Denver Centerpoint One 3900 East Mexico Avenue Denver, Colorado 80210 December 18, 2012
PREPARED FOR
UNICO PROPERTIES Jim Rock, Senior Vice President, Leasing Dan Preisler, General Manager of Denver, CO and Salt Lake City, UT Andrew Cox, Asset Manager/ General Manager Ned Carner, Director of Acquisitions
PREPARED BY Stockton Baker, Senior Vice President William B. Lucas, Senior Vice President Brian Hutt, Broker Associate
Table of Contents 1 Company & Team Overview 2 Team Experience 3 Building Physical & Image Changes 4 Property Analysis 5 Market Analysis / Pricing / Competition / Strategy 6 Leasing Strategies 7 Marketing Plan & Promotional Strategies 8 Competing Office Buildings 9 Broker Promotional Strategies 10 Why Hire Cassidy Turley Colorado?
th London-based ip.
affiliated with Cassidy Turley in February 2011. into Founded Four original partner firms consolidated ownership structures one 2000. company. This new structure allowed all of the partner firms to benefit from the combined size, scale, shared resources and best practices of each firm.
940 brokers
Cassidy Turley Today ∙ Colliers Turley Martin Tucker - Founded 1926, 8 Central U.S. Markets Cassidy Turley is a May 2010 ∙ Cassidy & Pinkard Colliers - Founded 1981, Washington, DC leading commercial real Colliers Harry K. Moore of Louisville, KY became affiliated with estate services provider. Colliers - Founded 1922, Baltimore, MD, Charlotte & Raleigh, NC Cassidy Turley on ∙May 13, Pinkard 2010. Founded 1948.
Company Overview
April 2010 Former Colliers Barry of Milwaukee, WI became affiliated with Cassidy Turley on April 15, 2010. Founded 1920. Services Graphic CPS (formerly affiliated with CORFAC International) of Santa Clara, CA became affiliated with Cassidy Turley on April 23, 2010. Founded 1977.
Cassidy Turley Offices Cassidy Turley Offices:
Comprehensive Commercial Real Estate Services Full Service Firm A Full Service CRE Firm:
2010 ssidy Turley Brand Officially Launched on March 1, 2010
nvestment affiliate ocations t 1 of 2 locations
25,700 managed client locations
March 2010 The Cassidy Turley Brand Officially Launched on March 1, 2010
PS (formerly affiliated with CORFAC International) of Santa Clara, CA came affiliated with Cassidy Turley on April 23, 2010. Founded 1977.
er, VA k, CA DC
430 million sf managed portfolio $17 billion in transaction volume in 2010
∙ Colliers ABR - Founded 1978, New York, NY pril 2010 rmer Colliers Barry of Milwaukee, WI became affiliated with Cassidy rley on April 15, 2010. Founded 1920.
