Baxa Corporation, a global manufacturer of medical devices for health-system pharmacies, announces it has signed an agreement to lease the Maroon V office building as its new corporate headquarters facility. The new facility will allow Baxa to consolidate its current executive and administrative operations –currently occupying three separate building spaces –into a single facility of approximately 64,000 square feet. The move also accommodates the planned expansion of the company’s production capacity at its Grasslands facility to support business growth.Maroon V is a 4-story, Class A office building in the Meridian International Business Center, south of Denver, Colorado. Developed by Shea Properties, the LEED-certified building will provide a state-of-the-art working environment for Baxa executive officers, product development and laboratory testing; sales, marketing and technical support activities; and accounting and finance associates.
According to Dustin Whistler of Forte Commercial Real Estate, "This transaction represents one of the top real estate deals in the metro area this year. At the time of signature, this was the largest new lease signed in the submarket in 2009." Forte provided brokerage and transaction management services for this and previous Baxa Corporation real estate projects and assisted the company with site selection and assembly of the tenant’s external team of professionals.
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