Splunk signs long-term office lease at S’PARK

Press Release:

Boulder, CO, Nov. 07, 2018 (GLOBE NEWSWIRE) — The John Buck Company, Kinship Capital and Element Properties, announced today that Splunk Inc. (NASDAQ: SPLK) has signed a long-term lease for the entire office component, approximately 42,000 square feet, of the “Market Building” at S’PARK in Boulder, Colorado. This is the first office lease executed in the S’PARK development.

“Splunk has long recognized the tremendous pool of technology talent here in Colorado,” said Jim Lejeal, vice president and Boulder general manager, Splunk. “We strive to provide our employees around the world with the best possible work environment and are excited to expand our role in the Boulder business community.”

Market will be a 53,000 square foot mixed-use office with ground floor retail with scheduled completion in early 2019. The 6.8-acre TOD, mixed-use development commonly known as S’PARK is located along Valmont Road at the site of the former Sutherlands Lumberyard and features approximately 100,000 square feet of new Class A office, over 300 residential apartments and townhomes, as well as a vibrant retail-lined plaza supported by underground parking and access to Boulder’s new RTD Bus Rapid Transit Station.

“We’re delighted that Splunk chose the Market Building in S’PARK for its home in Colorado. Splunk and its team members will bring a great energy to the project. Our development team and our retail and restaurant partners are excited to welcome them to our neighborhood,” said Justin Parr of The John Buck Company.

S’PARK ownership was represented by JLL in the lease agreement, while Colliers International represented the tenant. The Market Building at S’PARK was designed by Phoenix-based architecture firm Worksbureau.

About S’PARK
S’PARK will be a modern village with active greenspaces and cutting-edge sustainability for people to live, work, eat and play – a true mixed-use, mixed-income and transit-oriented place for Boulder Junction. A place for the crafters, the makers and the innovators. This new mixed-use development is proposed as a LEED for Neighborhood Development (LEED-ND) project. S’PARK will have retail, office space, residential rentals, and creatively affordable options of each. Combined with dynamic outdoor public spaces, permeability, walkability and modern architecture, the project will foster a vibrant and creative environment. For more information, visit http://www.sparkneighborhood.com/.

About The John Buck Company
Founded in 1981, The John Buck Company (“JBC”) has an established track record and reputation as a premier, vertically-integrated real estate investment, development and operating company focused on major U.S. urban markets. Since inception, JBC has made principal investments in assets comprising more than $6.7 billion of gross value and acquired, developed, or redeveloped over 42 million square feet of office, multifamily, residential and mixed-use properties. For more information, visit www.tjbc.com.

About Kinship Capital
Kinship Capital is a private real estate investment firm founded on 125 years of family business success. The company makes growth oriented and duration driven investments in the U.S. across a variety of product types including office, retail, multi-family, hospitality, and industrial real estate. The Kinship team has built an institutional scale portfolio while retaining an entrepreneurial approach to the investment process. Kinship’s structural flexibility and 50-year investment horizon regularly prove to provide a unique competitive advantage in the marketplace. Building on seven generations of family legacy, Kinship Capital is committed to the next century of success. For more information, visit http://kinshipcapital.com/.

About Element Properties
Element is a privately owned, Boulder, Colorado-based full service real estate development and investment company, focused on creating value for partners and stakeholders in the communities in which our properties are located. Element targets urban-infill multifamily rental, for-sale condos and townhomes, affordable housing and mixed-use opportunities in established and high barrier to entry markets with proven long-term demand drivers and a reputation for high quality of life. For more information, visit http://www.elementproperties.com/.