Despite the gloomy economic climate, a Lakewood developer closed last week on a $5.59 million loan to build a four-building office park in Golden.
Jefferson Office Park, being developed by Spectra Colorado, will include four three-story speculative buildings totaling 125,000 square feet of office and retail space near C-470 and West Sixth Avenue, just north of the Jefferson County Courthouse.
“Despite the national issues, when it’s a good location, things still move forward,” said Lance Chayet, a partner in Spectra and managing broker of Hanover.
Ray Quintana, vice president of First National Bank, said there is still plenty of demand for office space in the Jefferson County market.
“They’ve had a lot of interested tenants,” Quintana said. “Our research shows that there is a need for more office space in that area. Denver is still pretty good for commercial real estate. It’s still relatively good compared to other parts of the country.”
Chayet and his partners bought the 7.1-acre site from Public Service Co. in 1999. They spent about $500,000 getting approval to build 225,000-square-foot twin towers. But the Sept. 11, 2001, terrorist attacks forced the firm to shelve the project.
Golden Builders is the general contractor on the project. Company principals Mark Bradley, Doug Forry, Mark Ogren and Gene Gieb ler also are Chayet’s partners in Spectra.
Margaret Jackson: 303-954-1473 or mjackson@denverpost.com
