ADDRESS
DENVER, COLORADO
Strengths
C OMPE TI TI VE SE T
Opportunities
▪ Building quality
▪ Sale or Lease flexibility
▪ Amenities - fitness, training, cafeteria, park-like
▪ Corporate identity
setting/landscaping
▪ Economics amongst competitive set (see Procalc runs)
▪ Floor plate
▪ JNL Renewal
▪ North DTC location at I-25 & I-225
▪ Collaborative workspace (1st floor)
▪ Class A office complex with Denver address
▪ PivotDesk, Field Nation, Shift Boutique
▪ Quality corporate image
Workspace, Uncubed
SITE
▪ Capital improvements
5
3
4 1
Belleview Ave
Threats
Weaknesses ▪ Access
▪ Large block competition
▪ Pending vacancy
▪ Lack of walk-ability to transit
▪ Corporate relocations
▪ JNL occupancy through
▪ Lack of building signage
▪ Multi-tenant costs
remodel
13
8 2 10
Arapahoe Rd
6
Market strategy if JNL vacates:
▪ Multi-tenant capital plan for remainder space ▪ Hospitality lobby
Recommendations:
▪ Multi-tenant plan for building ▪ Market as full-building corporate headquarters for 6 months while JNL is still in occupancy ▪ Upon vacating the space, execute the multi-tenant capital plan if unsuccessful in securing single building user.
▪ Upgraded lobby, cafe, common areas ▪ Shaded area on back patio ▪ Food trucks ▪ Use of back of patio for entertainment
area.
URS Center Palazzo Verdi Stanford Place II One Belleview Station 4340 S. Monaco St. Village Center Station I (Sublease) Dry Creek Corporate Center III 5700 S. Quebec Atrium I (Comcast) Millennium Plaza Panorama Corporate Center III Park Meadows Corp Center II Quebec Court I Village Center DTC
185,256 312,049 366,184 318,000 118,266 233,958 92,356 134,680 134,790 336,773 132,600 70,273 134,680 600,000
174,187 77,000 143,382 296,006 118,226 94,305 92,356 134,680 134,790 336,773 132,600 70,273 134,680 600,000
$28.00 $35.00 $28.61 $37.00 $35.00 $31.00 $23.50 $14.50 $22.00 $23.00 $31.50 $23.50 $24.50 $35.00
14
7
County Line Rd
Jackson renewal/ downsize:
▪ Telecom split from data center to common
SF Gross Available Rate
11
B u i l d i n g St r a t e g y:
▪ Cafe
SF
9
Dry Creek Rd
▪ Collaborative workspace on 1st floor
1 2 3 4 5 6 7 8 9 10 11 12 13 14
Property
12
Full building Large contiguous block
Lincoln Property Company 2000 South Colorado Blvd Annex Suite 300 Denver CO 80222 • 303.893.1886
LINCOLN PROPERTY COMPANY National Presence. Local Focus. Services Lincoln Property Company is a thriving commercial real estate firm founded in 1965. Headquartered in Dallas, with a local office in Denver, we are situated to provide the best service with expansive resources. LPC Denver currently has 2.5 million square feet under current management and a portfolio of 19 industrial properties, 15 office properties, and 3 retail properties. • • • • • • •
Case Studies
C olora do C enter
Leasing and Marketing Services Property Management Construction Management Advisory Services LEED Consulting Development Services Tenant Representation
2000 S. C o lo rad o Bo u levard , D enver CO 80222 Property Size 625,000 SF Purchase Date January 2006 Client ASB Real Estate Investments Results • 65% leased to 96% leased in 18 months • Grew rents by 30% in 18 months • Received Energy Star ratings • Awarded LEED Gold certification in Tower II
C ha pa rra l B us ines s Pa rk
H ard ware Bl o c k
7265-7337 South Revere Parkway, Centennial, CO 80112 Property Size 146,175 SF Purchase Date 2007 Client Colony Realty Partners Results • Maintain occupancy levels upward of 92% • Numerous capital improvements in 2010 • Exceeded lease rate and occupancy expectations through economic downturn
1515-1527 Wazee Street, Denver, CO 80202 Property Size 51,191 SF Purchase Date January 2013 Client ASB Real Estate Investments Results • Acquisition in sought-after submarket (LoDo) • Recent renewal of full-floor tenant • Lobby renovation completed in 2014
Local Leadership
L incoln Office C enter at I nverne ss
Dr y C reek C orporate C enter 10700-10800 East Geddes Avenue, Englewood, CO 80112 Property Size 185,958 SF Purchase Date 2007 Client Colony Realty Partners Results • Awarded LEED Gold Status in 2010 • Implemented LPC proprietary work order system
365,367,369 Inverness Parkway, Englewood, CO 80112 Property Size 116,400 SF Purchase Date March 2002 Client Invesco Realty Advisors Results • Developed 3 Class-A office buildings • Leased 112,000 SF in 24 months •
Closest competitor: 15% occupied over same period
Recent Notable Transactions Office Scott Caldwell Senior Vice President 303.226.8205 scaldwell@lpc.com
Mark Homlish VP Office Brokerage 303.226.8207 mhomlish@lpc.com
Scott is from Northern California and moved to Colorado to attend school at the University of Colorado Boulder. He is a current board member and former Board Chairman of Transportation Solutions. He is also a member of CU Real Estate Council and NAIOP. Scott enjoys surfing, skiing, golf, spending time with his family, and upland hunting with his dog. He is married and has twin sons.
