The Axis Tower is also home to tenants DPR Construction and Wells Fargo. (BusinessDen file)
York Space Systems is launching a new satellite in Greenwood Village.
It will come at 5613 DTC Parkway inside the Axis Tower in the form of a 7,100-square-foot office — the company’s sixth in the Denver metro, a York spokeswoman told BusinessDen. The aerospace company’s headquarters are also in Greenwood Village.
York Space Systems will have between five and 20 employees working in the office, which will support the business’s work on classified U.S. government missions.Â
The new space will open in early 2026.Â
“We evaluated multiple locations across the Denver metro area that could support the specialized infrastructure required for classified work. Greenwood Village offered the right mix of location, readiness, and security potential,” company spokeswoman Sarah Nickell said via email.Â
The company, founded in 2012, has three different satellite platforms that offer a wide range of uses, from intelligence, surveillance and reconnaissance to weather and communications. It has a 60,000-square-foot factory in town and can produce more than 1,000 satellites annually.Â
“We’re in the community – they’re in the community – it’s easy to align with folks that have the same principles and values that we do,” said Dean Koelbel of Koelbel & Co., the multigenerational Denver real estate firm that owns Axis Tower.
Koelbel & Co. purchased the 229,000-square-foot tower last summer at a steep discount. The building is approximately 80% leased.Â
Koelbel said his firm has so far spent about $700,000 making improvements, including lobby upgrades and adding 8,000 square feet of speculative suites, which are pre-built, turnkey office spaces. That’s on top of $12 million he said the previous owner spent on renovations between 2017 and 2019.
“I think with resetting the ownership post-COVID, that is one thing that brokers are now asking when they’re touring tenants, is can you pay for TIs (tenant improvements) and leasing commissions? And a lot of these brokers want to know when debts are maturing,” Koelbel added.
The Koelbels are active all around town. Last month, they proposed a new RiNo apartment tower. And in a few years, they’ll wrap up the development of Innovus, an office building for defense workers by the Buckley Space Force Base.
Correction:Â A previous version of this article incorrectly stated the location of York’s HQ.Â
The Axis Tower is also home to tenants DPR Construction and Wells Fargo. (BusinessDen file)
York Space Systems is launching a new satellite in Greenwood Village.
It will come at 5613 DTC Parkway inside the Axis Tower in the form of a 7,100-square-foot office — the company’s sixth in the Denver metro, a York spokeswoman told BusinessDen. The aerospace company’s headquarters are also in Greenwood Village.
York Space Systems will have between five and 20 employees working in the office, which will support the business’s work on classified U.S. government missions.Â
The new space will open in early 2026.Â
“We evaluated multiple locations across the Denver metro area that could support the specialized infrastructure required for classified work. Greenwood Village offered the right mix of location, readiness, and security potential,” company spokeswoman Sarah Nickell said via email.Â
The company, founded in 2012, has three different satellite platforms that offer a wide range of uses, from intelligence, surveillance and reconnaissance to weather and communications. It has a 60,000-square-foot factory in town and can produce more than 1,000 satellites annually.Â
“We’re in the community – they’re in the community – it’s easy to align with folks that have the same principles and values that we do,” said Dean Koelbel of Koelbel & Co., the multigenerational Denver real estate firm that owns Axis Tower.
Koelbel & Co. purchased the 229,000-square-foot tower last summer at a steep discount. The building is approximately 80% leased.Â
Koelbel said his firm has so far spent about $700,000 making improvements, including lobby upgrades and adding 8,000 square feet of speculative suites, which are pre-built, turnkey office spaces. That’s on top of $12 million he said the previous owner spent on renovations between 2017 and 2019.
“I think with resetting the ownership post-COVID, that is one thing that brokers are now asking when they’re touring tenants, is can you pay for TIs (tenant improvements) and leasing commissions? And a lot of these brokers want to know when debts are maturing,” Koelbel added.
The Koelbels are active all around town. Last month, they proposed a new RiNo apartment tower. And in a few years, they’ll wrap up the development of Innovus, an office building for defense workers by the Buckley Space Force Base.
Correction:Â A previous version of this article incorrectly stated the location of York’s HQ.Â
