Brand New Class AA Office Building in DTC Sells, Phase II in Development
DENVER – A 299,568-rentable-square-foot, LEED-certified, Class AA, office building located in the heart of metro Denver’s Greenwood Village has sold to Crestone Partners in partnership with an institutional investor. Granite Place at Village Center was developed by Granite Properties, a commercial real estate investment, development and management company, and Confluent Development, a Denver-based real estate investment and development firm. The two firms will now turn their focus to co-developing Phase II of the project, which will feature another state-of-the-art office building located directly adjacent to Granite Place, helping to meet the high demand for Class A, transit-oriented office space in southeast Denver.
Tim Richey, Mike Winn and Jenny Knowlton of CBRE represented Granite on the sale of the building. Granite Place is fully leased by two companies: one of the largest employers in Greenwood Village, Charter Communications, as well as CSG International. Both companies are bringing additional jobs to the southeast submarket of Denver.
“That Granite Place was 100 percent leased six months before completion speaks to the high-quality workplace environment that Granite and Confluent are known for developing as well as how active and desirable the Denver southeast market is,” said Stephanie Lawrence, senior managing director, Granite Denver. “Companies are drawn to the Village Center area for its diverse workforce and its proximity to light rail and retail amenities, driving the demand for premier office space. We look forward to turning our attention to developing Phase II, which will be adjacent to Granite Place and similar in quality and size,” she added.
Granite Place at Village Center is located at 6175 S. Willow Drive in Greenwood Village, near Interstate 25 and Arapahoe Road. The 10-story, transit-stop development is visible from I-25 and within a five-minute walking distance of the Arapahoe at Village Center light rail station, offering accessibility to the area’s shopping, dining and residential options.
Denver-based Open Studio Architecture designed the building, which has a large community area on the ground floor where employees can work and socialize. Granite Place also offers full-height glass providing abundant natural light and mountain views. Onsite amenities include conference facilities with a boardroom, large training room and pre-function staging area, a gym-quality fitness center with shower and locker rooms, a full-service café, an acre of outdoor common space and an adjacent parking garage accommodating more than 1,000 cars. The building also showcases art by local artists including oil paintings by John Wood and Rebecca Cuming and a wood art piece by Chris DeKnikker. In addition, a molten glass art installation inspired by the natural beauty of Colorado and entitled “Aspen Grove” hangs in the entry and was designed by Wimberley Glass.
“We’re thrilled to build on our success of identifying prime locations to develop high-quality, amenity-rich office space in metro Denver and look forward to continuing our relationship with Granite for additional development,” said Marshall Burton, president and CEO of Confluent Development.
Granite owns and manages approximately one million square feet of office buildings in the Denver area. These buildings include Plaza Tower One, High Pointe Tower and Prentice Plaza in Greenwood Village, and 143 Union in Lakewood.
Images courtesy of Granite Properties.