NEWS
COLORADO
feet of commercial space across four business communities in Colorado since first opening its Colorado regional office in 1987. “Simms Technology Park is perfectly designed and positioned to address the emerging real estate needs of a wide range of companies exploring the suburban Denver area,” stated Brandon Jenkins, St. John Properties’ regional partner for Colorado. We’re extremely grateful for the partnership and support from Broomfield City and county officials who have recognized that Simms Technology Park will become a significant job generator, a place for businesses to grow and prosper, and a long-term contributor to the local tax base.” The final development plan is expected to consist of 14 buildings, four pad sites ranging from 1.5 acres to 2 acres that can support numerous uses including restaurants, convenience stores/gas stations, and fast food. For more information on Simms Technology Park, visit: sjpi.com/simms Wake Forest Exchange is situated near Star Road and South Main Street (New Falls of Neuse Road) in Wake Forest and features roadside visibility from Capital Boulevard (US Route 1). The full development plan calls for St. John Properties to speculatively develop six buildings, including three of the company’s signature flex/R&D buildings, a single-story commercial office building and two inline retail buildings. Phase I plans include development of two flex/ R&D buildings consisting of approximately 95,000 square feet, a 25,000 square foot office building, and a 10,000 square foot retail building for a total of 130,000 square feet.
Construction Begins at Simms Technology Park in Broomfield, Colorado
St. John Properties’ Colorado office has initiated construction at Simms Technology Park, an 81-acre mixed-use business community in Broomfield, Colorado. Upon completion, the project will support nearly 600,000 square feet of single-story and multi-story office and flex/R&D space, in addition to complementary retail amenities. A groundbreaking ceremony was held on the first phase of the project, which includes one
single-story office building comprising 41,000 square feet of space and two flex/R&D buildings combining for nearly 70,000 square feet of space. All three buildings, comprising just over 110,000 square feet of space, will be designed for LEED certification and are expected to deliver this summer.
In total St. John Properties currently owns and manages more than 1.5 million square
NORTH CAROLINA
30-Acre Site Acquired in Wake Forest, North Carolina
St. John Properties’ Raleigh office has acquired a 30-acre site in Wake Forest, North Carolina, with intentions to develop Wake Forest Exchange, a mixed-use business community composed of nearly 165,000 square feet of flex/R&D, single-story commercial office and retail space. The first
phase of development is slated to commence early this year. This represents the full- service and vertically integrated commercial real estate development and management company’s first land acquisition in the state of North Carolina since it opened a regional office in Raleigh in fall of 2022.
For more information on Wake Forest Exchange, visit: sjpi.com/ wakeforestexchange
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