DPC Development Company

What DPC Development Company does

DPC Development Company is a privately held, Colorado-based commercial real estate investment and development firm founded in 1987 (some material references 1986). The company is headquartered at 5675 DTC Boulevard in Greenwood Village, CO, operates as DPC Companies across the Rocky Mountain region and Arizona, and is led by President & CEO Christopher R. King, who has overseen acquisitions, developments, and projects exceeding $2.0 billion across land development, office, retail, and industrial buildings during his 35-plus year career. DPC's operating model spans the full commercial real estate lifecycle: market-driven acquisition of office, industrial, retail, and mixed-use assets; value-add redevelopment of undermanaged properties; ground-up development (most notably Chandler Innovation Park, a 327,776 SF industrial project breaking ground in 2025); in-house construction management; third-party property management (covering 3.5 million+ square feet); and direct leasing services. The firm also operates a secure investor portal for limited partners and co-invests its own capital alongside institutional partners, with disclosed JVs including partnerships with Rockwood Capital LLC (4601 DTC, Park at San Tan), Bridge Investment Group (Denver West Business Park), Ogilvie Partners (Englewood CityCenter), and Confluent Development (HUB 317). Total portfolio spans 4.4 million+ square feet including over 1.1 million square feet in Arizona, organized across Office (One Cherry, Carrara Place, 400 South Colorado, 4601 DTC, Park at San Tan, 5675 DTC), Retail (Block 7000, Englewood CityCenter), and Industrial (Pearl Storage, Chandler Innovation Park, Bijou Industrial) product categories. Revenue is generated primarily through rental income from owned properties, recurring property management fees on managed accounts, transaction-driven gains on acquired-and-repositioned assets, and developer fees on ground-up and redevelopment projects, with pricing and deal terms negotiated individually and not publicly disclosed. The firm employs approximately 17 people across leadership, investment, acquisitions, operations, accounting, property management, and building engineering functions, and was named DPC's Chief Investment Officer Justin Lutgen in 2020 to lead acquisition and disposition activity.

Name

DPC Development Company

Legal name

DPC Development Company

Website

https://dpccompanies.com

Company type

Private

Founded year

1987

Operating status

Operating

Headcount range

11–50 employees

Short description

DPC Development Company is a privately held Colorado-based commercial real estate firm that acquires, develops, redevelops, and manages office, industrial, retail, and mixed-use properties across the Rocky Mountain region and Arizona, serving institutional capital partners, commercial tenants, and operating partners with an integrated acquisition-to-property-management platform.

Ownership category

akta.pro rank

Headquarters

HQ city

Englewood

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Supply Chain, Marketing or Sales

Revenue model

1. Commercial Real Estate Rental Income: DPC generates revenue through ownership and leasing of commercial properties including office, retail, and industrial buildings. Rental income is derived from long-term and short-term tenant leases across the portfolio.
2. Property Management Services: DPC provides property management services to its portfolio accounts, managing over 3.5 million square feet of commercial properties with in-house building engineers, management personnel, and accounting capabilities.
3. Real Estate Development and Value Enhancement: Revenue generated through development projects, redevelopment of existing assets, and value-add improvements to acquired properties before sale or lease-up.
4. Property Acquisition and Disposition: DPC acquires commercial properties at strategic points and dispositions them after value creation, including major acquisitions like Park at San Tan for $65M and Denver West Business Park for $143.65M.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

DPC Development Company is a privately held commercial real estate investment and development firm that acquires, develops, leases, and manages office, retail, industrial, and mixed-use properties across the Rocky Mountain region and Arizona. The company owns and develops over 2.5 million square feet of commercial space and provides property management services covering more than 3.5 million square feet through an integrated division with in-house building engineers, management personnel, and accounting capabilities. DPC invests its own capital alongside institutional partners in joint ventures such as those with Rockwood Capital LLC, Ogilvie Partners, and Bridge Investment Group.

