LEASING ACTIVITY

MC Commercial Real Estate continues to have success with leasing at their Denver Metro and Colorado Springs properties. In Denver the Mountain Midwifery worked with Dottie Regas to extend their lease on 4,713 square feet. The Professional Association of Therapeutic Horsemanship International (PATH) worked with Dottie to not only extend their lease for a significant period but also expand their current space by twenty percent to 5,128 square feet. While in the Colorado Springs area, Family Dollar extended their lease on 8,861 square feet and Abundant Health Care extended their lease on 3,200 square feet. Additionally, The Peak Fly Shop recently returned as a tenant with 3,242 square feet of retail space. Everyone here at MC Commercial as well as our owners are pleased with the high occupancy and tenant retention rates we have been able to achieve and maintain over the years.

Lease Renewals in Colorado Springs

MC Commercial Real Estate has been busy extending leases in Colorado Springs.  In recent months, they have renewed two long term leases totaling 24,728 square feet at the Mount View Business Park .  Colorado Springs All Breed Rescue with 3,600 square feet was founded in December 1994 as a no-kill rescue organization and has been a tenant at the property since 2004.  Pikes Peak Moving and Storage also joined the property in 2004 and occupies 21,128 square feet of space.  They have been in business for over forty years, providing quality moving services and having been awarded the Good Housekeeping seal for quality service every year since 1964.  MC Commercial Real Estate and the property owner are happy to have good tenants remaining with us for years to come.

New Business

Richardson Development, a prominent Denver area developer, has purchased the Plaza De Medicos building located at 3555 S. Clarkson Street in Englewood, Colorado, a block from Swedish Medical Center.  After brokering the sale, MC Commercial Real Estate has continued to Manage and Lease the property.  Richardson Development has also retained MC to manage his adjacent property located at 707 E. Jefferson Avenue where MC Commercial Real Estate will be handling the demolition of the old fitness center in preparation for a new Medical Office Building Richardson plans to develop on the site.

Energy Efficient Rebates

Xcel Energy is offering 30% bonus rebate for T12 re-lamping or retro fits from April 1, 2012 until December 31, 2012.  Total rebates cannot exceed 75 percent of the cost of the work done.  In addition to the rebates offered on the replacement of T12 bulbs, Xcel Energy also has rebate programs on some HVAC equipment, roofing and windows.

Heating Efficiency rebates are offered on boilers, furnaces, water heaters, pipe insulation and boiler tune ups.  To qualify the equipment must use natural gas from Xcel Energy as the primary fuel and be devoted to either space heating or domestic water heating.

Cooling Efficiency rebates are offered on chillers, condensing units, indirect/hybrid evaporative cooling, oversized cooling towers, rooftop units, packaged terminal air conditioners, split systems and water source heat pumps.  To qualify the property must be an Xcel Energy electricity customer and purchase new equipment from the qualifying cooling system list.

Custom Efficiency rebates are offered on roofing and windows for Xcel Energy natural gas and electricity customers.  Applications for these rebates must be submitted for pre-approval prior to work beginning.   Xcel Energy requires that you get estimates for the work to be done, use the estimate to apply and only after receiving approval have the work completed by the vendor.

For additional information on Xcel Energy rebates, qualifications and procedures you can either visit their website at http://xcelenergy.com/LightingEfficiency or call 800-481-4700 and ask to speak to an Energy Efficiency Specialist.

Depending on where your property is located there may be some additional rebates being offered by either the City or County.  You should contact the local municipality of each property to see what rebates they offer before you begin any project; this will allow you to make sure you meet all criteria necessary to receive the rebates.

91% OCCUPANCY

MC Commercial Real Estate would like to thank our Property Managers as well as the entire Maintenance staff for all their hard work and dedication.

In these tough economic times when many properties have high vacancy rates, we feel it is our staff that makes the difference.  MC Commercial handles over 1,000,000 SF of space in the Denver Metro and Colorado Springs markets, averaging occupancy rates of 91%. 

Our thanks go out to Alvaro, Brian, Caleb, Carlos, Dave, Dottie, Dusty, Jordan, Karen, Martin, Michael, Phil, Scott,  Tom R., Tom W and Travis.

Keep up the good work.