The Client, Heartland Bank, desired to establish a Regional Bank Office in a high image location either Lower Downtown or Cherry Creek. They needed a real estate expert to identify opportunities and to evaluate buildings and vacant land alternatives and to investigate every possible Cherry Creek property that could accommodate a new ground up office building development.
Assignment Highlights
Identified prospective existing building and land sites in Lower Downtown and in Cherry Creek.- Most sites in Cherry Creek were not on the market so research was undertaken to identify all property owners.
- Created pro-forma spreadsheets for ground up development projects for two sites in Cherry Creek including the northwest corner of Josephine and Third Avenue.
Identified prospective existing building and land sites in Lower Downtown and in Cherry Creek.Results
- The Client successfully purchased an existing office building in a high-image Cherry Creek location.
- This recommended 100 Garfield Street Building was renovated and rebranded for a bank HQ with a retail bank operation on the main level.