(DENVER) – Hines, the international real estate firm, announced today that it has been retained by Franklin Street Properties as property manager for 1999 Broadway, a 680,277-square-foot Class A office tower located in Denver’s central business district. Completed in 1985, the 43-story green glass tower is bounded by 19th and 20th Streets, California and Broadway.
An impressive capital improvement campaign is underway and once complete, the building will feature a new and refreshed main entry; a contemporary and expansive lobby restoring and highlighting the original floor and wall treatments constructed of Italian stone; with a dynamic lobby makeover including new lighting, and millwork. The reposition will also include a 6,000-square-foot cutting-edge tenant collaboration center; new building conference room facility with several meeting rooms and an expansive training center; a refreshed and updated building fitness center with expanded class and exercise area, new equipment and updated locker shower rooms.
“We are proud to have been selected to represent property management interests at 1999 Broadway,” Hines Vice President of Property Management Liz Taylor said. “We are currently focused on enhancing tenant services while improving operational efficiencies. Long term, we look forward to supporting Franklin Street Properties in achieving their goals for this investment.”
1999 Broadway has an impressive roster of prestigious tenants including: Accenture; GSA; Hein & Associates; Jones & Keller; Knight Piesold; Mercy Housing; and Promontory Financial.
Franklin Street Properties Corp., based in Wakefield, Massachusetts, is focused on investing in institutional-quality office properties in the U.S. FSP’s strategy is to invest in select urban infill and central business district (CBD) properties, with primary emphasis on our top five markets of Atlanta, Dallas, Denver, Houston and Minneapolis. FSP seeks value-oriented investments with an eye towards long-term growth and appreciation, as well as current income. FSP is a Maryland corporation that operates in a manner intended to qualify as a real estate investment trust (REIT) for federal income tax purposes. To learn more about FSP please visit the website at www.franklinstreetproperties.com.
Hines is a privately owned global real estate investment firm founded in 1957 with a presence in 182 cities in 20 countries. Hines has $89.1 billion of assets under management, including $42.5 billion for which Hines provides fiduciary investment management services, and $46.6 billion for which Hines provides third-party property- level services. The firm has 109 developments currently underway around the world. Historically, Hines has developed, redeveloped or acquired 1,126 properties, totaling over 351 million square feet. The firm’s current property and asset management portfolio includes 457 properties, representing over 193 million square feet. With extensive experience in investments across the risk spectrum and all property types, and a pioneering commitment to sustainability, Hines is one of the largest and most-respected real estate organizations in the world. Visit www.hines.comfor more information.
