LOUISVILLE - Medtronic Navigation Inc. has leased 40,657 square feet of space at 1480 Arthur Ave. in the Colorado Technology Center in Louisville.

Medtronic Navigation is a division of medical device-maker Medtronic Inc. (Nasdaq: MDT), based in Minneapolis. It has three locations in Colorado, with operations in Denver, Parker and the Coal Creek Business Park in Louisville.

The lease at 1480 Arthur, which will be used primarily as a production facility, will allow the company to expand its presence in the area, according to Ryan Good, vice president for leasing/sales of Etkin-Johnson Group, who negotiated the transaction with Todd Wheeler of Cushman & Wakefield in Denver, who represented Medtronic.

Medtronic plans to move into the space in July, which is part of a 92,576-square-foot office/flex building built and owned by Denver-based Etkin-Johnson Group.