Rendering credit: HKS Architects
KDC PARTNERS WITH LANDOWNER, L. C. FULENWIDER, INC., AS OFFICE DEVELOPER FOR PEÑA STATION NEXT MASTER PLANNED COMMUNITY
08/17/20 | Press Release
DENVER – (Aug. 17, 2020) ---- KDC, a leading developer of corporate build-to-suit campus projects for major companies such as JPMorgan Chase, Uber, State Farm and Toyota North America, has entered a partnership with master developer, L. C. Fulenwider, Inc., to develop build-to-suit office as part of the Peña Station NEXT mixed-use community.
Located at the first transit station out of Denver International Airport (DEN), this master planned, mixed-use, transit-oriented development was co-developed by L. C. Fulenwider and the Real Estate Division of DEN. Peña Station NEXT offers state-of-the-art smart, sustainable technology throughout a vibrant, connected live, work and play community for the NEXT generation. Conveniently located, Peña Station is ideally situated for commuters, being just 12 minutes by train to DEN and less than 30 minutes to downtown Denver.
“This project and location are perfectly situated to deliver what corporations are looking for – transit-oriented, mixed-use and walkable,” said Chris Selbo, Vice President of Development for KDC. “Peña Station NEXT offers a wide range of build-to-suit site options for stand-alone campuses.”
Peña Station NEXT is home to Panasonic CityNow and 218 multi-family housing units, with an additional 600 multi-family units with ground-floor retail currently being planned. The development is also home to the 226-room Hyatt Place Hotel, located within walking distance to the rail stop. Peña Station NEXT will also offer dining, retail, and entertainment options. Additionally, there is over 1 million square feet of office space in Peña Station NEXT that will be developed with the KDC partnership.
“Fulenwider is excited to continue the development of Peña Station NEXT with a strong partner. KDC’s experience in developing sustainable office complexes is the perfect fit for our community and we are looking forward to our shared success,” said Ferd Belz, President of L.C. Fulenwider, Inc.
“Peña Station NEXT is the great activator for the Metro Denver region’s economic expansion. Leveraging our highly educated workforce, proximity to Denver International Airport, connection to a robust mass transit system, and forward-thinking development planning, Peña Station NEXT creates a destination for people and businesses to locate and thrive in one of the nation’s leading economies,” said Sam Bailey, Vice President of Economic Development of the Metro Denver Economic Development Corporation. “We look forward to showcasing how Peña Station NEXT is a fantastic location for diverse industries to consider and call home.”
KDC will be marketing these build-to-suit sites with Tom Lee and David Hart of Newmark Knight Frank, as well as working with HKS on the master planning and building design.
“A unique option for corporate users valuing both ease of travel and proximity to a large metro area, this transit-oriented development opportunity at Peña Station NEXT is located at the first rail stop on the way from Denver International Airport to downtown Denver. Already home to FlightSafety International and Panasonic’s state-of-the-art facility, Peña Station NEXT represents one of the next great, smart, sustainable mixed-use communities in the U.S.,” said NKF’s Lee. “In context to the impact of COVID-19, the site’s build-to-suit, single-tenant building, customized office space and large campus options will attract tenants from across the U.S.,” added NKF’s Hart.
KDC is currently developing Santa Fe Yards as part of Denver’s Broadway Station development, as well as other mixed-use developments, including Aureum in Nashville, Hub RTP in North Carolina, Park Heritage in Dallas, and Parkline in San Antonio.
Other notable mixed-use projects developed by KDC include Legacy West in Plano, Texas, home to corporate headquarters for FedEx Office and Toyota North America as well as regional campuses for Liberty Mutual and JPMorgan Chase, and KDC’s State Farm Transit-oriented campus in Dunwoody, Georgia.
KDC is a leading corporate build-to-suit development and investment firm for companies across the country. Within the last 30 years, KDC has produced approximately 33 million square feet valued at over $9 billion. KDC addresses the future of Corporate America by developing walkable, mixed-use urban environments anchored by notable clients, and specializes in data center and broadcast studio build-to-suits. KDC's portfolio includes developments for FedEx, J.P Morgan Chase, Liberty Mutual, Raytheon, State Farm (Dallas and Atlanta offices), and Toyota North America. KDC is headquartered in Dallas and is supported by a national team with offices in Atlanta and Charlotte, North Carolina For more information, please visit kdc.com.
Fulenwider helped shape the prosperous, booming Denver metro area we know today—and we’re at the forefront of building our region’s tomorrow. Our combination of experience, creativity, and versatility has resulted in a variety of successful projects throughout Colorado, including Class A office buildings, shopping centers, resort and urban condominiums, master-planned business parks, multi-family and master-planned residential communities and a world class ski resort. Over 115 years strong, Fulenwider has remained committed to a long-term vision of responsible growth for the region. We have seamlessly entered into the 21st Century by continuing a tradition of innovation in numerous projects, including Peña Station NEXT, a transit-oriented development located next to DEN that offers state-of-the-art smart, sustainable technology throughout a vibrant, connected live, work and play community. Fulenwider is driven by a deep responsibility to set the stage for the next generation. This unwavering stewardship is, and always will be, the Fulenwider legacy. For further information, please visit www.fulenwider.com.
About Newmark Knight Frank
Newmark Knight Frank ("NKF"), operated by Newmark Group, Inc. ("Newmark Group") (NASDAQ: NMRK), is one of the world's leading and most trusted commercial real estate advisory firms, offering a complete suite of services and products for both owners and occupiers. Together with London-based partner Knight Frank and independently owned offices, NKF's 18,000 professionals operate from approximately 480 offices on six continents. NKF’s investor/owner services and products include investment sales, agency leasing, property management, valuation and advisory, diligence, underwriting, government-sponsored enterprise lending, loan servicing, debt and structured finance and loan sales. Occupier services and products include tenant representation, real estate management technology systems, workplace and occupancy strategy, global corporate services consulting, project management, lease administration and facilities management. For further information, visit www.ngkf.com.
About Denver International Airport
Denver International Airport is the fifth-busiest airport in the United States and the 16th busiest in the world serving more than 69 million passengers in 2019. DEN is the primary economic engine for the state of Colorado, generating more than $33 billion for the region annually. For more information visit www.FlyDenver.com, check us out on YouTube and Instagram, like us on Facebook and follow us on Twitter.