Presentation for Office Leasing
the 950 17th team
CHRIS PHENICIE
Senior Vice President Lead of CBRE’s downtown leasing team
Hilary Barnett
Vice President Completed over 600,000 SF of deals in 2018
ALLISON BERRY
Vice PresidentCompleted over 700,000 SF of deals in 2018
Blake Harris
First Vice President
Robert Knisely
LINDSEY LEONARD
Director Client Services
Mackenzie Howarth
Client Services Coordinator
BRYNN GUTKNECHT
Marketing Manager
MATT VANCE
Director, Divisional Research CBRE Econometric Advisors
SUE SELLE
Head of Field Research, Mountain States
Core Group
downtown leasing team
Marketing Team
RESEARCH
Leasing & Strategy
Sourcing & Securing the Right Tenants
Creating Engaging Viral Campaigns
Delivering Actionable, Forward-looking Insight
2018
Downtown Denver leasing Team Deals
2.7M Total Square Feet
177 Lease Transactions
Spec Suites Leased53 totaling 238,500
CbD Stack plans
Accurate stack plans for every downtown building including lease expiration dates
team Services
Tenants in the market Report
Tracking and analysis of over 3.5 MSF of active deals in the market lease expiration dates
lease comps
Access to over 400 new lease comps per year
Acquisition
Financing
development
Agency Leasing
Investment Strategy
Valuation
Management
occupier Services
Capital Markets
We collaborate with our 10 occupier brokers, 5 agency brokers, 6 capital markets brokers and 4 analysts to position this opportunity with a competitive advantage.
OUR COMPETITION SIMPLY CAN'T MATCH THE RESOURCES WE OFFER OUR CLIENTS
TENANTS IN THE MARKET INSIGHT COLLECTIVE INTELLIGENCE
Execution Timeline
Creating a Destination
65% occupied 12 full-floor vacancies 2 move-in ready spec suites
55,000 SF Leased
60,495 SF Leased
158,692 SF Leased
170,776 SF Leased
445,520 SF Leased Total Average Lease: 5,900 SF
3 - weeks
9 - months
12 - months
18 - months
24 - months
today (32 - Months)
Upon Listing Award
Building Renovations Under Construction
Lobby Complete,Park Underway
Fitness center Underway
Fitness center complete & Restaurants Underway
Fitness & Restaurants Complete, elevators underway
Applying the psychology of spec suite design and marketing
Denver Place Case Study:
The psychology of a spec suite
after - feb 2019
Tenant mix included 16% healthcare, 11% legal, 12% government, 16% tech
65% occupied $26.50 FSG
before - june 2015
Tenant mix includes 43% tech, 10% financial services, 12% business services
88% occupied $39.50 FSG (49% increase) 445,520 SF leased
Old marketing
new branding
2024 exit strategy
68 month weighted lease term
Liberty Oilfield Services - Renew 60,000 SF
Koch to vacate - Liberty to fill 11,600 SF Vincent Benjamin - Renew 5,000 SF
Opus - Renew 6,700 SF
SRS Acquiom to vacate - Release to Tech tenant
ChannelAdvisor - Renew 7,000 SF
Caliber Midstream - Renew 9,000 SF
Cascade Financial Mgmt. - Renew 4,000 SF
Suite 2000 – Tech / full floor / partial floor
Suite 1300 – Spec Suite: Tech Tenant
Suite 1000 – Split vacancy into two spec suites: Tech tenants / or SRS expansion
Suite 925 – Spec Suite: Tech Tenant Suite 990 – Spec Suite: Tech Tenant
Suite 200 / Conference Center / Lounge
exit strategy
Create Real value by repositioning the building and establishing a brand
Increase economics with both short and long-term goals in mind
Lease up remaining vacancy through spec suites (mainly)
Manage renewals / future vacancy intelligently
CREATE OPPORTUNITIES WHERE THERE ARE NONE
we're ready to drive value
