T-Mobile Bucks Short-Term Lease Trend on 78,336-SF Denver Office Commitment

Krystal Arceneaux

 DENVER, CO – Marking one of the larger long-term Denver office market leases completed during the pandemic, EverWest Real Estate Investors and Independencia Asset Management have signed a 78,336-square-foot, 10-year lease with T-Mobile at its Broadway Station office asset, located just south of downtown Denver.

Doug Wulf 

Under the lease, T-Mobile will expand into two full floors at The Offices at Broadway Station. The company previously occupied approximately 30,000 square feet at the building.

“We have been working throughout the pandemic to complete this expansion,” said EverWest Executive Vice President and Head of Asset Management, Krystal Arceneaux. 

“T-Mobile’s commitment provides a clear path to long-term stabilization for Broadway Station and is an exceptional location for T-Mobile to consolidate and create efficiency at a single address.”

Dan Miller

The Offices Broadway Station totals 318,053 square feet in two buildings. T-Mobile will lease two full floors at the 990 S. Broadway building, situated along I-25 in Denver’s Washington Park West neighborhood. 

Features at the office project include interstate visibility and signage, remodeled lobbies, an exterior plaza, a four-level parking structure, unobstructed mountain and Washington Park views, and immediate proximity to light rail.

Doug Wulf and Dan Miller of Cushman and Wakefield represented EverWest in the lease negotiations. Steve Billigmeier, also of Cushman and Wakefield, represented T-Mobile.

Steve Billigmeier

The Offices at Broadway Station is part of EverWest’s larger Colorado portfolio, which totals more than 2.3 million square feet of office and industrial space, and 304 multifamily units.

The Broadway Station asset is currently 86 percent leased to tenants including T-Mobile, Intellishift US, OrthoFi Inc. and the National Multiple Sclerosis Society. It has approximately 45,600 square feet available for lease in a range of suite sizes and configurations.

CONTACT:

Stacey Hershauer

focusAZ 

P 480.600.0195

www.focusaz.com

http://www.everwest.com/

or http://www.gwlra.com/

Hold-Thyssen Brokers $1.35 Million Sale of Two Acres in Altamonte Spring’s Cranes Roost Development

Martin Forster

 

 ORLANDO, FL --- Hold-Thyssen, Inc., a full service commercial real estate firm based in Winter Park , recently arranged the $1,350,000 sale of 1.96 acres at 291 E. Altamonte Drive within the Crane’s Roost planned development in Altamonte Springs .

 Hold-Thyssen’s Martin Forster, CCIM, brokered the transaction representing the Los Angeles-based seller, RP Altamonte III, LLC and the buyer, Cranes Roost, LLC of Orlando . 

 The property, described as Lot 2 of the Altamonte East Unit One Replat, PB 74 P 38,  is contiguous to a parcel the buyer already owned, according to Forster.  

 

       Lot 2, Craine's Roost development Altamonte Springs, FL

  “This was an excellent opportunity for the owner of Lot 5 of Crane’s Roost to acquire the adjoining Lot 2, resulting in an assemblage that provides a broader range of development opportunities and a higher value for the conjoined properties,” Forster said.

 Hold-Thyssen provides commercial property brokerage and leasing and management services to institutional and private investor clients nationwide. 

 The 40-year old firm’s current management portfolio includes more than 100 commercial properties throughout the United States.

 

CONTACTS:

 

Martin Forster, Senior Broker Associate, Hold Thyssen, Inc.,

321-299-4164, mforster@HoldThyssen.com

 

Anthony Fisher, Vice President, Hold-Thyssen Real Estate Services,

 407-691-0505, afisher@HoldThyssen.com

 

Beth Payan, Larry Vershel Communications Inc.

 407-644-4142 or 407-461-3781 

beth@larryvershel.com 

 

Stan Johnson Co. Brokers Sale of Summit Orchards Shopping Center Near Kansas City, MO

Margaret Caldwell 

 

Lee's Summit, MO -- Stan Johnson Company, one of commercial real estate’s leading investment sales brokerage firms, has completed the sale of Summit Orchards, an 81,185-square-foot grocery-anchored community center.

Patrick Kelley

Located at 440-560 Northwest Chipman Road in Lee’s Summit, Missouri, the center was 100 percent leased at the time of sale.

Margaret Caldwell, Patrick Kelley, Jason Powell and Max Van Dresser of Stan Johnson Company represented the seller, Townsend Summit, an affiliate of Townsend Capital, a Maryland-based investor and developer.

Jason Powell 

Jenel Real Estate, a private family office based in New York, purchased the asset.

“Summit Orchards received a lot of pre-emptive bids due to the long-term anchor leases and strong demographics of the area,” said  Caldwell, Managing Director and Partner in Stan Johnson Company’s Atlanta, Georgia office.

Summit Orchards is a newly developed center anchored by ALDI, HomeGoods, Ross Dress For Less and Five Below.

Max Van Dresser 

Situated on approximately 9.6 acres, the property is just 15 miles southeast of downtown Kansas City, Missouri. 

The center is adjacent to a university, two multi-family complexes and a commercial office campus in the fast-growing city of Lee’s Summit.

“Driven by the investment-grade credit of the all-star cast of anchors, Summit Orchards checked all the boxes as a new development in a growing submarket of Kansas City,” added  Kelley.

 

CONTACT:

 David Ebeling

Ebeling Communications

 (949) 278-7851

  david@ebelingcomm.com

www.stanjohnsonco.com.