The Changing Face of Suburban Business Parks

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The suburban business campus of low-slung 1-2 and 3 story “tech” oriented space is taking on a new look as new uses and new architecture mix with customary uses. Imprimis Advisors NorthRidge at Park Centre, in Westminster Colorado, is about to become home to Veritas Skilled Nursing Facility, furnishing 93 beds for short-term skilled nursing care for all ages.

Already home to Polycom (a communications company), educators DeVry University and Colorado Technical College, Hisco (a distributor of chemical products) and numerous smaller businesses, the Skilled Nursing Facility has also attracted inquiries from multiple extended care living facilities. Attractions include walking distance to a variety of restaurants, banking, local shopping facilities, a 15 acre Open Space Reserve adjoining The Big Dry Creek Park owned by the City of Westminster, and a rapidly growing residential market surrounding. Northridge offers an environment not only for doing business, but also for getting well and living life.

Veritas Management Group expects to start construction on its skilled nursing facility in December and to welcome its first recovering patients in late 2015. Soon Sierra Pacific Industries, a world leader in environmental forestry will be processing a new office-showroom-warehouse facility at the opposite end of Northridge. A proposed 80,000 square foot three story Office Building is drawing interest from large tenants as Digital Global prepares to locate hundreds of employees across 120th Street from NorthRidge and Adams County plans a new complex nearby.

“When we envisioned Northridge in the early 2000’s we thought of it solely as a business campus. Today with nursing facilities, education uses and a new apartment complex designed for both millennial’s and seniors under construction immediately adjacent, Northridge has become a place both to do business and to live. The possibility of extended care living in our future is a natural extension” said Russ Hatle, principal of the Developer.

NorthRidge already had separated itself from competitive sites by offering fully finished, ready to build sites with all improvements complete and no wasted space or dollars – users only pay for the actual net useable portion of the land purchased, with storm detention, dedications and other un-useable land excluded from the cost.

Nate Bradley, Ryan Stout and their team at Cushman Wakefield in Denver, CO are the brokers marketing Northridge at Park Centre.

About Imprimis Advisors    
Imprimis Advisors, LLC manages real estate development, investment and finance for a small number of foundations, pension trusts and high net worth investors. Properties developed or managed by Imprimis Advisors, LLC are as diverse as office, industrial and business parks, an operating marina and golf communities in California and Colorado.

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Russ Hatle
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