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Broe Real Estate Group Acquires Three-Building Portfolio in Colorado Springs’ Premier Office Park

Denver, CO (August 7, 2018)

Broe Real Estate Group, a wholly owned subsidiary of The Broe Group, today announced the purchase of a three building flex/office portfolio comprising more than 210,000 square feet located in Colorado Springs’ Briargate Office Park.

Briargate is a 9,600 acre master-planned community located in northern Colorado Springs. Within Briargate is Corporate Pointe – the first of the three building portfolio – an 115,260 square foot three-story multi-tenant office located on nearly eight acres at 1975 Research Parkway. The Tech Center West and Tech Center East twin structures comprise the balance of the portfolio and provide a total of 95,392 additional square feet of single-story flex/office buildings located at 8415 Explorer Drive and 2375 Telstar Drive, respectively.

“The Corporate Pointe and Tech Center acquisitions represent an excellent value add investment opportunity with an attractive basis in a market with strong fundamentals,” said Broe Real Estate Group CEO Doug Wells. “Colorado Springsis thriving and we hope to grow our presence in the market over time. This property has experienced significant leasing in the past 90 days with more than 76,000 square feet of renewals and new leases. Post-closing we will invest significant capital to improve common areas, landscaping and building systems.”

Life sciences will play a large role in the Briargate portfolio with Kaiser Permanente already occupying 22,000 square feet of Corporate Pointe and the pending addition a new long-term life science partner to Tech Center East. Located less than an hour from Denver, Briargate’s northern Colorado Springs location offers the ideal commercial property to unlock dual market access to greater Denver and the thriving El Paso County.


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Canada Pension Plan Investment Board and The Broe Group Complete Acquisition of DJ Basin Oil & Gas Assets

Acquisition completed through jointly formed entity, Crestone Peak Resources


Toronto, ON/Denver, CO (July 29, 2016): Crestone Peak Resources LLC (Crestone), a Canada Pension Plan Investment Board (CPPIB) and The Broe Group jointly formed entity, closed the acquisition of the previously announced Denver Julesberg (DJ) Basin oil and gas assets in Colorado from Encana Oil & Gas (USA) Inc., a wholly owned subsidiary of Encana Corporation (Encana). Crestone is 95% owned by CPPIB and 5% by an affiliate of The Broe Group. The effective date of the transaction is April 1, 2015.

CPPIB’s Natural Resources group invests directly in companies, strategic partnerships and direct resource interests in energy, merchant power generation, metals and mining, and renewable energy. At the end of Fiscal 2016, the Natural Resources Portfolio consisted of nine direct investments, valued at C$1.4 billion. To date in Fiscal 2017, the Natural Resources group has announced C$4.1 billion of transactions in: Crestone Peak Resources LLC, Wolf Infrastructure Inc., Teine Energy Ltd., and LongPoint Minerals, LLC.

About Canada Pension Plan Investment Board

Canada Pension Plan Investment Board (CPPIB) is a professional investment management organization that invests the funds not needed by the Canada Pension Plan (CPP) to pay current benefits on behalf of 19 million contributors and beneficiaries. In order to build a diversified portfolio of CPP assets, CPPIB invests in public equities, private equities, real estate, infrastructure and fixed income instruments.

Headquartered in Toronto, with offices in Hong Kong, London, Luxembourg, Mumbai, New York City and São Paulo, CPPIB is governed and managed independently of the Canada Pension Plan and at arm’s length from governments. At March 31, 2016, the CPP Fund totalled C$278.9 billion. For more information about CPPIB, please visit or follow us on LinkedIn or Twitter.

About The Broe Group

The Broe Group, with headquarters in Denver, Colorado, is a privately-owned diversified enterprise with a multi-billion dollar asset base. The organization owns and/or manage commercial real estate and other businesses across North America. Its transportation affiliate, OmniTRAX, Inc., is a leading transportation services firm with railroad, port and terminal operations, and is the 2nd largest operator of short-line railroads in the U.S. OmniTRAX and Broe manage industrial hubs adjacent to affiliate rail operations including the Great Western Industrial Park in Northern Colorado and sites in Brownsville, Texas; Sand Springs, Oklahoma; Decatur, Illinois and Savannah, Georgia. Its energy affiliate, Great Western Oil & Gas Company, is a top 10 driller in Colorado and among the top 100 drillers in the U.S. The Broe Group has several other investment affiliates, including Three Leaf Ventures, which is focused on innovative healthcare technology start-ups. For more information, see

For further information, please contact:



Mei Mavin

Director, Corporate Communications

+44 20 3205 3515


Dan Madge

Senior Manager, Media Relations T: +1 416 868 8629

The Broe Group Ronald  Margulis  T: +1 908 337 0020