DENVER, Colo, – July 15, 2008 – Lend Lease today announced a joint-venture agreement with Lauth®, one of the nation’s leading development and construction firms, for the development of a 60,000-square-foot build-to-suit commercial site at Horizon Uptown. The agreement is for a three-story building to be constructed on five acres in the northwest corner of the 500-acre development.
“Lauth brings a substantial amount of expertise and market knowledge to this partnership,” said Greg Ochis, project director for the Horizon Uptown development. “In addition, the company’s commitment to sustainability is aligned with our vision to bring the first truly sustainable mixed-used development to Aurora.”
Plans for the build-to-suit building include 20,000 square feet per floor. In addition, the project will be LEED Gold-certified at a minimum. Once the building is 30 percent pre-leased, Lauth will enter into a detailed design, permit and construction process.
“This will be a prime site for any company seeking a strategic location adjacent to two major highways and minutes from Denver International Airport and Buckley Air Force Base,” said David Lanzer, Vice President for Lauth. “Lauth is excited to partner with Lend Lease to develop this integral part of Horizon Uptown’s business community.”
This will mark the latest sustainable building developed by Lauth, the nation’s 13th largest commercial real estate developer according to Commercial Property News. Last week the company topped out Montecito Point, an 187,000-square-foot, LEED Registered building in Las Vegas. The company is also constructing NASCAR® Plaza, a 20-story world-class, LEED Registered office tower in downtown Charlotte, NC. Last year Lauth opened one of the largest green distribution facilities in the nation, a 525,000-square-foot, LEED Silver Certified building for REI in Bedford, PA.
Cushman & Wakefield of Colorado Inc. will be responsible for marketing the site to potential tenants. The building, located just off Interstate 70, will be highly visible from the highway.
Horizon Uptown recently received approval of its Framework Development Plan from the City of Aurora. Next up for the project will be the creation and approval of a contextual site plan, which will outline infrastructure and landscape improvements for the first phase of the project. This plan is scheduled to be completed this year.
About Horizon Uptown
Horizon Uptown will have up to 4 million square feet of office space, targeting healthcare, aerospace, defense-related, professional/scientific/technical and administrative/support services. In addition to a commercial component, Horizon Uptown will have approximately 1.3 million square feet of retail space (neighborhood, large-format and lifestyle) and 3,800 residential units. Horizon Uptown is also among a select group of sustainable developments nationwide chosen by the U.S. Green Building Council to participate in the Leadership in Energy and Environmental Design for Neighborhood Development (LEED ND) Pilot Program. Projects will meet standards for urban planning, green construction, education and job opportunities, and transportation and technology initiatives.
About Lend Lease
Lend Lease Americas is a subsidiary of Lend Lease Corporation, a leading global property specialist that has developed, constructed and managed market-leading real estate projects around the world for more than 50 years. Lend Lease is one of the leading fully integrated property solutions providers in the world. Our understanding of property enables us to maximize the best property outcomes through the full range of economic and market cycles. Sustainability has been an integral part of our culture for more than 50 years. Lend Lease is included in all three globally recognized sustainability reputation indices: 2008 Dow Jones Sustainability Index, 2008 Goldman Sachs JBWere Climate Leadership Index and 2009 Global 100. In the United States, Lend Lease is a market leader in public-private partnerships through its Actus Lend Lease business, which manages and operates in excess of 40,000 military homes and has a significant investment in King of Prussia, one of the nation’s premium retail malls.
About Lauth®
Since 1977, Lauth has been building facilities for clients to lease or own throughout the United States. Lauth’s years of solid experience, coupled with completed projects worth billions of dollars, make it a leading national development firm. Lauth delivers virtually any type of facility, including healthcare, industrial, office and retail, from offices in Indianapolis, Charlotte, Dallas, Denver, Orlando and Phoenix. Additional Lauth information is available at www.lauth.net.