DENVER (Tuesday July 9, 2019) – United Properties is pleased to announce that Summit Utilities, Inc. has signed a lease for 17,822 sq. ft. on the fourth floor of INOVA Office II at 10825 E. Geddes Ave., in Centennial, Colorado. Headquartered in Colorado, Summit Utilities owns natural gas distribution and transmission subsidiaries that operate in Arkansas, Colorado, Maine, Missouri and Oklahoma.
The relocation, which is planned for Nov. 1, 2019, represents a consolidation of several offices. “We are excited to relocate our corporate headquarters to Centennial, which is central to our operations here in Colorado,” said Steve Birchfield, Summit Utilities’ Chief Financial Officer. “We selected the INOVA II property based on its open floorplan layout, proximity to I-25 and commuter rail, and floor-to-ceiling windows providing abundant natural light and views of the Front Range.”
The new space will include architectural details that tie in with Summit Utilities’ work installing piping for their distribution network. Powers Brown Architecture created elements that resemble utility piping to run from the reception area and wind through the ceiling, creating a playful design feature and way-finding tool. The design element is also practical as it will be used to bring power to the open office workstations. Additionally, open space on the west side of the office will allow employees to enjoy the mountain views.
With the lease signing, just 40,100 sq. ft. of space remains available within INOVA II, according to Matt Oermann, senior development manager, United Properties. “We’re thrilled to welcome Summit Utilities to our highly successful INOVA project and are very pleased to have such strong continuing interest in INOVA, which now consists of three phases,” Oermann said. INOVA I and II tenants have responded positively to the proximity and easy access to I-25, higher parking ratios and highly efficient floor plate designs, he added. United Properties recently announced plans for a third phase of the project, INOVA Aero, with the purchase of a 43-acre adjacent site.
Ryan Link with CBRE represented Summit Utilities in the transaction. Dave Lee and Jason Addlesperger of Newmark Knight Frank represented United Properties.
About Summit Utilities, Inc.
Summit Utilities, Inc. owns natural gas distribution and transmission subsidiaries that operate in Arkansas, Colorado, Maine, Missouri and Oklahoma, serving approximately 100,000 customers and operating more than 5,400 miles of pipeline. The business began in 1997, when two entrepreneurially-minded executives recognized a need to deliver a more cost-effective and environmentally sustainable fuel option to residences and businesses in rural areas where other utilities could not or would not serve with natural gas. While the company started in Colorado with the founding of Colorado Natural Gas, Inc., it has since grown to provide safe, clean and affordable natural gas to businesses and residents in five states through Summit Natural Gas of Missouri, Inc., Summit Natural Gas of Maine, Inc. and Arkansas Oklahoma Gas Corporation. Each of Summit’s subsidiaries constructs and installs natural gas distribution systems with the goal of supporting economic development by providing clean-burning, safe and reliable natural gas to residential and commercial customers through exceptional customer service and commitment to community. To learn more, visit www.summitutilitiesinc.com
About United Properties
United Properties has been creating deep roots in the commercial real estate industry for more than 100 years. The company imagines new possibilities in real estate to help strengthen communities and create lasting legacies. United Properties provides market expertise for ground-up development, redevelopment and acquisitions of value-add and stable investments. The company invests in and develops office, industrial, retail, mixed-use and senior housing properties. United Properties is owned by the Pohlad Companies and is headquartered in Minneapolis, with an office in Denver. For more information, visit www.uproperties.com or follow on Twitter at @UPDeepRoots.