New Skyscraper Signs Tenant: Patrinely’s Spec

DENVER – (Realty News Report) – The first tenant has leased space in a new 30-story office building developed in downtown Denver by a joint venture of Houston-based Patrinely Group and USAA Real Estate.

Sherman & Howard L.L.C., a Denver-based law firm, leased 60,000 SF and expects to move in later this year on levels 23 and 24 of the building.

Denver’s Largest Lease in a Year

This lease represents the largest new office lease signed in downtown Denver over the past 12 months. The developers constructed the tower on a speculative basis, without pre-leasing.

Block 162 office tower in downtown Denver was developed by Patrinely Group and USAA. Photo creditt: Brad Nicol Photography.

The building, called Block 162, is located at 675   15thStreet, between Welton and California Streets in downtown’s Central Business District.

“We are pleased to announce our first office lease in Block 162 with Sherman & Howard,” said Robert Fields, president and CEO of Patrinely Group. “We believe Block 162 represents the best new office building in Denver, with the most up-to-date design and Covid-19 responsive features. To attract tenants of the caliber of Sherman & Howard, we have created an amenity-rich environment with large, light-filled floor plates and tall ceiling heights, along with generous parking and sweeping Front Range mountain views.

Richard Schuham and Greg Bante of Savills represented Sherman & Howard. Todd Wheeler and Doug Wulf of Cushman & Wakefield, directed by Dennis Tarro of Patrinely Group, represented the landlord.

Designed by Gensler, the podium tower, has parking spaces located within three underground parking levels and a 10-floor above-grade podium garage. The general contractor is Swinerton.

“Sherman & Howard’s move to Block 162 is a validation of our strategy to build the region’s premier officebuilding,”said Patrinely Group’s Rocky Mountain Region Vice President David Haltom.“At Block 162, we have delivered cutting-edge office space in a sustainable, energy-efficient, and well-ventilated building that offers best-in-class HVAC, flexible, column-free floor plates for optimal customization, and first-class indoor/outdoor amenities and access to light and air to take advantage of Denver’s great climate.”

The Denver-based law firm, with a team of about 230 lawyers and staff in the area, occupies a unique position – it is one the nation’s first anchor tenants to move into a brand-new office tower in the Covid era.

“Our new location will enable the type of collaboration which has emerged as the new standard for professional service firms. Block 162 provides a modern day-to-day work experience through multifunctional workspaces equipped with expansive views of downtown, an abundance of natural light, and state-of-the-art technology. Announcing Block 162 as Sherman & Howard’s new headquarters is the first step in bringing our vision of the future of the firm to life,” said Sherman & Howard’s Chief Executive Officer Greg Densen.

Patrinely Group is also developing the headquarters building for HP Enterprise in Houston and an office tower in downtown Salt Lake City.


March 19, 2021 Realty News Report Copyright 2021


File: New Skyscraper Signs Tenant


Caption: Photo from 2020 Topping out of Block 162, a high-rise office project in downtown Denver. Image: Courtesy Patrinely Group

File: Patrinely Group. USAA. Denver. New Skyscraper Signs Tenant. Block 162. Sherman & Howard. Robert Fields.

 

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