Mark is from Topeka, Kansas. He attended the University of Denver to study Real Estate and Construction Management. While attending DU, Mark was a member of the Beta Theta Pi Fraternity, and was an All-American swimmer. Now, he is a member at of Columbine Country Club, USA Cycling, and the DU Alumni Association. He participates in Competitive cycling and golf. Mark and his wife have four children together.
Gregg Barker Director of Management 303.226.8212 gbarker@lpc.com Gregg has over 25 years of broad experience in commercial real estate, sales, operations, marketing. He participated in over 550 lease transactions and also created a tenant representation company Gregg earned his Bachelor of Science degree in Business Management from the Kelley School of Business at Indiana University Bloomington and was awarded the Ernest B. Davis Scholarship for Academic Excellence.
Dawn Williams Property Manager 303.226.8213 dawilliams@lpc.com Dawn joined Lincoln Property Company in 2012 as Property Manager. Dawn is a dedicated real estate professional who brings more than 19 years of property management experience to Lincoln Property Company specializing in office, retail, industrial/ flex, and association management. Dawn’s vast responsibilities have included development and management of annual operating and capital budgets,
Tucker Helmus Associate Broker 303.226.8215 thelmus@lpc.com
Brenna Farrell Marketing Manager 303.226.8217 bfarrell@lpc.com
Tucker is a Colorado native from Aspen who settled in Denver after attending college at CU Boulder, where he received his BS in Business Administration. He is a licensed real estate broker and a member of the US Green Building Council (LEED Green Associate). He enjoys hiking, biking, golf, basketball, and brewing beer.
Brenna graduated from Colorado State University and received a Bachelor’s Degree in Fine Arts . With ten years of experience in marketing Brenna continues to learn and provide personalized artwork in commercial real estate. Specialties include: brand identity, collateral materials, advertising, social media, and packaging design .
ViaSat, Inc. - New Lease at 365 Inverness Parkway
12,160 RSF 13,612 RSF
Radiology Imaging Associates - Lease Renewal at Dry Creek Corporate Center
32,791 RSF
JE Dunn - Lease Renewal at Colorado Center
30,469 RSF
McAfee Inc. - Lease Renewal at Dry Creek Corporate Center
32,705 RSF
Vantiv, Inc. - New Lease at 367 Inverness Parkway
31,200 RSF
Stantec Consulting - Lease Renewal at Colorado Center
22,671 RSF
Intuit, Inc. - Lease Renewal at 365 Inverness Parkway
14,240 RSF
Industrial Food Service Warehouse - New Lease at I-225 Business Center
46,148 RSF
Paneltec - New Lease at Denver Business Center #3
37,217 RSF
Kiewit Infrastructure - Lease Renewal at I-225 Business Center
32,677 RSF
United Seating & Mobility - New Lease at I-225 Business Center
26,400 RSF
1755 Bl ake 1 7 5 5 B l a ke St re et , De nve r, CO 8 0 2 0 2 Property Size 112,943 SF Purchase Date December 2013 Client ASB Real Estate Investments • Assisted client with acquisition due diligence • Class A building, currently 100% leased