Product overview

DPC Development Company is a privately held, Colorado-based commercial real estate investment and development firm offering a comprehensive suite of services. The company's portfolio consists of individual property offerings across three main categories: Office Properties (including One Cherry, Carrara Place, 400 South Colorado, 4601 DTC, Park at San Tan, and 5675 DTC), Industrial Properties (Pearl Storage, Chandler Innovation Park, and Bijou Industrial), and Retail Properties (Block 7000 Retail and Englewood CityCenter). Core services include Real Estate Acquisition, Development Services, Construction Management, Property Management (managing over 3.5 million square feet), and Leasing. The company also provides an Investor Portal for portfolio access. DPC operates as a unified platform with in-house capabilities across the entire real estate investment lifecycle from acquisition through property management and disposition, serving the Rocky Mountain region and Arizona markets since 1987.

Differentiator

Problem solved

Functional benefit

Products and services

• One Cherry One Cherry is a 156,397 SF, 11-story office building in Glendale, CO built in 1985. DPC acquired the property in 2015, renovated lobbies, restrooms, outdoor plaza, and added a workout facility with locker rooms. Currently 92% leased.
• Carrara Place Carrara Place is a 238,034 SF, 4-story Class A office building in Greenwood Village, CO featuring an Italian Carrara marble exterior facade, an open atrium design with a 4-story lobby water feature, and a rare two-level subterranean parking garage. DPC acquired the property in 2016 and restored its market-leading position.
• 400 South Colorado 400 South Colorado is a 122,788 SF, 9-story office building in Denver, CO built in 1985, located at the corner of Colorado and Alameda near Cherry Creek. DPC acquired the property in July 2019 and invested in lobby redesign, corridor upgrades, spec suites, and first-floor retail/restaurant space.
• 4601 DTC 4601 DTC is a 249,449 SF, 10-story office building in the Denver Tech Center, acquired in March 2020 in partnership with Rockwood Capital LLC, in which DPC serves as operating partner. The property features a grab-and-go lunch kiosk, lounge, outdoor leisure area, and convenient access to I-25, I-225, and Belleview Station light rail.
• Park at San Tan Park at San Tan is a 217,345 SF, 5-story Class A office building in Chandler, AZ with an additional 19,888 SF retail center amenity on site. DPC partnered with Rockwood Capital to acquire the property in December 2020 for $65 million and handles all property management and leasing duties.
• 5675 DTC (Atrium Plaza) 5675 DTC (Atrium Plaza) is a 52,400 SF office property in Greenwood Village, CO within the Denver Tech Center, acquired by DPC in July 2024 as the company's new corporate headquarters. The property features Class A finishes and modern amenities and was fully occupied upon acquisition.
• Block 7000 Retail Block 7000 Retail is a 156,480 SF mixed-use retail and office center in Paradise Valley/Scottsdale, AZ. DPC rehabilitated the facades, created outdoor community space, and repositioned the property from a neglected shopping center into a Class A mixed-use project with walkability and contemporary architecture.
• Englewood CityCenter Englewood CityCenter is a 220,000 SF mixed-use project in Englewood, CO featuring office and retail components, acquired in December 2024 in joint venture with Ogilvie Partners as part of the City of Englewood's master redevelopment plan adjacent to RTD light rail stations. The site was originally Cinderella City Mall (opened 1968) and is being redeveloped into a community hub.
• Pearl Storage Pearl Storage is a 6.5 acre, 960-unit self-storage facility located in Boulder, Colorado featuring 89,688 SF of self-storage, three warehouse buildings with climate-controlled units, and unit sizes ranging from 5'x4' to 8'x40'. The property sits within an Opportunity Zone and has future redevelopment potential for multi-family, life sciences, or mixed uses.
• Chandler Innovation Park Chandler Innovation Park is a 327,776 SF state-of-the-art industrial development in Chandler, AZ featuring three Class A buildings (39,000-190,000 SF each) with 28'-32' clear heights, dock-high and drive-in loading, designed for technology, manufacturing, and advanced industrial users, with delivery scheduled for Q2 2026.
• Bijou Industrial Bijou Industrial is a 29,223 SF free-standing industrial building on 3.3 acres in Colorado Springs' central industrial corridor along Platte Avenue. The property is being redeveloped into modern small-bay industrial space with 16-foot clear heights, flexible tenant spaces, and proximity to Highway 24, Colorado Springs Airport, and Peterson Air Force Base.
• Property Management Services DPC provides property management services to over 3.5 million square feet through an integrated division with on-site building engineers, in-house management personnel, and sophisticated accounting and budgeting tools. Services include tenant relations, project budgeting, capital improvements, and leasing.
• Real Estate Acquisition Services DPC's acquisition philosophy involves thorough market research, due diligence, and understanding of historic market trends, market futures, and market demands. The company has been acquiring commercial real estate since 1986 with a focus on identifying opportunities advantageous for all parties involved.
• Development Services DPC Development has been actively developing commercial real estate for over three decades, focusing on strategic sites with maximum visibility in desirable locations. The company rebrands and reassembles projects to maximize market desirability using an extended team of market strategists and design specialists.
• Construction Management DPC offers construction management services as part of its full-service real estate capabilities, managing development phases involving architects, engineers, and contractors.
• Leasing Services DPC provides leasing services for its portfolio of office, industrial, and retail properties across the Rocky Mountain region.
• Investor Portal A password-protected portal for investors to access portfolio information, documents, and investment details.

