Greenwood Plaza. Picture courtesy of Cushman & Wakefield
Kaiser Permanente has prolonged its lease at Franklin Road Properties’ Greenwood Plaza, a 197,528-square-foot workplace campus in Eaglewood, Colo. Cushman & Wakefield brokered the 120,979-square-foot settlement on behalf of the owner, whereas JLL represented the tenant.
Located on greater than 8 acres at 6550 and 6560 Greenwood Plaza Blvd., the workplace complicated encompasses two buildings of three and 5 tales, respectively. Franklin Road acquired the Class A asset in 2005 for $44 million, in keeping with CommercialEdge data.
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Kaiser has been anchoring the workplace campus since 2013, the identical knowledge supplier exhibits. AT&T and Shiny Horizons even have leases on the property.
Greenwood Plaza is close to the Village Middle Mild Rail Station and Interstate 25, being surrounded by quite a lot of retail and eating locations. Downtown Denver is a few 13 miles northwest.
Cushman & Wakefield Managing Administrators Ryan Stout and Nathan Bradley, together with Director Zachary Williams and Affiliate Dealer Kiley Crews, brokered the transaction on behalf of Franklin Road. JLL Govt Vice President Patrick Bolick and Vice President Kurt Liss represented the tenant within the lease renewal.
Denver workplace emptiness fee hits report excessive
The outstanding workplace markets within the Western area noticed a notable surge in emptiness charges, in keeping with a latest CommercialEdge report. This may be attributed to the substantial presence of tech firms and the prevalence of distant work.
In Denver, a market the place 27.5 % of staff are working remotely, the workplace emptiness fee reached 20.2 % as of Could, report knowledge exhibits. The index recorded a 3 % enhance year-over-year, making it the best emptiness fee within the area and the third highest nationwide.
