DPC Development Company Taps JLL to Market Denver Tech Center Commercial Properties
Denver, CO – JLL recently announced that the company has been hired to lease office space in Denver Corporate Center II and III in the Denver Technology Center. The properties, located at 7800-7900 E. Union Ave. were recently acquired by DPC Development Company, a privately held, commercial real estate firm specializing in the acquisition and development of commercial real estate in Colorado and the West.
Built in 1982 and renovated in 1999, the two 11-story buildings were designed by renowned architect Thomas Beeby. Together, Denver Corporate Center II and III (DCC II and DCC III) feature a total of 375,314 total square feet of Class B space as well as 1,473 parking spaces.
“Denver continues to thrive as a hub for business – from tech companies to startups to corporate headquarters,” said Chris King, President at DPC Development Company. “Denver Corporate Center II and III are located in the heart of the action in the Tech Center. With the capital improvements we are investing in these properties, we aim to create an attractive and competitive offering in the Southeast suburban office market.”
DPC Development Company has planned capital improvements such as enhanced entries, new landscaping, an entirely redesigned lobby in DCC II, and updates to parking. Additionally, the properties are ideally located near the Belleview Light Rail station, providing quick access to Downtown Denver and by mid-2016, an easy connection to Denver International Airport.
“Denver’s Southeast Suburban market continues to attract businesses looking for the perfect intersection between location and affordability,” said Peter Merrion, vice president at JLL. “The area is already home to seven of the state’s nine Fortune 500 Companies and features more office square footage than anywhere else on the Front Range. We believe these properties will be a significant draw for professional services firms and other occupiers in the market.”
DPC Development Company purchased DCC II and III from Alecta in March. DCC II is currently 100 percent available and DCC III is 15 percent available. The properties will be leased by JLL brokers Andy Ross, Jamie Roupp and Peter Merrion.
Photo courtesy of JLL