CA , CA CA NJ MO T
Atlanta, GA a Oklahoma City, OK b San Rafael, CA Detroit, MI b b Austin, TX Denver, CO Otay Mesa, CA Santa Clara, CA Denver Tech, CO Palo Alto, CA Baltimore, MD Santa Rosa, CA El Cajon, CA Parsippany, NJ Baton Rouge, LA b Somerset, NJ Fort Collins, CO Phoenix, AZ Bethesda, MD St. Louis, MO c Houston, TX (2) Pleasanton, CA Burlingame, CA Stamford, CT Cassidy professionals Atlanta, GA a Turley is a national team Dayton,of OHcommercial real estate Oklahoma City, OK b with a proven San Rafael, CA b NC Capitola, CAof delivering superior Indianapolis, IN our clients. Raleigh, Teaneck, NJ CA Austin, TXrecord Denver, CO Otayare Mesa, CA Santa Clara, track results for We dedicated to consistently b Baltimore, MD Detroit, MI Palo Alto, CA Santa Rosa, CA VA Redwood City, CA Carlsbad, CA Kansas City, MO Tysons Corner, providing solutions that are creative, cost-effective and responsive to our clients’ specific Baton Rouge, LA b El Cajon, CA Parsippany, NJ Somerset, NJ b Rochester, NYare a trusted Walnut Creek, CA Charlotte, Louisville, KY business performance. real estate NC needs, while supporting overall We Bethesda, MD Fort Collins, CO Phoenix, AZ St. Louis, MO c c Chicago, IL advocate, (2) Milwaukee, Sacramento, CA Washington, cWI (2) partner supporting our clients’ long-term success by CA leveraging industry Boston, MA and Houston, TX (2) Pleasanton, Stamford, CT DC Cincinnati, OH Minneapolis, MN knowledgeSalinas, CA commercial real a Hotel Burlingame, CA Raleigh, NC Teaneck, NJinvestment affiliate insight, world-class expertiseIndianapolis, and localINmarket to provide AG - hotel b b Capitola, CA Kansas City, MO Redwood City, CA Tysons Corner, VA Limited service locations Columbia, MD Monterey, CA San Antonio, TX estate investors and occupiers with comprehensive services around the globe. c Limited service at 1CA of 2 locations Carlsbad, CA Louisville, KY Rochester, NY b Walnut Creek, Columbus, OH Nashville, TNc San Diego, CA (2) Charlotte, NC Milwaukee, WI (2) Sacramento, CA Washington, DC Dallas, TXc (2) c New York,MN NY San Francisco, CA Australia Finland Italy Russia Chicago, IL (2) Minneapolis, Salinas, CA Hotel AG - hotel investment affiliate b Oakland, Jose, CA Dayton, Cincinnati, OHOH Monterey, CA CA San Antonio, TXSweden Austria Germany Lithuania San Limited service locations a
b c
Columbia, MD Belgium Columbus, OH China Dallas, TX (2) c
26
Tenant Representation
Property IntegratedManagement Services
Austria Belgium China Cyprus Denmark Estonia
business performance. We are a trusted partner and advocate, supporting our clients’ long-term success by leveraging industry insight, world-class expertise
Italy Lithuania Netherlands New Zealand Poland Portugal Romania
Manage Space
Project Management Australia %FWFMPQNFOU 4FSWJDFT
dedicated to consistently providing solutions that are creative, cost-effective and responsive to our clients’ specific real estate needs, while supporting overall
Finland Germany Greece Hong Kong Hungary India Ireland
Russia Sweden Switzerland United Kingdom
Manage Space Property Management Facilities Management Property Administration
Find Space
Capital Markets Corporate Services
• Debt & EquityLeasing Financing
& Subleasing
Sustainability Services • Sales &Italy Acquisitions Finland Owner-Occupier SalesRussia Investor Services Germany Lithuania Investment Sales Sweden Greece Netherlands Switzerland Office | Industrial | Retail | Land | Multi-family Hong Kong New Zealand United Kingdom Hungary Poland Finance & Structure India Portugal Capital Markets Ireland Romania
Cassidy Turley by the Numbers t %FCU &RVJUZ 'JOBODJOH t 4BMFT "DRVJTJUJPOT
Limited service at 1 of 2 locations
and local market knowledge to provide commercial real estate investors and occupiers with comprehensive services around the globe.
Find Space Tenant Representation Site Selection Owner-Occupier Acquisitions
Cassidy TurleySite is aSelection national team of commercial real estate professionals with a proven Facilities Management Market Research Build Space Market Space track record of delivering superior results for our clients. Corporate Services We are dedicated to consistently Owner-Occupier Acquisitions Project Management Property Administration Leasing & Subleasing Sustainability Services providing solutions that are creative, cost-effective and responsive to our clients’ specific Development Services Owner-Occupier Sales Investor Services Investment Sales real estate needs, while supporting overall business performance. We are a trusted partner and advocate, supporting our clients’ long-term success by leveraging industry Integrated Services insight, world-class expertise and local market knowledge to provide commercial real Market Research Finance & Structure estate investors and occupiers with comprehensive services Build Space Market around Spacethe globe.
