consolidate work on the Air Forceâs main satellite control network, potentially worth $445 million. Even before the contract went to CACI International, Honeywell notified the Colorado Department of Labor and Employment that it would lay off 232 workers in
Bustang Outrider, a rural bus network run by the Colorado Department of Transportation, started operating a route from Craig to Denver on Jan. 1. The new route allows passengers to make a round trip to Denver in one day.
STEAMBOAT SPRINGS Continuing its push to expand the state’s rural regional busing network, the Colorado Department of Transportation added a new route at the beginning of the year between Craig and Denver, operating each way daily.
The route is part of the department’s Bustang Outrider program, which is aimed at providing regional transportation for things like medical appointments, education and shopping.
Craig residents will have a new way of connecting with Denver and the Front Range starting Jan. 1, 2021.
The Colorado Department of Transportation, in partnership with Greyhound, will begin providing service between Craig and Denver on Jan. 1, 2021, according to CDOT Division of Transit and Rail Director David Krutsinger.
In addition to Craig, regularly scheduled stops include Hayden, Steamboat Springs, Kremmling, Hot Sulphur Springs, Granby, Tabernash, Fraser, Winter Park, Idaho Springs, the Denver Federal Center and Denver’s Union Station, CDOT said in a press release Wednesday.
“The route will be transitioning to Bustang Outrider sometime early in 2021,” said Krutsinger. “And because we wanted to get this line up and running and serving northwestern Colorado as soon as possible, we decided it’s best to partner with Greyhound Lines in the interim while we continue making our final preparations to implement our latest Outrider route.”
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