Power Home Remodeling lands local site

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Power Home Remodeling Group leasing space along Southeast corridor.

Power Home Remodeling will grow facility to 100 in Inova Flex.

Power Home Remodeling named best workplace for millennials.

Power Home Remodeling

This aerial map shows where Power Home Remodeling will be going.

Power Home Remodeling Group, an exterior home improvement company based in Pennsylvania, unveiled plans on Tuesday to makes its debut in the Denver area, with plans to grow its local operation to 100 employees.

A year ago, Power Home Remodeling was named as the No. 1 Workplace for millennials by Fortune magazine.

Power Home Remodeling has a pre-leasing commitment to occupy 23,658-square feet at Inova Dry Creek along the southeast corridor. It will be an anchor tenant and kick off the planned 70,632-square-foot Inova Flex building at Inova Dry Creek

Ground is expected to be broken next month on Inova Flex. Inova Dry Creek is, a 650,000-square-foot office, flex and residential campus east of Interstate 25 and East Dry Creek Road in Centennial.

Power Home Remodeling expects to open its Denver area operation in January.

Andrew Blaustein, a broker with Newmark Grubb Knight Frank, represented Power Home Remodeling in the transaction. NGKF’s Jason Addlesperger, Dave Lee and Mike Wafer represented the property owners, United Properties and Principal Real Estate Investors, in the lease transaction.

“Power polls its employees every year to gauge interest in new markets and Denver was nearly the unanimous choice,” said Corey Schiller, co-chief executive officer at Power Home Remodeling.

“We also keep a watchful eye on where the general population would most like to live,” Schiller continued.

“Denver was at the top of both lists, so it’s an easy decision to relocate 20 individuals to help open the Denver market.”

Power Home Remodeling is listed in Inc. 5000’s annual list of fastest growing private companies and is consistently named one of the best places to work.

Power Home Remodeling.

A rendering of the new Denver-area home for Power Home Remodeling.

“Our employees are especially energized by innovative and vibrant work environments and we’re confident we can create the Chester, Pennsylvania headquarters culture at Inova,” Shiller  said.

Blaustein, a managing director at NGKF, said Power Home Remodeling couldn’t have picked a better location.

“Inova Flex provided options for Power that were not available anywhere else in this market,” Blaustein said.

“Nova Dry Creek offers the most desirable location with a large parking ratio, an opportunity to design our own space from core and shell, and a mature tenant base in the immediate vicinity,” Blaustein continued

“Combine these features with the strength of the Southeast market, a Class A flex opportunity and proximity to area amenities and you have a natural win,” he said.

Nova Dry Creek is near the Dry Creek light rail station, adjacent to Inverness Business Park and Centennial Airport.

It is aproximately 20 minutes from downtown Denver.

With United Properties and Principal Real Estate Investors is seeking LEED certification on all buildings.

Plans include facilities for bike commuters (dedicated building entries with showers, lockers, repair areas and bike rentals), a dedicated shuttle to transport employees to and from the Dry Creek light rail station, and onsite food truck pad sites with dining areas.

Addlesperger, Lee and Wafer, executive managing directors at NGKF, master planned the campus with United Properties and Principal Real Estate Investors.

Murray and Stafford was hired as the general contractor for Inova Flex.

Power Home Remodeling  has 1,650 employees in 10 business locations across the U.S.

Interested in buying a home in Centennial? Please visit 8z Real Estate.

Have a story idea or real estate tip? Contact John Rebchook at JRCHOOK@gmail.com. DenverRealEstateWatch.com is sponsored by 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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