Nashville, TN Greece NetherlandsSan Diego, CA (2) Switzerland New York, NY San Francisco, CA HongOakland, Kong CA New Zealand United Kingdom San Jose, CA Cyprus Hungary Poland Denmark India Portugal Cassidy Turley is a national team of commercial real estate professionals with a proven track record of delivering superior results for our clients. We are Estonia Ireland Romania
Australia Austria Belgium China Cyprus Denmark Estonia
estate services provider.
Cassidy Turley on May 13, 2010. Founded 1948.
Cassidy Turley is a leading commercial real estate services provider. Office
|
¡¡ 60 offices Industrial | Retail
|
Land
|
Multi-family
¡¡ 3,600 professionals ¡¡ 900 brokers ¡¡ 455 million sf managed portfolio ¡¡ 28,000 managed client locations ¡¡ $22
billion in transaction volume in 2011
Page 3
Team Overview
Suburban Prospecting
Cherry Creek & Midtown
Leader of Direct Tenant Promotion
Top 75 Broker Contact
Prospecting
South Colorado Boulevard Prospecting
Name Bill Lucas Title Senior Vice President Experience 25 Years
Stockton Baker Senior Vice President 25 Years
Brian Hutt Broker Associate 2 Years
Republic Plaza - 1.3 million sf 1225 17th Street - 660,000 sf US Bank Tower - 588,000 sf 1125 17th Street - 499,957 sf Civic Center Plaza - 585,950 sf Colorado Center - 240,000 sf Diamond Hill - 310,000 sf The Chancery Building - 218,000 sf 18th Street Atrium - 125,000 sf 1660 Wynkoop - 66,000 sf Denver Union Station - 60,000 sf Denver Corporate Center II & III - 390,000 sf Hudson’s Bay - 175,000 sf Lawrence Street Center - 175,000 sf Minoru Yasui Plaza - 135,000 sf 600 Grant Street - 120,000 sf
201 Columbine - 39,579 sf Cherry Creek Park - 26,647 sf Cherry Tower - 223,00 sf Madison Square II - 130,000 sf Wells Fargo Mutual - 125,000 sf Steele Park - 100,00 sf Columbine Plaza - 100,00 sf 100 Fillmore - 71,000 sf Nine Flags - 71,000 sf Cherry Creek Centre - 47,095 sf 36 Steele - 14,493 sf Aures - 14,000 sf 215 St. Paul - 10,000 sf 240 St. Paul - 25,000 sf
Petroleum Building - 171,479 sf Clear Creek Office Center - 77,000 sf Mission Trace - 87,000 sf 155 South Madison - 6 Forum at Cherry Creek
Notable Clients
Brookfield Properties MetLife John Hancock JP Morgan LaSalle Investment Management Sun Microsystems Colorado State Land Board Morgan Stanley Sybase
Colorado State Land Board Westcore Properties Colorado Trust 5280 Magazine Heller Financial Zeff Promotions Hyder Development National Jewish Health Rose Foundation
Ogilvie Properties Borst Company
Notable Deals
EnCana Oil & Gas - 452,000 sf DCP Midstream - 170,000 sf Xcel Energy - 110,000 sf Marsh - 65,000 sf Ballard Spahr - 35,000 sf Venoco - 56,000 sf IBM - 85,000 sf National Demographics & Lifestyles - 75,000 sf Chase Bank - 125,000 sf US Bank - 145,000 sf US Attorney - 65,000 sf Molson Coors - 48,000 sf
Fidelity Exploration - 85,000 sf WJ Bradley - 35,000 sf National Jewish Hospital - 35,000 sf Rose Foundation - 15,000 sf Hanson & Company - 12,000 sf MCI - 104,000 sf Titanium Metals - 20,000 sf First American Heritage - 35,000 sf Karsh & Hugen - 26,000 sf Preston Reynolds - 12,800 sf Laventhal, Brown & Puga - 15,200 sf Norwest Applied Hydrology - 15,000 sf 5675 DTC Parkway - 65,000 sf DDC - 24,000 sf
Multiple Transactions under 10,000 sf
University of Denver, BA
The College of William and Mary, BA Finance
National Sports Center for the Disabled, Volunteer (15 years)
