Koelbel and Company, in a joint venture with Real Capital Solutions (RCS), has announced a long-term lease agreement with Cherry Creek School District (CCSD) at Metropoint II, a class A office building in the North Denver Tech Center (DTC). Cherry Creek School District will be moving its administrative offices into the building in 2026–occupying 57,000 square feet of space across three floors. This comes on the heels of CCSD’s successful November 2024 bond measure which includes the rebuilding of the Cherry Creek High School campus, where two of CCSD’s administrative buildings are currently located, as well as other school buildings across the district.
“This is a full circle moment for the Koelbel family as we have a long history with Cherry Creek School District,” said Dean Koelbel, vice president of leasing and operations for Koelbel and Company. “My siblings and I all attended Cherry Creek High School and have nine of our own kids attending schools in the district. We are proud supporters of these amazing schools and excited to be a part of building the future for CCSD.”
Koelbel and Company and RCS acquired the Metropoint I and II assets last year as their first joint venture and are in the process of investing $10 million into renovations, including lobby and amenity upgrades, café remodel, conference center enhancements, and creating move-in-ready spec suites to attract top-tier tenants. CCDS will be the first new lease in the space and a key beneficiary of these improvements. The building offers ease and proximity to CCDS district buildings, and is situated within view of Cherry Creek High School campus and Stutler Bowl. Construction and tenant improvements are scheduled to commence this summer, with an expected completion and move-in date of March 2026.
“We are excited to welcome CCSD as one of the new long-term leases in this submarket,” said Adam Abeln, chief acquisitions officer at Real Capital Solutions. “We were eager to collaborate with Koelbel and Company on this promising project, which aligns with our strategy of targeting prime office properties in dynamic, thriving submarkets and the investment we put into repositioning the building is a testament to the impressive leasing velocity we are seeing.”
Metropoint I & II is located at the corner of South Ulster Street and East Tufts Avenue, in the heart of the DTC, Denver’s most coveted master-planned business park and second largest employment center. The property is over 433,000 SF on a 14.5-acre infill site. With a mix of tenants, the property is currently 66% leased, and features timeless design and architecture, market-leading building fundamentals and amenities including 1,623 onsite parking spaces, a conference center, café, and fitness facility with showers and lockers. It was a previous winner of BOMA International’s Office Building of the Year Award. The leasing brokers for the project are Mitch Bradley and Lindsey Gilbert from CBRE.
