St. John Properties will start $95M project
Colorado Real Estate Journal | Jenna Walters
BROOMFIELD – St. John Properties soon will be underway on a $95 million business park development in Broomfield after the City Council granted approval to initial construction.
This summer, St. John Properties will break ground on Simms Technology Park, a planned 600,000-square-foot business park near North Simms Street and West 112th Avenue. Upon completion, the project will encompass 14 buildings with office, flex, and research and development space, in addition to complementary retail amenities. The park is situated on an 81-acre site that St. John Properties acquired from Brocade Communications Systems LLC for $6.25 million in 2020.
Grading and infrastructure work is expected to begin this summer, followed by the groundbreaking of the project’s first phase of development. Phase 1 comprises three single-story office buildings totaling approximately 100,000 sf and two flex/R&D buildings totaling nearly 70,000 sf. Additionally, four pad sites available for sale or lease could include restaurant, convenience store/gas station or fast-food uses.
Additionally, two new public roads, deemed Doppler Drive and Brocade Parkway, will be constructed as part of the project’s initial phase. St. John Properties also will complete significant upgrades to West 112th Avenue, including the addition of sidewalks, lighting, supplemental landscaping and the expansion of the road by one additional lane.
Phase 1 of the project is expected to be completed in summer 2023.
According to Brandon Jenkins, St. John Properties’ regional partner for Colorado, Simms Technology Park is set to contribute to the booming population and economic growth of Broomfield.
“This strategically located acreage provides the opportunity to execute our long-term development strategy in a submarket of Colorado that contains every essential metric for sustained growth and economic vitality,” Jenkins said. “We appreciate the support of the Broomfield City Council to greenlight a business community that will be a long-term job generator, a home to businesses both small and large and a significant contributor to the local tax base.”