In downtown Denver, where many office buildings remain only partially used because of remote and hybrid work routines, Airbus and a Canadian natural resources company have opened up shop.
Airbus U.S Space and Defense recently opened an office on 17th Street between Curtis and Arapahoe streets, spokesman Jonathan Murphy said in an email.
Vault 44.01, based in Calgary, Alberta, has leased an 8,000-square-foot space at 1125 17th St. in a 494,689-square-foot office tower. The company develops and operates carbon-capture and storage projects across North America to reduce greenhouse-gas emissions from industrial sites.
Rob Sadler, chief commercial officer at Vault 44.01, said the company is growing and needed more space to accommodate its expanding team.
“Denver emerged as the optimal choice due to its favorable business climate and its wealth of talented professionals in the region,” Sadler said in a statement.
Real estate firm JLL represented Vault 44.01 in the transaction and the CBRE Group represented the landlord and owner, Hines. The office building is undergoing extensive renovations, including the addition of state-of-the-art conference facilities and outdoor spaces, according to JLL.
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Airbus also has facilities in Fort Collins and Aurora. Murphy said the Denver office will have about 25 full-time employees, boosting the total number of staff members in Colorado to 50. The new office will serve as the hub for all employees in the western U.S.
“Colorado is a leader in emerging defense and national security space technology development,” Rob Geckle, chairman and CEO of Airbus U.S. Space and Defense, said in a statement. “Expanding our footprint allows for greater interaction with customers and collaboration with leading companies and suppliers in the region.”
Colorado is evolving into an epicenter for defense and national security space companies, with several key installations across the state, including the U.S. Northern Command and U.S. Space Command, Airbus said.
Colorado’s aerospace industry is the second-largest in the country, behind California’s. Colorado has the nation’s largest private aerospace economy per capita, with more than 240,000 workers, according to the Colorado Office of Economic Development and International Trade.
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