Encouraging news for Denver’s office market today: EverWest Real Estate Investors and Independencia Asset Management have signed a 78,336-square-foot, 10-year lease with T-Mobile at its well-known Broadway Station office campus. Under the lease, which represents one of the larger long-term local office market leases completed during the pandemic, T-Mobile will expand into two full floors at The Offices at Broadway Station. The company previously occupied approximately 30,000 square feet at the building.
“We have been working throughout the pandemic to complete this expansion,” said EverWest Executive Vice President and Head of Asset Management, Krystal Arceneaux. “T-Mobile’s commitment provides a clear path to long-term stabilization for Broadway Station and is an exceptional location for T-Mobile to consolidate and create efficiency at a single address.”
The Offices Broadway Station totals 318,053 square feet in two buildings. T-Mobile will lease two floors at the 990 S. Broadway building, situated along I-25 in Denver’s Washington Park West neighborhood. Features of the office project include interstate visibility and signage, remodeled lobbies, an exterior plaza, a four-level parking structure, unobstructed mountain and Washington Park views, and immediate proximity to light rail.
Doug Wulf and Dan Miller of Cushman and Wakefield represented EverWest in the lease negotiations. Steve Billigmeier, also of Cushman and Wakefield, represented T-Mobile.
The Offices at Broadway Station is part of EverWest’s larger Colorado portfolio, which totals more than 2.3 million square feet of office and industrial space, and 304 multifamily units.
The Broadway Station asset is currently 86 percent leased to tenants including T-Mobile, Intellishift US, OrthoFi Inc. and the National Multiple Sclerosis Society. It has approximately 45,600 square feet available for lease in a range of suite sizes and configurations.
