JA to Sell National Headquarters
Junior Achievement will sell its national headquarters building in southwestern Colorado Springs. However, they plan to remain in the city in smaller offices, the nonprofit announced Tuesday. Search homes for sale in Flying Horse, Colorado Springs, CO here: www.rehava.com
The organization’s board voted March 10th to sell the building. It’s much larger than its 40 employees need, said Ed Grocholski. He is the senior vice president of brand and spokesman for Junior Achievement. The national nonprofit, which aims to prepare young people for business and financial success, moved its headquarters from Stamford, Conn., to its current location in 1987. At the time it employed 100 people and operated a training center and warehouse.
“We are now at a point where this is too large a space for what we are. When we moved to this building in 1987, that was before email and Zoom,” Grocholski said. “We have been working entirely remotely for the past year and not had a lot of persons working in the building, we still believe we need a physical presence for people to meet, for team building and maintaining our workplace culture. When we return to the office, we plan a hybrid work model with both remote and flexible schedule work.”
The El Paso County Assessor’s Office values the 35,000-square-foot building built in 1986 at One Education Way, adjacent to the Cheyenne Mountain Resort, at $5.03 million, though the office’s market value estimates generally are well below what properties could sell for when on the market. Grocholski said the nonprofit is hiring a commercial real estate agent to sell the building and find new offices, so the building isn’t yet on the market and no asking price has been set.
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