Pivot Energy, a Denver-based solar energy company, has signed a new 22,628-square-foot headquarters office lease at 1601 Wewatta Street in Denver’s LoDo. Pivot occupies three-quarters of the seventh floor.
With six offices throughout the U.S., Pivot Energy is a national solar provider and a certified B Corporation aiming to positively impact society as measured by Environmental, Social, and Governance (ESG) factors. As a certified B Corporation, Pivot Energy’s focus on sustainability is evidenced through this lease — the company is moving into a space with existing build-out and furniture, adding an adjacent, 4,000-square-foot touch-down space for hybrid and traveling employees. The space features a private patio with a green roof feature, outdoor seating and grills.
“Pivot has seen significant growth in recent years thanks to increased demand for solar and favorable market conditions nationally. When we outgrew our current space, we wanted to be thoughtful of the needs of our Denver-based employees and uphold our commitment to the environment,” said Tom Hunt, CEO of Pivot Energy. “We selected this location because it has amenities that offer a comfortable and inclusive office experience and encourage public transportation, walking and biking. We’re excited to get to work in this new space.”
1601 Wewatta is a Class AA, LEED-certified, 299,127-square-foot office property with ground-level retail. The building, designed by HOK Architects out of Washington, D.C., features an iconic design that sets a new architectural standard in LoDo. The property’s state-of-the-art features include 10’ finished ceilings, full-height glass walls, a workout facility, four levels of sub-grade parking and restaurant spaces with patio seating on the first floor. The property is immediately adjacent to Denver’s transportation hub, Union Station, and its location in Lower Downtown offers immediate access to I-25, RTD light rail and the surrounding residential areas.
Newmark Senior Managing Director Andrew Blaustein and Associate Director Josh Pons represented Pivot Energy in the transaction. CBRE’s Chris Phenicie and Allison Berry represented the landlord, Morgan Stanley. Newmark has also provided strategic leasing advisory for Pivot Energy for office leases in Chicago and Columbus.
“Well-located, unique office assets are maintaining traction with forward-thinking tenants seeking quality long-term fundamentals in their buildings,” said Pons. “This transaction is a continued validation of the comeback of Lower Downtown, as employers look to provide modern workspaces with multi-modal transit options and proximity to activated neighborhoods.”
