CBRE Arranges 25,000 SQFT Lease at Greenwood Corporate Plaza

Greenwood Corporate Plaza, building 6. Credit Greg Muntz, Muntz Studio.

SCRAM Systems — the world’s leading provider of electronic monitoring and software solutions for the criminal justice industry — will occupy 25,060 square feet of Building 6, located at 6251 Greenwood Plaza Boulevard, one of four buildings that make up the Greenwood Corporate Plaza campus. The lease signed by SCRAM Systems is the largest since Viking Partners and Bancroft Capital acquired the 413,000-square-foot office property in the summer of 2021 and began making improvements. 

“Providing the highest quality workspace for our new corporate headquarters was a top priority. The Greenwood Corporate Plaza will further enhance innovation and our culture of excellence. We are a mission-driven company focused on saving lives and enabling clients to achieve their personal goals. Partnering with CBRE, Viking Partners, and Bancroft Capital has been a positive experience,” said SCRAM Systems CEO, Chris Linthwaite.

Since Viking Partners and Bancroft Capital acquired the property, all four lobbies, corridors, and amenities such as the fitness center, conference room, tenant lounge, on-site café, pavilion, outdoor game area and open green space have been renovated. The owners are now in the process of updating the bathrooms and adding rooftop solar.

“With state-of-the-art facilities, collaborative workspaces, and a vibrant atmosphere, we are confident that this space will be a magnet for top talent seeking a dynamic and inspiring workplace. We believe that attracting and retaining the best talent is essential for our continued success, and our new office reflects our commitment to providing them with a space where they can thrive and excel,” added Linthwaite. 

In total, CBRE has secured 55,000 square feet. of new tenant leases at Greenwood Corporate Plaza this year. The campus is located in metro Denver’s Southeast submarket, just west of Interstate 25 and south of Orchard Road and within walking distance of the light rail system. 

“Despite a challenging office market, our optimism has been well-justified by our recent leasing momentum at Greenwood Corporate Plaza,” said Scott Blanding with Viking Partners. “We are pleased so far that the capital we’ve invested in the project, our on-site management, stable financial position and strong leasing team in CBRE are all making a noticeable difference in attracting new tenants.”

“The collaboration with which we have approached prospective tenants in tandem with our leasing team at CBRE has yielded great results,” said Ashby McElveen with Bancroft Capital. “The combination of our spec suite program and willingness to work with new tenants on more bespoke buildouts seems to have elevated our position in the market, something we are enthusiastic to maintain and build upon.”

Office leasing activity improved in Denver’s Southeast submarket in the third quarter of 2023, up 36.6% quarter-over-quarter with a total of 433,000 square feet transacted, according to CBRE research

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