Gold Crown Foundation Wheat Ridge Youth Basketball Denver Montc talair International School Basketball Coach
Notable Listing Experience
Education University of Colorado, BA Economics
NAIOP Board MS Society Board
Community St. Vincent de Paul School Basketball, Coach Denver Civic Ventures, Board Member
Team Experience Past Southeast Listing Experience
Institutional Owner Experience
• • • • • • • •
Denver Centerpoint I Belcaro Place 100 Fillmore 158 Fillmore 50 S. Steele 101 University 280 Clayton 3003 E. 1st Ave
• Republic Plaza 1.2 million SF Brookfield Properties
• • • • • • • •
180 Cook 222 Milwaukee 240 St. Paul 36 Steele 56 Steele 48 Steele 215 St. Paul 3600 E. Alameda
• 17th Street Plaza 660,000 SF J.P. Morgan • 1125 17th Street 480,000 SF MetLife • • • •
Colorado Center Diamond Hill Office Complex 600 Grant Street 303 West Colfax
• 360 S. Monroe
Current Southeast Market Listings Stockton Baker Belcaro Place, 3801 East Florida 950 S. Cherry Street
Bottom Line We have no conflicts. We know how to sell Denver Centerpoint I, the South Colorado Boulevard market with all of its unique benefits and advantages.
Entrepreneurial Ownership Experience • Hudson’s Bay Centre 16th Street and Stout Street 173,155 SF Marleborough Properties • Colorado Center Tower 1 2000 South Colorado Boulevard 179,000 SF VRG • Diamond Hill Office Complex Speer Boulevard at I-25 4 Buildings - 360,000 SF BGK
Re-Branding and Renovated Building Experience • 18th Street Atrium 125,000 RSF Converted Warehouse to Office • 303 W. Colfax Avenue 134,909 RSF Converted Hotel to Office Space • US Bank Tower 475,000 RSF Renovated Class C Office Tower to Class A Office spaced located on back side of Sheridan Hotel • 1515 Cleveland Place 48,879 RSF • Petroleum Building 171,479 RSF Renovated Class C Building to LEED Certified Class B Building
Bottom Line
Bottom Line
We know how to represent institutional and entrepreneurial owners to maximize building value.
We know how to market and successfully re-brand renovated buildings; crafting and telling the story to convey the vision needed to secure lease commitments.
Building Physical & Image Changes
Building Physical & Image Changes Visitor Parking • Eliminate gate and parking booth. Offer 2-3 hours of free visitor parking.
Building Entry • Upgrade lobby floral with more contemporary design. • Curbs at entry should be painted and clean.
Vacant Suites • Vacant suites should be clean, neat and tidy. Limit the storing of building materials in vacant suites.
Building Physical & Image Changes Amenities Building: • Athletic Facilitly • Common conference room for up to 40 to 50 Wet bar Stackable furniture Internet access TV monitor Card key access • Bike storage located below the building in the covered parking area; bike racks inside a locked bike cage. • Vending machine area • Smoking areaDesignate a smoking area on the upper patio deck.
Property Analysis Property Strengths & Selling Points ¡¡
¡¡
Ownership: Unico Properties has an extraordinary reputation managing successful real estate projects in varied market conditions in Metro Denver. Location/Infrastructure: Ideally positioned at I-25 and Colorado Boulevard, within walking distance to many shopping venues and retail amenities
¡¡
Iconic buildings; Denver landmarks.
¡¡
Outstanding mountain and city views
¡¡
Tenant signage opportunities
¡¡
Well run office building at competitive rates
¡¡
LEED certified?
