Colorado Real Estate Journal - December 16, 2015
Elion Partners completed a capital improvement program for 5889 Greenwood Plaza Blvd. in Greenwood Village, which transformed the Class B suburban office property formerly known as Plaza Colorado into Scala, a modern, Class A office environment with upscale amenities. “Elion Partners, in close collaboration with Transwestern and Waring Associates, developed a comprehensive design and rebranding strategy to reintroduce Plaza Colorado as Scala,” said Transwestern Senior Vice President Peter Thomas. “We focused our strategy on modernizing the building and adding amenities that will appeal to today’s tenants.” The 90,000-square-foot building’s modern redesign of the main lobby features new flooring, lighting, artwork and directories. The renovations also include new elevator cabs and modernization of the elevators’ mechanical components, as well as the addition of a state-of-the-art fitness center and contemporary collaborative space. Transwestern, which handles the leasing and management, and Waring Associates, a Denver-based architectural firm, oversaw the capital improvement program. “We believed there was an opportunity with Scala to add value to the building, its tenants and the market,” said Juan DeAngulo, managing principal at Elion Partners. “We are excited to bring our vision for the asset to fruition.” The 2,410-sf fitness center comprises a wide variety of cardio and weight machines, free-weights, stretching space and lockers. It is available for tenant use only and includes men’s and women’s changing rooms with showers. The upgraded speculative suites on the top floor offer excellent views of Colorado’s beautiful landscape and position Scala to accommodate the requirements of a wide range of tenants, the firm added.