JLL Saves Big Brothers Big Sisters of Colorado $60K/Year on New Headquarters Lease
Denver, CO – JLL recently secured a seven-year lease on a new headquarters space for Big Brothers Big Sisters of Colorado (BBBSC) at 750 West Hampden in Southwest Denver, a move that gives the non-profit nearly one thousand square feet of additional space while saving them more than $60,000 in rent annually. Those cost savings, combined with the new space’s proximity to several BBBSC programs, will enable the non-profit to hire additional staff and expand the number of at-risk youth they are able to serve here in Colorado.
“As any non-profit knows, it’s always a challenge to balance the desire to be as close as possible to the audiences you serve and the need to tightly manage overhead costs such as rent in order to have the resources to serve the greatest number of people,” said Dave Ryan, CEO of BBBSC. “JLL has helped us find that perfect balance with this new location. We look forward to growing our programming here, creating a fun and professional workspace in which our employees can thrive, and enriching the lives of kids facing adversity in our state through meaningful mentoring relationships.”
The new Southwest Denver location puts BBBSC staff within a 10-minute walk of the Englewood light rail station as well as easy access to a numerous restaurants and shops. Additionally, the move puts the organization closer to several of its programs, including the recently launched mentor2.0, a professionally supported, technology-enriched one-to-one mentoring program that is engaging students at Sheridan High School both in the classroom and online in an entirely new way. BBBSC will move its 42-person organization into the 10,211 square foot space at the end of October, 2016.
“Big Brothers Big Sisters of Colorado’s programs make such a big difference in the lives of so many in our community, and it was important to JLL to get them into a space that would help them thrive,” said Andy Cullen, senior vice president at JLL in Denver. “We ultimately found them a space that allows the organization to remain accessible to their stakeholders and the community they serve, while also giving them the operational flexibility to attract and retain top talent. Right now the CBD has an average rental rate of $34.77 per square foot while Southwest Denver is coming in at $16.22 per square foot, so in this instance, the move made both operational and financial sense.”
JLL Managing Director and BBBSC Board Member Barry Dorfman and Senior Vice President Andy Cullen represented Big Brothers Big Sisters in the transaction. Jim Cortney from NAI Shames Makovsky represented the landlord.
Image courtesy of JLL