The University of Colorado campus in south Denver in Douglas County launched eight months after the state university system announced that it would be closed and sold.
JLL announced on Monday that a team led by realtors Lindsey Fahey and Patrick Bolick is marketing the large three-story facility at 10035 S. Peoria St. in Lone Tree, which has a meeting space with a capacity of more than 1,000 people, a two-story atrium and foyer, outdoor area, a 300-seat theater, a commercial kitchen and several classrooms.
The building was completed in 2002 and 2009 in two phases. According to JLL, the 14.4 hectare campus also includes a sea of parking spaces and 4.4 hectares of arable hectares. The company did not provide a price proposal.
Bolick said in a statement that the property “provides a unique environment to meet a user’s immediate needs” but also “is a compelling game of redevelopment given the property”.
The property was originally home to The Wildlife Experience, a museum and event space founded by Dave and Gail Liniger, the founders of Re / Max. CU began using space on the site in 2014, and the Linigers donated the property to the university system the next year. At the time, the university system stated that the gift was worth $ 40 million and was the largest real estate donation ever made.
CU said last September that the facility was “financially unsustainable”. At that point, about 300 students were enrolled in the facility’s four academic programs, and they could continue teaching on-site until at least August 2021.
The campus launches approximately nine months after the Johnson & Wales University campus in South Park Hill. CBRE snapped the listing for this one, a more traditional, multi-structure campus on approximately 25 acres. The Denver-based nonprofit Urban Land Conservancy has a contract to buy the property and sell portions of it to the Denver Housing Authority and Denver Public Schools.