Galvanize inks deal at PearlWest

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Highlights:

  • Galvanize leases 27,000 square feet in PearlWest.
  • The PearlWest site formerly housed the Boulder Daily Camera, a newspaper.
  • Nichols Partnership expects a LEED certification for PearlWest.
The rooftop deck at the Platinum LEED Pearl/West will provide green space open to the public.

The rooftop deck at the Platinum LEED PearlWest will provide green space open to the public.

Galvanize, the fast-growing Denver company that provides collaborative space for high-tech leaders, investors and digital start-ups, has signed a lease for one of the most energy-efficient and sustainable new office developments in Boulder.

Galvanize is leasing 27,000 square feet in PearlWest, an office and retail building on the west end of the Pearl Street Mall, which formerly was the home of the Boulder Daily Camera, a newspaper.

Denver-based Nichols Partnership, which developed the site and developed the retail and office building on the property, expects a Platinum LEED designation for the 4-story, 127,000-square-foot building.

Nichols Partnership now has leased space in three of its buildings to Galvanize.

The first was in the Golden Triangle and Galvanize 2.0 is on Platte Street in the Lower Highland area. J.E. Dunn Construction is the general contractor of PearlWest as well as the Nichols Partnership building at 1644 Platte St.

“We are thrilled to announce that Galvanize is the latest lease to be signed at PearlWest offering the project and the community some great benefits,” Lynda Gibbons of Gibbons White, who is listing the building, said last Friday.

Galvanize is leasing space in PearlWest, the 3rd building developed by Nichols Partnership where it is taking space.

Galvanize is leasing space in PearlWest, the 3rd building developed by Nichols Partnership where it is taking space.

Galvanize will occupy the entire first and second floors of the building on Pearl and Walnut streets. The building was designed by Shears Adkins Rockmore.

“With the project amenities of the rooftop garden space, the on-site parking, the high-speed connectivity fiber service, and gorgeous functional creative floor plates, Pearl West becomes the perfect fit for a community of high tech movers and shakers,” Gibbons said.

“The annual graduation of “G” school students from their educational element is a benefit to the other building occupants and the community as a whole as well,” Gibbons continued.

Crestone Capital Advisors, LLC, a specialized wealth management firm offering services to ultra-high-net worth clients, and Eureka!, a burger restaurant featuring craft beer and artisan liquor in a rustic environment, also have also signed leases at PearlWest.

The building is now 45 percent leased.

“PearlWest is the crown jewel of office buildings in downtown Boulder,” said Randy Nichols, president and founder of the Nichols Partnership.

“I’m not surprised at how high the leasing activity has been, as the location, large office floor plates, and amenities of this property are unparalleled in the area,” Nichols said.

“In addition, we are seeking LEED Platinum designation, one of only a handful of private, commercial buildings in Colorado to do so and the first in Boulder,” Nichols added.

Walnut Street entrance to the PearlStreet building in Boulder, which is expected to received a Platinum LEED designation.

Walnut Street entrance to the PearlWest building in Boulder, which is expected to received a Platinum LEED designation.

Some of the LEED features include:

  • Premium reserved parking for low emitting and fuel-efficient vehicles, including a charging station for electric cars.
  • Landscaped green space within the project including a rooftop public patio.
  • All of the building’s plumbing fixtures and HVAC systems are extremely efficient.
  • On-site renewable energy with solar panels on the roof.
  • The interior design incorporates natural daylighting and the indoor air quality will be excellent due to increased ventilation, and low emitting sealants and coatings.
  • A large percentage of the construction waste has been recycled and the new building features a significant amount of recycled content.

Also, PearlWest is in a location that provides good opportunities for mass transit and alternative modes of transportation. It will feature dozens of bicycle parking spots as well as showers on-site to encourage tenants to commute via bicycle.

“These LEED Platinum features are essential to many of our clients because of the culture in Boulder and proximity to the mountains,” Gibbons said.

“It’s important to tenants to have a lower impact on the environment, while also offering their employees a state-of-the-art workspace that encourages innovation and creativity,” she added.

One of the high tech and unique features of the property includes the first fully-automated parking garage in the Western United States.

The automated guided vehicle system is produced by ParkPlus, based in New Jersey, and it utilizes laser technology to scan the cars and then a robotic valet parks the car one floor below ground level.

This cutting-edge technology allows four times as many cars to be parked at PearlWest than a traditional garage of the same size. When the car needs to be retrieved, the driver simply swipes their card at the kiosk or keys in their code and the car is returned within two minutes. The AGV system will operate 60 parking spaces in the building while there will also be an additional 240 traditional parking spaces.

Interested in buying a home in Boulder? Please visit COhomefinder.com.

Have a story idea or real estate tip? Contact John Rebchook at JRCHOOK@gmail.com. InsideRealEstateNews.com is sponsored by Universal Lending, Land Title Guarantee Co. and 8z Real Estate. To read more articles by John Rebchook, subscribe to the Colorado Real Estate Journal.

 

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John Rebchook

John Rebchook has more than 30 years of experience in writing and communications. As the Real Estate Editor for the Rocky Mountain News, he wrote about residential and commercial real estate for 26 years. He has won numerous awards for business stories and columns that he wrote, both as an individual and part of teams. In addition to real estate, he also covered economic development, banking and financing, the airlines, and cable TV for the Rocky. In addition, he was one of the original freelance writers for GlobeSt.com, covering commercial real estate for the Internet publication.

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