Greenwood Village based NexGen Properties, LLC (“NexGen Properties”) announces the grand opening of the new corporate headquarters for its parent company, NexGen Resources, Inc. (“NexGen Resources”). Located at 5290 DTC Parkway in Greenwood Village, Colorado (“Two DTC”) is a 32,616 sf, single story, walk-up, office building on stilts with ample covered parking. NexGen Properties acquired Two DTC from the Fire & Police Pension Association of Colorado (“FPPA”), which used the building as its long-standing home since 1984. NexGen Properties spent the better part of two years completely reinventing the one-of-a-kind, mid-century aggregate structure built in 1970 to a Class AA office building at a prime location in the heart of the Denver Tech Center.

In many ways, Two DTC is a significant milestone for the NexGen family of companies. The building is a symbol of success for the company and represents the opportunity for future growth. NexGen Resources Corporation is a privately held company dedicated to development and procurement of natural resources. Since its inception, NexGen and its affiliated entities have grown into a closely held investment group managing a diverse portfolio of investments in companies at multiple stages of growth and across multiple industries.

“Two DTC represents the next stage in the progression of growth for the NexGen family of companies,” said Travis McNeil, President of NexGen Properties. “Two DTC gave us the ability realize the benefits of owning our own building and designing a custom space that better fits our company culture. The comfort, collaboration, and ease of doing business for our employees was of the utmost importance, so we used this as an opportunity to upgrade their working environment.” NexGen Resources relocated from 5251 DTC Parkway (“One DTC”) located just next door. While recognized as a Class A building, NexGen Resources was able to move away from a multi-tenant high-rise building with inefficient floor plates, a high load factor with amenities underutilized by its employees, and a burdensome garage. They are also not reliant on third-party property management to resolve issues or impacted by disturbances from other tenants.

NexGen partnered with Jordy Construction to complete the renovations at Two DTC. While the interior finishes are best-in class, the bones of the property were completely replaced. The vast scope of capital investments in the property included the following: complete interior demolition and asbestos removal, new 60-mil PVC roof, upgraded mechanical system and controls, elevator modernization, new sewer line, and the installation of a fire protection system. In addition, exterior improvements were not overlooked on the vast 2.75-acre land parcel. The improvements include an upgraded entry experience with a new glass curtain wall and architectural brow, sleek landscaping with concrete retaining walls and built-in planters with benches, exterior LED lighting, new privacy trees, contemporary paint scheme, and an asphalt overlay. “In the end, we touched every surface of that building,” said Sean Wardroup, President of Jordy Construction. “Despite several hurdles along the way, we were able to overcome our challenges through collaboration with our project team and deliver what is essentially a brand-new state-of-the-art building.”

NexGen Properties hired Seth Barber with Studio B2SJ as its architect and project manager. Mr. Barber was instrumental in guiding the reimagination of Two DTC. The interior is highlighted by a sleek lobby that embraces the mid-century architecture of the building, exposed open ceiling throughout, polished original concrete floors, drop-down LED lighting, and oversized offices with extra high glass. Despite the minimalist feel throughout the space features varying textures and materials to help soften the dominate hard surfaces. These include custom engraved wood, felt mosaic tiles, and fiberglass crinkle walls. “I was grateful to be part of such an innovative project with a forward-thinking company,” said Seth Barber, Managing Principal at Studio B2SJ. “The design is timeless, and I am confident that the NexGen employees will not only be more productive, but also happy to come to work in such an escalated environment.”

NexGen Properties is seeking a single, high-quality co-tenant to lease the 18,160 sf balance of the building. NexGen Properties is excited to market this one-of-a-kind “jewel-box” opportunity in the Denver Tech Center and looks forward to highlighting the building’s prime walkable location, reserved covered parking, luxurious lobby with prominent suite entry, quick access in and out of the building, and customizable open span floorplate - all of which are especially desirable in today’s post-pandemic market. “This is truly a one-of-a-kind opportunity for a company looking for a boutique offering unlike anything else in south-Denver. NexGen has incredible pride of ownership of Two DTC, thus they will be able to offer concierge level service to their future co-tenant. Furthermore, NexGen does not have any debt on the property, eliminating many of the risks/concerns prevalent in today’s marketplace.

This project exemplifies NexGen Properties’ ability to deliver on its business strategy of creating value through the acquisition and improvement of underperforming commercial real estate. While the enhancements to the existing structure are noteworthy today, NexGen Properties was also attracted to the fact that the site is one of the few remaining developable parcels in the immediate Denver Tech Center submarket. “With the ability to develop a 142,134-sf office building in the future, Two DTC presented NexGen Properties with a tremendous opportunity to acquire a unique covered land play,” said Matt Bernstein, Vice President of NexGen Properties. “I am grateful that I will be able to work in and enjoy Two DTC knowing we ultimately have the ability to redevelop the site should that become the highest and best use for the parcel in the future.” NexGen Properties is actively looking to acquire additional value-add repositioning opportunities across asset classes along the Front Range of Colorado.