The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
May 27, 2024
 Search RENTV
 The REview
News Home Page
Southern California
Northern California
Pacific Northwest
Prop. Management
Press Releases
 R. E. Marketplace
Service Providers
Property Spotlight
 RENTV  Conferences
Subscriber Login:
Forgot Password?

ETC... ETC...
Printer-friendly Version   Email an Associate
CordenPharma Leases 61k sf Life Sciences Property in Boulder, CO


CordenPharma has leased the entirety of a recently renovated life sciences property in Boulder, CO. The company will occupy 61.1k sf across both floors at 2300 55th St.

Photo: Virtuance
Photo: Virtuance
2300 55th Street was built out for advanced technology needs with tech-enabled meeting rooms, high-end office space and modern laboratory space. CordenPharma will use the facility for client meetings and for engineering and research and development operations. The lease is an expansion of CordenPharma’s operations in the area. The company has other facilities nearby on 55th Street and Sterling Drive.

Blake Harris with CBRE represented the building’s landlord, TriTower Financial Group. TriTower acquired the property in the spring of 2021 and began marketing it for life sciences and advanced technology use.

“This is an example of a landlord identifying a need in the market for flexible office and lab space and targeting life sciences and advanced technology companies,” said Harris, first vice president with CBRE, specializing in institutional landlord representation for office, technology, and life sciences buildings along US-36 and Boulder.

Erik Abrahamson, Harris’ partner and senior vice president with CBRE’s Life Sciences practice in Boulder, added, “Lab vacancy in Boulder has hovered near zero in recent years, making it hard for life sciences companies to find space. Fortunately, developers launched a series of both new construction and conversion projects in the past two years that are helping to balance the supply and demand imbalance and giving tenants more options.”

Vacancy among lab and good manufacturing practice (GMP) space in Boulder reached 4.2% at the end of the first quarter of 2023, up from just 0.5% a year earlier, according to CBRE research. There were 21 companies looking for a cumulative 800k sf of lab and GMP space across the greater metro Denver region, as of the end of Q1.

Return to the Archive page



Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2024 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media