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Guidance Corporate Realty Advisors

COMMERCIAL TENANT AND BUYER REPRESENTATION

Gain the edge for your next lease or purchase transaction
Contact us to discuss your project - 303.442.5400

Site Selection / Land Purchase: Purchasing a 100-acre County Office Campus

 

 

Letter from Client

 

Our long-term client, Adams County, Colorado, approached us and requested our help in locating and purchasing approximately 100 acres of land.  This site would eventually be utilized to build almost 500,000 SF of office space to house the County's numerous departments and to provide a wide variety of services to Adams County's residents.  

It was important to find a site that had access to a good transportation infrastructure to accommodate the large number of County employees and visitors.  Access to utilities was also important.  Site topography was an issue and the site needed to be located within or adjacent (to allow annexation) to Brighton, Colorado, the County seat.  Of course, cost was also a key consideration.

This land search was especially sensitive.  To find a large a site within or adjacent to Brighton, we needed to locate property parcels that were potentially available but unlisted.  If a land seller knew that it had "the perfect, must-have site," then the seller could have set an exorbitant, above-market price for the land.  Additionally, if it became known that Adams County was searching for a site for its future office campus, then other potentially available parcels could have seen huge price escalations. 

Consequently, we conducted our search discreetly.  In the end, after a year-long search, we located a local developer that was in the process of amassing a sizeable landholding in an ideal location.  Quickly realizing the value such a future office development would add to his project, he agreed to carve off a 100-acre site for the County and make it available at an attractive price.  The County and the developer have now completed a master plan for the site.   

During this transaction we provided the following key services:

Searched discreetly for available sites,
Negotiated the purchase price and terms,
Examination of property title issues,
Production of an updated ALTA survey and addressing any related issues,
Detailed review of planning and zoning issues,
Review of environmental issues including a Phase I Environmental Site Assessment,
Coordination of required engineering studies including soils and drainage reports, and
Coordination of required surveys for wetlands and endangered species assessments.

By being diligent and discreet, Guidance located land at an attractive price.  Three years later, the site is worth at least three times more than Adams County paid!
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Guidance Corporate Realty Advisors provides Corporate Tenant / Buyer Representation services to corporate real estate users in the Denver metropolitan area including Boulder, Colorado.  Guidance also provides these services in all major U. S. markets, as well as markets in Canada, Asia, South and Central America, and Europe.  To contact: (303) 442-5400 ext 2; Email for Information; 521 Valley View Drive, Boulder, CO 80304; 5231 Monroe Street, Suite 200, Denver, CO 80216.

BOULDER OFFICE
521 Valley View Drive
Boulder, CO 80304
DENVER OFFICE
5231 Monroe Street
Denver, CO 80216
PH: 303.442.5400
FX: 303.545.6581
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