Quantifiable outcome

• Successfully acquired, developed, and overseen projects exceeding $2.0 billion in Land Development, Office, Retail and Industrial buildings
• +2 more outcomes

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Ogilvie PartnerscoreStrategic or Co-development Partner · 1 December 2024DPC Development and Ogilvie Partners entered a joint venture to acquire the 220,000 square foot Englewood CityCenter mixed-use project in December 2024. This acquisition is a cornerstone of the City of Englewood's master redevelopment plan, working closely with the City of Englewood to transform the area into a bustling community hub featuring high-density multifamily housing, open spaces, and pedestrian-friendly zones.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Confluent Development: Denver-based commercial real estate developer focused on industrial, office, and mixed-use projects across Colorado and the Southwest. Direct peer — DPC and Confluent Development have already partnered on Class A industrial development (HUB 317 distribution center, 2021) and compete for similar institutional capital and tenants in the same submarkets.
• McWhinney: Northern Colorado-headquartered commercial and mixed-use real estate developer and operator. Direct peer — operates a comparable full-stack model of acquisition, development, and property management in the same Rocky Mountain region, targeting similar office, retail, industrial, and master-planned mixed-use assets.
• Koelbel & Company: Denver-based, multi-generational private commercial real estate investment and development firm. Direct peer — long-standing Colorado operator with a comparable institutional JV model and similar exposure to office, retail, and mixed-use projects in the Denver metro.
• W.W. Reynolds Companies: Colorado-based private real estate investment, development, and management firm. Direct peer — competes for similar mid-market office, retail, and industrial opportunities in Colorado and the broader Rocky Mountain region with a comparable family-controlled ownership structure.

Regional players

• Schnitzer West: Pacific Northwest-headquartered commercial real estate developer specializing in office and mixed-use projects. Regional peer — comparable product mix (Class A office, mixed-use repositioning) and institutional JV model, but operating primarily in Seattle/Bellevue rather than the Rocky Mountain region.

Broad incumbents

• Lincoln Property Company: National commercial real estate developer, owner, and property manager with deep institutional capital relationships. Broad incumbent — competes for similar institutional JV capital and operates an integrated development + property management platform, but at materially larger national scale than DPC.
• Trammell Crow Company: One of the largest U.S. commercial real estate developers, owned by CBRE Group. Broad incumbent — active in the same office, industrial, and mixed-use product types across major U.S. markets, with substantially greater scale, capital access, and national geographic reach than DPC.
• Crow Holdings: Dallas-based national commercial real estate investment, development, and operating company. Broad incumbent — competes for institutional capital partners in the same asset classes and applies a comparable vertically integrated operating model, though at substantially larger AUM and geographic scope.
• JLL: Global commercial real estate services and investment firm offering investment sales, leasing, property management, and capital markets advisory. Broad incumbent — adjacent rather than identical business model, but competes with DPC for institutional capital and large tenant relationships across overlapping geographies.
• CBRE Group: World's largest commercial real estate services firm with investment management and development arms (including Trammell Crow). Broad incumbent — competes for institutional capital, tenants, and operating partnerships across all of DPC's product types and geographies at global scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about DPC Development Company