Ballard Spahr attorneys advised the Gates Corporation on the sale of a long-dormant 41-acre parcel to Frontier Renewal, a brownfield redeveloper, leading the way to redevelopment of the site. This prime location—near Denver’s light rail system—will be converted to commercial and residential use, making a positive impact on the City and County of Denver.

“The sale of the former Gates Rubber plant site was a highly complex transaction due to environmental sensitivities, but with the sale to Frontier Renewal, redevelopment plans for the area can finally get underway,” said Beverly J. Quail, who concentrates on all aspects of real estate matters, with an emphasis on financing and development.

“Environmental issues made the types of buyers interested in and able to buy the properties a smaller subset. There are not a lot of buyers willing to take on a property with known environment issues,” said Alicia B. Clark, who practices general real estate law, with a focus on financing, leasing, acquisitions, and dispositions.

The firm also handled a previous sale of the plant site and another property to Cherokee Denver in 2001, but its redevelopment efforts did not go forward, and ownership of the property reverted back to the Gates Corporation. Ballard Spahr has handled other transactions for the Gates Corporation, including the site of Gates’ former headquarters, and the lease in 2002 for its new corporate headquarters in downtown Denver.

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Real Estate
Real Estate Development and Complex Transactions