Northstar Commercial Partners has signed a long-term lease with Children’s Hospital of Colorado for space at 830 Potomac in Aurora, Colorado.
The American commercial real estate investment company said that the new agreement for 105,806ft² will fill the remaining vacant area of the building which will reach to 100% occupancy.
Northstar Commercial Partners founder and chairman Brian Watson said: “Having Children’s Hospital as a future tenant at this building is a perfect fit in just about every way.
“This building will allow Children’s Hospital the right office and medical space to meet their growing needs, while providing them with excellent signage and exposure on I-225 between Colfax and 6th Avenue, near the Fitzsimmons Medical Campus where Children’s Hospital already has a major presence.
“Northstar couldn’t be more eager for the opportunity to provide such space to Children’s Hospital, as they are one of the most trusted and quality champions of our community.”
The collaboration is likely to generate hundreds of jobs to the space, providing medical supplies and services, in addition to more than $27m in value.
Brokers Matt Smith of Vector Property Services and Gabe Uhrig of Northstar Commercial Partners, representing the ownership, and the tenant’s broker Bob Whittelsey of Colliers International were involved in finalising the lease.
Children’s Hospital of Colorado has more than 3,000 pediatric experts throughout its 16 Colorado locations.