Anticipated Property Objections ¡¡ Dated finishes ¡¡ Traffic congestion on Colorado
Boulevard ¡¡ Access issues ¡¡ Low ceiling heights ¡¡ Tight parking ¡¡ Dated lobby
Solutions ¡¡ Promote Unico’s building upgrades with architecture/design
renderings ¡¡ Show ease of RTD commute times and schedules ¡¡ Add bike storage in garage, and showers with lockers ¡¡ Highlight multiple access points to Denver Centerpoint I
while avoiding I-25; also point out left turn light at South Colorado Boulevard & East Mexico Ave. ¡¡ Highlight building views ¡¡ Building efficiencies and area amenities promote employee
morale and productivity ¡¡ Stand-alone building access to CBD, I-25 and DTC
Value Through Thoughtful Lease-up Solutions
Market Analysis / Pricing / Competition / Strategy Market Analysis • South Colorado Boulevard is best prospecting submarket for Denver Centerpoint I • East Hampden / Midtown / Colorado Boulevard tenants will be most receptive to Denver Centerpoint I • Best prospects by industry will include financial services, staffing services, family foundations, non-profits, business consulting, software, telecommunications, real estate and medical/dental offices • Decision makers most receptive to a presentation will most likely live in Cherry Hills, Belcaro, Bonnie Brae, Wellshire and Cory Merrell, or within three-mile radius
Competition • Centerra, Colorado Towers I & II, and Cherry Creek Corporate Center, and CenterPoint II • Tamarac Square, and DTC North and Broadway Station are a few of the buildings and locations outside of I-25 and Colorado Boulevard area that will compete with Denver Centerpoint I
Pricing & Spec Suites • South Colorado Boulevard competing proposals for new tenants will be at $18.50-$22.00 gross with $10-$30 in tenant improvements on a five-year term • Parking ratio is a disadvantage at Denver Centerpoint I. Cassidy Turley suggests not charging for visitor parking for first 2 hours until the asset has stabilized or discount pricing for the first 18 months of the lease term. Sell daily parking at $10.00 per vehicle. • Vacancies need to be strategically priced at the outset of marketing • Smaller spaces need to be painted and carpeted in spec suite condition; larger vacancies may need to be white boxed
Leasing Strategies Southeast Denver’s Newest Office Building Opportunities
Develop Comprehensive 3-Prong Marketing Campaign
1
Tenant Prospecting
Cold Calling Canvassing • In Person • Phone
Direct Mail • Decision Makers • Personal Contacts • Geographically Targeted
Southeast Denver, Midtown South Hampden and SE Suburban
2
Broker Promotion
Broker Incentives $$ In-Person Presentations One-on-One Meetings • Marketing Updates • eMail Blasts • Host Broker Sales Meetings at Belcaro Center
Constant Awareness • Unico’s Acquisitions • Building Amenities • Bike Storage, Conference Room, Showers and Lockers
3
Civic & Public Awareness
Economic Development Groups Metro Denver Chamber of Commerce Southeast Denver Chamber of Commerce
Promote Bike-Friendly Building & Other Amenities Showers and Lockers Bike Parking and Storage
Marketing Plan & Promotional Strategies Marketing & Promotional Collateral Mailers & Hand Deliverables
Print Ads Do you have views of this?
Walk to work, or bike?
Or this?
You can do either at the extraordinary Belcaro center.
New Price!
call to find out why the Belcaro center is your best new office building choice!
Who is Red Tail Acquisitions?
1515 Arapahoe Street, Suite 1200 Denver, CO 80202
1515 Arapahoe Street, Suite 1200 Denver, CO 80202
Smart enough to realize the potential of Belcaro Place
B elcaro
B elcaro
C E N T E R
C E N T E R
Parking?
The Belcaro Center
The Belcaro Center
3801 East Florida Avenue
Improve your commute time and save money.
• 8 stories of exceptional office space • Incredible mountain and city views • An 8,000 SF rooftop garden terrace • Unparalleled on-site tenant services and amenities
We’ve got you covered.
