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3/03/17
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We’ve got two new leases to report at 1601 Wewatta, a Class A, 300k sf office building located in the Union Station Neighborhood of Lower Downtown (LoDo) Denver. The asset is owned by Hines, Jordon Perlmutter & Co. and institutional investors advised by J.P. Morgan Asset Management.
Agility Recovery, one of the leading providers of business continuity and disaster recovery solutions to organizations of all types, will occupy 36k sf. Also taking space at the property is an undisclosed big four accounting firm who has signed a long-term, 45k sf lease scheduled to begin in 2017.
With the addition of these two leases, the property is now 76% leased to a notable tenant roster including a top-tier law firm, a full-service athletic club and a revolutionary tech security firm, in addition to a gastro-pub and high-end sea food restaurant on the ground floor.
The building, designed by HOK's Washington, D.C. office, features an iconic design that sets a new architectural standard in LoDo. The 10-story building contains approximately 280k sf of office space and 20k sf of retail space.
1601 Wewatta features 10' finished ceilings, a large plaza acting as the gateway to the Union Station neighborhood and five outdoor terraces. The building's efficient floor plates, ranging in size from 29.4k sf to 38.1k sf, provide flexibility for multi-tenant or single-tenant users. The building was completed in September 2015.
Hines has been active in the Denver market since 1982 and currently owns 1.6 msf of office in the area and manages 3.1 msf. The firm developed 1515 Wynkoop, a mixed-use office and retail building in LoDo; Wells Fargo Center, a 50-story office tower in Denver's CBD; 4600 South Syracuse, a 13-story office building in the Denver Tech-Center; and Eos, a four-story, 186k sf office building located in Broomfield. Hines is also developing 1144 Fifteenth, a 40-story, 670k sf office tower next to the Four Seasons Hotel in Denver's CBD.
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