Colorado Real Estate Journal - November 19, 2014
A company that has been steadily expanding at Westmoor Technology Park over the last decade will relocate next door to continue its growth trajectory. Reed Group, a multifaceted firm that provides information and services related to employee leave and disability, leased 65,000 square feet at 10355 Westmoor Drive in Westminster with an obligation to take another 10,000 sf within the next three years. It currently has 55,000 sf at Westmoor. “The location works really well for Reed Group. We’ve got great access to workforce,” said CEO David Roberts, explaining the company draws employees from both the Boulder and Denver areas. Of the approximately 400 people it employs in Colorado, approximately 330 work in the office. “We’ve been growing about 20 percent year over year for the last four years. We will probably add 100 or 150 people over the net 12 months, so that will continue to go up,” Roberts said. Reed Group p r o v i d e s e m p l o y e r s with a variety of leave and disability services and products, i n c l u d i n g We b - b a s e d information; third-party management of leave and disability services; software to help companies and insurers manage their own leave and disability matters; and data and analytics tools to help employers understand causes of employee absence. The goal is to improve return-to-work outcome, lower absence and health care costs, and drive better business results. The workforce includes customer service and technology personnel, as well as a large number of nurses. “Our employees really get a lot of value out of the help that they provide,” said Roberts, who said employees enjoy assisting people suffering from disabilities and dealing with other work-leave issues. “Everybody really feels like they are doing good. It’s a special part of Reed Group and a special part of why we’ve been successful and grown,” he said. Reed Group expects to occupy its new offices in the first quarter of 2015. The company will be located in a 97,922-sf building that was built in 1999 and is part of a collection of buildings known as Westmoor Center. Westmoor’s amenities include a deli, West View Recreation Center, showers and lockers, enclosed bike shelters, 3½ miles of trails and a golf course. Todd Papazian of CBRE in Denver and Ted Uzelac of Fischer & Co. in Dallas represented Reed Group in the lease. Frank Kelley and Austin Fairbourn, also of CBRE, represented the landlord, KBS Strategic Opportunity REIT. When it first moved to Westmoor 10 years ago, Reed Group occupied 24,118 sf. “It’s a nice business,” said Roberts. “It’s just growing and growing. It’s fun to be in a business where you’re successful and growing.”