Commercial Portfolio

The State Land Board owns 650,000 square feet of commercial real estate valued at $130 million. We also own 2.8 million acres of surface land across the state.

  • We acquire and dispose of properties.
  • We lease space within our commercial buildings.
  • We issue ground leases.

Interested in doing business with us? Contact Julie Majors, Real Estate Portfolio Agent, at 303-866-3454 x3336 (julie.majors@state.co.us).

Property highlight

In March 2019, the State Land Board acquired one of the largest and newest privately owned office buildings in Golden for $15.9 million, or $202.17 per square foot. 

“The acquisition of Clear Creek Square supports the strategic diversification of our commercial real estate portfolio with a best-in-submarket boutique asset that is well-suited for future income and price appreciation,” said Matt LaFontaine, acquisition and disposition manager for the Colorado State Land Board. “This building will help our agency fulfill its mission of funding Colorado’s K-12 schoolchildren.”

Read more about the Golden property.

Q&A

The Real Estate group continually looks for opportunities to acquire properties or to enhance the value of the Board's land portfolio and the revenue stream to the various trust beneficiaries. These include the acquisition of commercial buildings and commercial ground leases with public/private partnerships.

Yes, there is a Commercial Leasing policy adopted by the Board for this type of leasing. Please note, other Board policies may be applicable as well.

The requirement for a bond will be specified in the lease, permit or contract. The amount of the bond will also be specified in the lease, permit or contract. See the State Land Board’s Bonding FAQs for more information.

We might be interested in acquiring land from you, though the acquisition needs to satisfy a lot of our criteria. Please read more about our process for acquiring and disposing of land. Or contact Matt LaFontaine at 303-866-3454 x3335.

We might be interested in selling our land to you (we call it disposing of land), though it's unlikely. The disposal needs to satisfy a lot of our criteria. Please read more about our process for acquiring and disposing of land. Or contact Matt LaFontaine at 303-866-3454 x3335.

Q&A - Ground Leases

How are commercial ground leases initiated?

We are open to long-term ground lease opportunities on state trust land. Contact Julie Majors at (303) 866-3454, ext 3336.

Q&A - Office/Industrial/Retail Leases

The State Land Board owns over 650,000 square feet of commercial buildings that generate revenue for the trust. For the commercial portfolio, the Board hires third-party leasing brokers to maximize returns and minimize risk. We have commercial properties include in the following Colorado locations: 

  • Centennial
  • Denver
  • Golden
  • Ft. Collins
  • Littleton
  • Lousiville
  • Loveland
  • Vail

We use third party leasing brokers. Here is their contact info:

1127 Sherman (Denver, CO) is leased by Cushman Wakefield. Contact Stockton Baker at 303-312-4234. 

600 Grant (Denver, CO) is leased by Cushman Wakefield. Contact Stockton Baker at 303-312-4234. 

4007 S. Lincoln (Loveland, CO) is leased by NAI Mountain Properties. Contact Erich Schmidt at 970-306-0313.

41184 Hwy 6 (Avon, CO)  is leased by NAI Mountain Properties. Contact Erich Schmidt at 970-306-0313.

5975 S. Quebec  is leased by Cushman Wakefield. Contact Doug Wulf at 303-312-4218 

371 Centennial is leased by CBRE. Contact Blake Harris at 303-628-7453.

1278 Lincoln is leased by JLL. Contact Andy Willson at 303-217-7980.

Otherwise, contact Julie Majors with the State Land Board at 303-866-3454 x3336.

See the State Land Board’s Fees & Payment Considerations schedule for details.

The State Land Board is interested in learning about your services. Complete this form.

Application form