Douglas County rentals 80K place of business sq. toes in Meridian

Colorado’s fastest-growing county has expanded its place of business footprint.

Douglas County signed a 15-year rent for all the 82,000-square-foot construction at 11045 Lansing Circle within the Meridian Global Trade Heart ultimate October.

Kind of 175 staff will in the long run paintings from the construction, which is in an unincorporated a part of the county. Transfer-ins started in past due 2024 and can proceed via June.

“Generally, our choice is to shop for, however in response to availability, we went with a rent course to shop for one day,” mentioned Tim Hallmark, the county director of amenities, fleet and emergency beef up services and products.

The deal used to be probably the most greatest native place of business rentals within the fourth quarter of 2024. Douglas County pays $23.50 in keeping with sq. foot in base hire once a year beginning out — or $107,000 a month, consistent with the rent settlement got by way of BusinessDen via a public information request. That quantity will build up 3% once a year.

The county additionally shall be chargeable for construction bills that upload $8.45 in keeping with sq. foot initially.

Within the fourth and 5th years of the rent, the county will have the opportunity to shop for the construction for a value based totally both on an out of doors appraisal or a minimum of 10% of the construction’s “capitalization fee as decided by way of the then-current base hire,” consistent with the record.

The owner, Healthpeak Houses, Inc., is paying for the county’s build-out on-site, Hallmark mentioned.

The Douglas County Well being Division will consolidate two amenities in Lone Tree and Fortress Rock into the second one surface of the three-story construction. The previous place of business house shall be occupied by way of different county staff.

The primary-floor consumer continues to be being decided, despite the fact that Hallmark mentioned he anticipates it’ll be the county Division of Human Products and services, which administers welfare and social services and products to citizens.

The construction’s 3rd occupant, Colorado’s twenty third Judicial District, is what in point of fact drove the true property seek.

“The preliminary seek used to be pushed for the judicial district. You do not want to be a citizen of Douglas County to require judicial services and products in Douglas County, and speaking with our judicial companions, a overwhelming majority in their clientele … come from the north on the whole,” Hallmark mentioned.

“[The location is] for the voters we serve, no longer for the team of workers,” he added.

The judicial district is the latest in Colorado and got here into life in January — the state’s first new judicial district because the early ’60s. It used to be break up off from a shared district with Arapahoe County, induced by way of the impulsively increasing inhabitants within the south metro space.

The district’s probationary services and products shall be housed within the newly leased house, together with its diversion program, which gives an alternative choice to the standard court docket procedure for the ones charged with positive crimes. It has two workplaces in Fortress Rock however wishes further house to beef up the district’s paintings, Hallmark mentioned.

On account of this use, Hallmark used to be searching for structures some distance clear of residential spaces and in most commonly or completely vacant houses that might save you the county from being a “unhealthy neighbor.” Concurrently, he sought after to be as regards to public transit, to assist facilitate the drift of other folks into the place of business house. The ones two constraints restricted his seek to 66 houses, 12 of which have been in Arapahoe County.