Colorado real estate information, advice and listings. We're your premier online resource for all your Denver Colorado real estate, Colorado custom home and Colorado Mountain real estate needs.
Legacy Real Estate – Colorado Community Blog
Search For Homes
Click stars to vote (left is low, right is high)
(No Ratings Yet)
Loading ...
Denver Commercial Real Estate | Conoco Phillips buys Storage Technology Campus
Houston based Conoco Phillips one the world’s largest producer of oil and gas products announced this week that they purchased the massive 432-acre Storage Technology campus in Louisville, Colorado. This is very exciting news for Louisville and the other surrounding Denver Metro area cities.
Governor Bill Ritter announced the purchase and said it could make Denver one of the world’s largest centers for renewable energy and create jobs and increase business all together throughout Louisville and Colorado. The site will be the home for a new global training center and a world technology site as well. According to experts this could draw thousands to this facility every year and they expect it to be completed by 2012.
This could really change how Denver is preserved in the global economy of renewable energy and allow other companies to bring their research and development companies to the Denver Metro commercial real estate market.
Conoco Phillips purchased the property last month from Sun Microsystems for $58.5 million. Sun previously acquired the property when it bought out StorageTek back in 2005. The property is currently vacant and will likely be redesigned for the Conoco Phillips particular needs and development. Conoco Phillips is currently the third largest oil and Gas Company behind Exxon Mobil and Chevron and explores for gas in oil in over 30 countries currently.
In Colorado the company is a primary supplier of gas and diesel and works closely with local Universities to better understand the potential of renewable energy sources available. This purchase could potential add thousands of jobs to the Colorado job market and increase our potential to attract other high level corporations to Colorado. Our economy and real estate market should grow considerably from this type of company relocation.
Tom Reed and Bill Brown are local authors and real estate experts of Legacy Real Estate Brokers Inc. in
Denver Colorado. You can visit there website at www.discovercoloradorealestate.com
The Author: legacyrealestate
About:
This entry was posted by legacyrealestate, on Monday, June 23rd, 2008 at 10:13 pm and is filed under Commercial, Featured. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response on the right, or trackback from your own site.
One Response to “Denver Commercial Real Estate | Conoco Phillips Storage Technology Campus”
Leave a Reply
Join the Discussion in Our Company Name Forums
Fatal error: Call to undefined function wp_bb_get_discuss() in /home/legacy/public_html/wp-content/themes/3net-Social-Ascension/single.php on line 131
March 24th, 2009 at 3:11 am
I was looking around for some material on real estate business techniques and I stumbled over your article. I found a few interesting pointers for my knowledge. Thanks Admin!