July 28, 2014 10:46 AM ET

Real Estate Management and Development

Company Overview of Westfield Company Inc.

Company Overview

Westfield Company Inc. owns, develops, and manages real estate properties. It develops commercial and multifamily properties, including office buildings, office parks, CBD Offices, retail centers, town centers, warehouses, apartments, corporate headquarters, and master planned developments, as well as built-to-suit, transit-oriented, mixed use, and industrial properties. The company also offers programming, financing, deal structure, land acquisition, entitlements, design, permitting/construction, tenant finish, and closeout services. Westfield Company Inc. is based in Denver, Colorado with operations in the Mountain West; and Phoenix, Arizona.

1800 Larimer Street

Suite 1800

Denver, CO 80202

United States

Phone:

303-298-1111

Key Executives for Westfield Company Inc.

Chief Executive Officer and President
Age: 68
Chief Financial Officer
Chief Operating Officer
Managing Director of Investments
Chief Investment Officer
Age: 61
Compensation as of Fiscal Year 2014.

Westfield Company Inc. Key Developments

Westfield Company Inc. Announces Expansion Plans

Westfield Company Inc. bought one local medical building and plans to construct three more, while also eyeing development of retail space. The company plans to construct a 30,000- to 40,000-square-foot medical building west of the former Rocky Mountain Cancer Center building. The company hopes to begin construction in the second half of the year, with completion in 2014. The company also plans construction of a pair of approximately 45,000-square-foot medical buildings on 6 acres it bought two years ago east of the St. Francis Medical Center, at Powers Boulevard and Woodmen Road on the city's northeast side. The company hopes to start construction on one of the buildings this year but is aiming to have it 25% to 40% pre-leased before work begins. The company is looking to spend upward of $28.6 million on the three buildings, based on its construction cost of about $220 per square foot. The company also is looking to develop 4 more acres near St. Francis Medical Center, facing Woodmen Road, as retail space. The company has sold a site to Abba Eye Care.

Westfield Eyes Acquisitions

Westfield Company Inc. intends to make acquisitions. Randy Schwartz, the company's Chief Operating Officer stated that Westfield is continuing to look to acquire general office and medical space in the springs.

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