3801 East Florida Avenue • 8 stories of exceptional office space • Incredible mountain and city views • An 8,000 SF rooftop garden terrace • Unparalleled on-site tenant services and amenities
for more information, PleaSe contact
for more information, PleaSe contact
Bill Lucas
Stockton Baker
Tommy Fuge
Sr. Vice President 303-312-4239 wlucas@ctfuller.com
Sr. Vice President 303-312-4234 sbaker@ctfuller.com
Broker associate 303-312-4266 tfuge@ctfuller.com
Change your address to Belcaro Center, 3801 East Florida Avenue.
Virtual Tour
Doug Wulf
Bill Lucas
Stockton Baker
Sr. Vice President 303-312-4218 dwulf@ctfuller.com
Sr. Vice President 303-312-4239 wlucas@ctfuller.com
Sr. Vice President 303-312-4234 sbaker@ctfuller.com
Shouldn’t everyone at your firm have a covered parking space and a bike rack too? exceptional office space and covered parking availabilities at the Belcaro center.
Billboards
The statements contained herein, while not guaranteed, are from sources we believe reliable. Price, terms and information subject to change.
The statements contained herein, while not guaranteed, are from sources we believe reliable. Price, terms and information subject to change.
1515 Arapahoe Street, Suite 1200 Denver, CO 80202
B elcaro
Denver Centerpoint I & II
C E N T E R
The Belcaro Center
3801 East Florida Avenue
Who is Red Tail
• 8 stories of exceptional office space • Incredible mountain and city views • An 8,000 SF rooftop garden terrace • Unparalleled on-site tenant services and amenities
Acquisitions? Smart enough to realize the potential of Belcaro Place
for more information, PleaSe contact
Doug Wulf
Bill Lucas
Stockton Baker
Sr. Vice President 303-312-4218 dwulf@ctfuller.com
Sr. Vice President 303-312-4239 wlucas@ctfuller.com
Sr. Vice President 303-312-4234 sbaker@ctfuller.com
The statements contained herein, while not guaranteed, are from sources we believe reliable. Price, terms and information subject to change.
Don’t you wish you officed there?
Competing Office Buildings Colorado Blvd. & I-25 | Tenant Prospecting Attack TOWER COLORADO
CENTERRA
1720 S. Colorado Blvd.
1873 S. Bellaire
• • • •
• Rocky Mountain Radiologist 12,500 SF • Figg Engineering Group 6,500 SF • Bruce Peterson Financial Services 3,000 SF • Hiratsuka & Schmidt 6,500 SF
J. Herzog 8,000 SF Foley Publications 2,500 SF Boole Source 2,000 SF Brown & Locke Associates 3,000 SF
Colorado Tower I 2000 S. Colorado Blvd.
Colorado Tower II 2000 S. Colorado Blvd.
• Flood and Peterson Insurance, Inc. 7,633SF
• Chorney and Millard, LLP 2,804SF
• Integra Realty Resources 3,500SF
• Brown, Beradini and Dunning P.C. 9,482SF
• Trilogy Financial Services 7,142SF
• First Option Mortgage 5,216SF
• Fleishman and Shapiro P.C. 10,202SF
Competing Office Buildings Cherry Creek/Midtown | Tenant Prospecting Attack CHERRY CREEK CORP. CENTER
