Largest Downtown Denver Office Lease Signed in Over Three Years
Cassidy Turley Represents Building Owner in 151,331 Square Foot Lease with Bridgepoint Education
Denver – March 24, 2011 – Cassidy Turley Fuller Real Estate, Denver’s leading commercial real estate services provider, today announced a 10-year, 151,331 SF lease to Bridgepoint Education at Park Central in Downtown Denver.
Park Central, a 550,440-square-foot building, is a Class A business complex with three towers located in the central business district of Denver, Colorado. Park Central’s location on 1515 Arapahoe Street is immediately adjacent to the 16th Street Mall, a pedestrian and transit mall that is home to over 300 locally owned/chain stores, over 50 restaurants, and the Denver Pavilions.
“The new generation of workers that these companies are hiring is seeking out the vibrancy of urban areas; it’s certainly a trend we see today and probably for the foreseeable future,” commented Doug Wulf, Senior Vice President of Cassidy Turley Fuller Real Estate, who represented the building owners Walton Street Capital LLC and Means-Knaus Partners LP. “Large, high density employers traditionally have located in less costly suburban markets, but now are willing to pay higher rents to be in city centers with access to public transportation for their employees.” With this transaction, the building is now fully leased.
Lee Diamond and Ty Ritchie of CB Richard Ellis worked with Chris Hobson of Cassidy Turley BRE Commercial in San Diego to represent Bridgepoint Education. Doug Wulf and Robert Knisely of Cassidy Turley Fuller Real Estate represented the owners.
About Cassidy Turley
Cassidy Turley is a leading commercial real estate services provider with 3,000 professionals in 60 offices nationwide. The company represents a wide range of clients—from small businesses to Fortune 500 companies, from local non-profits to major institutions. The firm completed transactions valued at $17 billion in 2010, manages 430 million square feet on behalf of private, institutional and corporate clients and supports over 25,000 domestic corporate services locations. Cassidy Turley serves owners, investors and occupiers with a full spectrum of integrated commercial real estate services—including capital markets, tenant representation, corporate services, project leasing, property management, project and development services, and research and consulting. In 2010, the firm enhanced its global service delivery outside of North America through its partnership with GVA. Please visit http://www.cassidyturley.com for more information about Cassidy Turley.
Cassidy Turley provides regional real estate services with local Denver market leader Cassidy Turley Fuller Real Estate. With over 55 years of history within the Colorado real estate landscape, the company’s dominant presence includes almost 100 professionals and three offices serving Denver and the Front Range. The firm manages over 7 million square feet of office, retail, multi-family and industrial space, lists more commercial real estate than any other brokerage house in the Denver metro and sells more land than its competitors combined. For more information about Cassidy Turley Fuller Real Estate, please visit www.ctfuller.com.