ConocoPhillips Spurring Real Estate Development and Job Growth

According to The Denver Post, the ConocoPhillips acquisition of the Storage Technology property is leading many alternative energy companies to see office space in Denver's northwest office market and spurring new office development to accommodate this demand for space.

"At least two companies have brought a total of 110 employees to the area along the U.S. 36 corridor. Renewable Energy Systems, a wind-energy company, relocated a 100-worker division from Austin, Texas, to 23,000 square feet of space in Eldorado Ridge in Broomfield. Camco Global, which trades carbon credits, opened a 4,600-square-foot office with 10 workers at 390 Interlocken Crescent.

Range Fuels, which converts bio mass into fuel-grade ethanol, recently expanded from 7,000 square feet to 17,000 square feet at Eldorado Ridge, and Siemens AG plans to establish a wind-energy research-and-development facility in Boulder that will employ 50 researchers by 2013.

"There's a true belief that the northwest market is going to become, on a national scale, a hub of renewable-energy companies that are going to do research, development, production and management," said Chris Phenicie, senior vice president of CB Richard Ellis."

The full text of the article is here. Also see my previous blog calling for the Denver Region to establish a formal brand for the areas alternative energy cluster such as "Renewable Range."