The lease gap at Hines’ 1601 Wewatta office project in Denver continues to shrink, with the recent addition of two new tenants to its roster. Building owner and manager Hines Interests, alongside Jordon Perlmutter & Co. and institutional investors advised by J.P. Morgan Asset Management, announced Agility Recovery and an undisclosed ‘big four’ accounting firm as the latest companies to take up space at the site.
Leading provider of business continuity and disaster recovery solutions Agility Recovery will occupy 36,000 square feet at the LoDo (Lower Downtown) tower, while the accounting firm signed a long-term, 45,000-square-foot lease set to begin in 2017. An official statement did not disclose the name of the second tenant, but mentioned it was one of the ‘big four’ accounting companies, which are Deloitte, KPMG, Ernst & Young and Pricewaterhouse Coopers. These latest leases bring the 300,000-square-foot building’s occupancy to 76%; 1601 Wewatta is also home to a top-tier law firm, a full-service athletic club, a tech security company, as well as a gastro pub and a high-end seafood restaurant on the ground floor.
See 1601 Wewatta Street, Denver, CO 80202 on CommercialCafé
The office building at 1601 Wewatta St. was designed by HOK’s Washington, D.C., office and completed in 2015 with the help of a $69.5 million construction loan provided by New York Life Insurance Co., according to data from Yardi Matrix. The 10-story building features efficient floor plates ranging in size from 29,400 to 38,100 square feet, 10-foot finished ceilings and five outdoor terraces. The property also incorporates a large plaza serving as a gateway to Denver’s bustling Union Station neighborhood, which “continues to attract top companies that value its premier location, services and amenities,” according to Jay Perlmutter, principal with Jordon Perlmutter & Co. “Both of these tenants will undoubtedly contribute to the continued growth and vibrancy of the area,” he added.
Images via Yardi Matrix, 1601 Wewatta