THE GALLERIA
4500 Cherry Creek Dr. South
720 S. Colorado Blvd.
7555 E. Hampden Ave.
695 S. Colorado Blvd.
• Maximum Business Services 15,000 SF
• Muscular Dystrophy Association 6,100 SF
• United States Potato Board 4,000 SF
• The Cambridge Group 4,000 SF
• Maximum Healthcare 2,700 SF
• iModercate 4,500 SF
• Western Sugar Cooperative 14,000 SF
• Harmony Healing Cherry Creek 1,500 SF
• Clinical Nutrient Center 340 SF
• Condit Scajaghy, LLC 1,000 SF
• Aspen University 3,900 SF
TAMARAC PLAZA I, II & III
• Turning Point Healthcare Advisors 2,500 SF • The Naybal Corporation 3,000 SF
EXPO COLORADO
• Reveal Inc. 2,530 SF
Broker Promotional Strategies 1
Unico will create a spec suite that doubles as a presentation room for the building. The room will have presentation boards featuring:
3
• Base building finishes • Renderings of proposed renovations and building enhancements
Denver Centerpoint I will feature a broker bike promotion give-away for completed deal based on size of deal. Brokers could earn a gift certificate to one of the respected bike stores in the area in addition to a real estate commission as follows:
• Features and benefits of Denver Centerpoint I
1,000 SF to 2,400 SF: $
• Maps featuring easy illustrations for highway access, and bike routes to and from Denver Centerpoint I
2,500 SF to 4,900 SF: $ 1,000.00
5,000 SF to 9,999 SF: $ 2,500.00
• Area amenities
2
Bike Promotion
Broker Breakfasts at Denver Centerpoint I • Major brokerage firms will be invited to Denver Centerpiont I for their sales meeting. Unico will provide Continental Breakfast • The Cassidy Turley leasing team will welcome the brokers, provide a building overview, and conduct private tours with specific brokers following their sales meeting • Give-aways and leave-behinds will be presented at the Broker Continental Breakfast, such as bike water bottles with “Denver Centerpoint I” and “Unico Properties” printed on the bottle • Other give-aways might include bike gear (e.g. socks, jersey, gloves, leg and arm warmers) that brand Denver Centerpoint I and Unico
4 5
10,000 SF or Greater:
500.00
$ 5,000.00
Event Sponsorship Unico might consider sponsoring the Research Riders Team which supports Children’s Hospital.
Select Print Advertising Unico might consider placing ads in smaller, key publications such as the neighborhood newspapers for: • Glendale and Cherry Creek Chronicle • Washington Park Profile • Belcaro - newsletter • Cory Merrill - newsletter • Hilltop - newsletter
6
Leasing Commission • Direct transaction Lease Term
Commission Fee
Lease Term
Year 1
$1.00/RSF
Year 6
Year 2
$1.00/RSF
Year 7
Year 3
$1.00/RSF
Year 8
Year 4
$1.00/RSF
Year 9
Year 5
$1.00/RSF
Year 10
• Co-op transaction Lease Term
Total Commission Rate
Cassidy Turley
Co-op Broker Fee
Year 1
$1.50/RSF
$0.50/RSF
$1.00/RSF
Year 2
$3.00/RSF
$1.00/RSF
$2.00/RSF
Year 3
$4.50/RSF
$1.50/RSF
$3.00/RSF
Year 4
$6.00/RSF
$2.00/RSF
$4.00/RSF
Year 5
$7.50/RSF
$2.50/RSF
$5.00/RSF
Year 6
$8.25/RSF
$2.75/RSF
$5.50/RSF
Year 7
$9.00/RSF
$3.00/RSF
$6.00/RSF
Year 8
$9.75/RSF
$3.25/RSF
$6.50/RSF
Year 9
$10.50/RSF
$3.50/RSF
$7.00/RSF
Year 10
$11.25/RSF
$3.75/RSF
$7.50/RSF
Why Hire Cassidy Turley Colorado? Why Hire Cassidy Turley Colorado? • 3-person team ensures needed coverage of tenants and brokers • Specific geographic prospecting coverage provides optimal chance of pre-lease success • No conflicts of interest in South Colorado Boulevard / I-25 Corridor • Our current listing base ensures we have up-to-the-minute leasing activity knowledge in the necessary multiple markets • Our cooperating broker relationships are second to none — we see deals because brokers like, respect and trust us • Experience with re-branding properties like Denver Centerpoint I • New perspective, new ideas, the new Denver Centerpoint I • A trusted partner to generate building value for Unico