CoBank leases 11-story office tower in Greenwood Village for headquarters

CoBank will move its headquarters to a new 11-story office tower to be developed in Greenwood Village.

Shea Properties said Tuesday that CoBank has executed a long-term lease for the 296,000-square-foot building, which will be named CoBank Center.

The building will be part of Shea Properties' Village Center Station development along Interstate 25 between Orchard and Arapahoe roads. Construction of the building will start in coming weeks with completion scheduled for the fourth quarter of 2015.

CoBank's current headquarters is at 5500 S. Quebec St. in Greenwood Village, a building it has occupied since the bank was formed in 1989.

"Colorado continues to see companies make capital investments in the state, which is not only helping our economy recover, but shows that it is picking up momentum," Gov. John Hickenlooper said in a statement.

Peter Culshaw, executive vice president of Shea Properties, said the developer is negotiating with prospective tenants for another new office building, the nine-story Village Station Center II. That building will mark the completion of the office and retail development.

Davis Partnership has been the architect for each of the three phases of Village Center Station. Adolfson & Peterson Construction will be the general contractor for new construction. CoBank was represented by Barry Dorfman and Billy Byrne of Jones Lang LaSalle and Shea Properties was represented by Tim Harrington and Tom Lee of Newmark Grubb Knight Frank.

Steve Raabe: 303-954-1948, sraabe@denverpost.com or twitter.com/steveraabedp

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CoBank leases 11-story office tower in Greenwood Village for headquarters