DENVER – (Realty News Report) – A new 30-story office tower in downtown Denver has signed its first tenant. The building, developed by a joint venture between Houston-based Patrinely Group and USAA Real Estate, has leased a major portion of its space to a prominent local law firm.
Sherman & Howard L.L.C., a Denver-based law firm, has leased approximately 60,000 square feet on floors 23 and 24 and plans to move in later this year.
Denver’s Largest Lease in a Year
The Sherman & Howard lease represents the largest new office lease signed in downtown Denver in the past 12 months. The developers completed construction on a speculative basis, moving forward without a pre-leased anchor tenant.
Named Block 162, the tower is located at 675 15th Street, between Welton and California Streets in Denver’s Central Business District.
“We are pleased to announce our first office lease in Block 162 with Sherman & Howard,” said Robert Fields, president and CEO of Patrinely Group. “Block 162 reflects the highest standards for new office buildings in Denver, with contemporary design and features that respond to the post-Covid workplace. To attract high-caliber tenants like Sherman & Howard, we emphasized amenity-rich spaces: large, light-filled floor plates, generous ceiling heights, ample parking, and sweeping views of the Front Range.”
Richard Schuham and Greg Bante of Savills represented Sherman & Howard. Todd Wheeler and Doug Wulf of Cushman & Wakefield represented the landlord, working under the direction of Dennis Tarro of Patrinely Group.
Designed by Gensler, the building includes a podium with parking spread across three underground levels and a 10-level above-grade podium garage. Swinerton served as the general contractor.
“Sherman & Howard’s move to Block 162 validates our strategy to deliver the region’s premier office building,” said David Haltom, Vice President for Patrinely Group’s Rocky Mountain region. “Block 162 offers cutting-edge, sustainable, and energy-efficient office space with high-performance HVAC, flexible column-free floor plates for easy customization, and exceptional indoor/outdoor amenities that capitalize on Denver’s favorable climate.”
Sherman & Howard, which has a team of about 230 lawyers and staff in the Denver area, is one of the first major tenants to commit to a brand-new office tower during the Covid era.
“Our new location will support the collaborative approaches that have emerged as the standard for professional services firms,” said Greg Densen, chief executive officer of Sherman & Howard. “Block 162 provides a modern daily workplace with multifunctional spaces, expansive downtown views, abundant natural light, and advanced technology. Announcing Block 162 as our new headquarters is the next step in realizing our firm’s future vision.”
Patrinely Group is also developing the headquarters building for Hewlett Packard Enterprise in Houston and an office tower in downtown Salt Lake City.
March 19, 2021 Realty News Report Copyright 2021
File: New Skyscraper Signs Tenant
Caption: Photo from 2020 topping out of Block 162, a high-rise office project in downtown Denver. Image: Courtesy Patrinely Group
File: Patrinely Group. USAA. Denver. New Skyscraper Signs Tenant. Block 162. Sherman & Howard. Robert Fields.