Two New Leases Totaling 81,000 Square Feet Announced at 1601… - Hines

Two New Leases Totaling 81,000 Square Feet Announced at 1601 Wewatta in Denver

(DENVER) – Hines, the international real estate firm, Jordon Perlmutter & Co. and institutional investors advised by J.P. Morgan Asset Management announced today that two new companies will be joining the tenant roster at 1601 Wewatta, a Class A, 300,000-square-foot office building located in the Union Station Neighborhood of Lower Downtown (LoDo) Denver.

Agility Recovery, one of the leading providers of business continuity and disaster recovery solutions to organizations of all types, will occupy 36,000 square feet.

Also joining the property is an undisclosed big four accounting firm who has signed a long-term, 45,000-square-foot lease scheduled to begin in 2017.

With the addition of these two leases, the property is now 76 percent leased to a notable tenant roster including a top-tier law firm, a full-service athletic club and a revolutionary tech security firm, in addition to a gastro-pub and high-end sea food restaurant on the ground floor.

The building, designed by HOK’s Washington, D.C. office, features an iconic design that sets a new architectural standard in LoDo. The 10-story building contains approximately 280,000 square feet of office space and 20,000 square feet of retail space. 1601 Wewatta features 10' finished ceilings, a large plaza acting as the gateway to the Union Station neighborhood and five outdoor terraces. The building’s efficient floor plates, ranging in size from 29,400 to 38,100 square feet, provide flexibility for multi-tenant or single-tenant users. The building was completed in September 2015.

“We are excited to announce two more premier tenants in our building, and we are very proud that they have chosen 1601 Wewatta as their new home,” said Hines Senior Managing Director Jay Despard.

Added Jay Perlmutter, Principal for Jordon Perlmutter & Co, “The Union Station neighborhood continues to attract top companies who value its premier location, services and amenities. Both of these tenants will undoubtedly contribute to the continued growth and vibrancy of the area.”

Hines has been active in the Denver market since 1982 and currently owns 1.6 million square feet of office in the area and manages 3.1 million square feet. The firm developed 1515 Wynkoop, a mixed-use office and retail building in LoDo; Wells Fargo Center, a 50-story office tower in Denver’s CBD; 4600 South Syracuse, a 13-story office building in the Denver Tech-Center; and Eos, a four-story, 186,000-square-foot office building located in Broomfield. Hines is also developing 1144 Fifteenth, a 40-story, 670,000-square-foot office tower next to the Four Seasons Hotel in Denver’s CBD.

About Hines

Hines is a privately owned global real estate investment firm founded in 1957 with a presence in 192 cities in 20 countries. Hines has $93.2 billion of assets under management, including $47.9 billion for which Hines provides fiduciary investment management services, and $45.3 billion for which Hines provides third-party property-level services. The firm has 105 developments currently underway around the world. Historically, Hines has developed, redeveloped or acquired 1,180 properties, totaling over 379 million square feet. The firm’s current property and asset management portfolio includes 483 properties, representing over 199 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.

About Jordon Perlmutter & Company

Jordon Perlmutter & Company is one of the foremost, private real estate development firms in the Rocky Mountain region, and the Perlmutter name is behind many of Denver’s most outstanding real estate developments. Originally founded as Perl-Mack Enterprises in 1951, the company focuses on the development, management, and leasing of commercial and residential properties. Throughout its history, Jordon Perlmutter & Company has been the developer and property manager of over seven million square feet of commercial projects and 22,000 single and multi-family units. The company's projects have included several regional malls, high quality outdoor shopping centers, office buildings, and apartment complexes.

About J.P. Morgan Asset Management – Global Real Assets

J.P. Morgan Asset Management – Global Real Assets has more than $96 billion in assets under management and more than 400 professionals in 20 offices throughout the Americas, Europe and Asia Pacific, as of December 31, 2016. With a 45-plus year history of successful investing, J.P. Morgan Asset Management – Global Real Assets’ broad capabilities provide many of the world’s most sophisticated investors with a global platform of real estate, infrastructure and transportation strategies driven by local investment talent with disciplined investment processes consistently implemented across asset types and regions. For more information: jpmorgan.com/institutional/global_real_assets