{"id":1004035553,"date":"2011-12-15T05:39:15","date_gmt":"2011-12-15T13:39:15","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004035092"},"modified":"2022-12-05T22:29:35","modified_gmt":"2022-12-06T06:29:35","slug":"cornerstone-picks-up-a-53m-office-in-denvers-lodo","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/cornerstone-picks-up-a-53m-office-in-denvers-lodo\/","title":{"rendered":"Cornerstone Picks up $53M Office in Denver's LoDo"},"content":{"rendered":"

December 15, 2011<\/strong>
\nBy Nicholas Ziegler, News Editor<\/em>
\n\"\"<\/a><\/p>\n

Cornerstone Real Estate Advisers has just made a nice pickup in the Rockies, as the firm has just purchased 1899 Wyncoop, a 165,727-square-foot office buiding in Denver\u2019s LoDo submarket of the Central Business District for a reported $56 million. Jones Lang LaSalle\u2019s capital markets team represented the seller, Nichols Partnership.<\/p>\n

The class A building, constructed in 2000, is adjacent to the Union Square development, and features nine stories of office space that is currently 92 percent leased. Mary Sullivan, a senior managing director with JLL, characterized the property as a \u201cwell-positioned asset with significant upside potential.\u201d<\/p>\n

The pace of office transactions in Denver is increasing, according to a third-quarter report by services firm Cushman & Wakefield Inc. Vanacy rates are decreasing, rental rates have stabilized, and new-leasing activity, while below peak levels, are still within \u201cnormalized bounds.\u201d<\/p>\n

The Central Business District, specifically, has seen total office vacancy drop by more than the citywide average. The Denver area has seen the rate change 2.2 percent since the fourth quarter of 2010, to currently stand at 13.5 percent. \u201cDemand for Class A space,\u201d the report notes for the CBD, \u201chas been particularly strong, resulting in a 2.3 [percent] overall vacancy rate decline year-over-year to just 13.1 percent — the lowest level recorded for this property class since 2008.<\/p>\n","protected":false},"excerpt":{"rendered":"

Cornerstone Real Estate Advisers has just make a nice pickup in the Rockies with the purchase of 1899 Wyncoop, a 165,727-square-foot office buiding in Denver’s LoDo submarket, for a reported $56 million.<\/p>\n","protected":false},"author":1201,"featured_media":1004038204,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21781,21808,21742,21747,15],"tags":[],"class_list":["post-1004035553","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corporate-real-estate","category-featured","category-latest","category-office","category-west"],"acf":[],"yoast_head":"\nCornerstone Picks up $53M Office in Denver's LoDo - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/cornerstone-picks-up-a-53m-office-in-denvers-lodo\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cornerstone Picks up $53M Office in Denver's LoDo\" \/>\n<meta property=\"og:description\" content=\"Cornerstone Real Estate Advisers has just make a nice pickup in the Rockies with the purchase of 1899 Wyncoop, a 165,727-square-foot office buiding in Denver's LoDo submarket, for a reported $56 million.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/cornerstone-picks-up-a-53m-office-in-denvers-lodo\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2011-12-15T13:39:15+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-06T06:29:35+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2011\/12\/121511-Denver-1899-Wynkoop.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"480\" \/>\n\t<meta property=\"og:image:height\" content=\"352\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Nicholas Ziegler\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cornerstone-picks-up-a-53m-office-in-denvers-lodo\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cornerstone-picks-up-a-53m-office-in-denvers-lodo\\\/\"},\"author\":{\"name\":\"Nicholas Ziegler\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/ff3a837f33daecfcf8978b405eaae20c\"},\"headline\":\"Cornerstone Picks up $53M Office in Denver's LoDo\",\"datePublished\":\"2011-12-15T13:39:15+00:00\",\"dateModified\":\"2022-12-06T06:29:35+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cornerstone-picks-up-a-53m-office-in-denvers-lodo\\\/\"},\"wordCount\":223,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cornerstone-picks-up-a-53m-office-in-denvers-lodo\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2011\\\/12\\\/121511-Denver-1899-Wynkoop.jpg\",\"articleSection\":[\"Corporate Real Estate\",\"Featured\",\"News\",\"Office\",\"West\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cornerstone-picks-up-a-53m-office-in-denvers-lodo\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cornerstone-picks-up-a-53m-office-in-denvers-lodo\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cornerstone-picks-up-a-53m-office-in-denvers-lodo\\\/\",\"name\":\"Cornerstone Picks up $53M Office in Denver's LoDo - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cornerstone-picks-up-a-53m-office-in-denvers-lodo\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cornerstone-picks-up-a-53m-office-in-denvers-lodo\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2011\\\/12\\\/121511-Denver-1899-Wynkoop.jpg\",\"datePublished\":\"2011-12-15T13:39:15+00:00\",\"dateModified\":\"2022-12-06T06:29:35+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/ff3a837f33daecfcf8978b405eaae20c\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cornerstone-picks-up-a-53m-office-in-denvers-lodo\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cornerstone-picks-up-a-53m-office-in-denvers-lodo\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cornerstone-picks-up-a-53m-office-in-denvers-lodo\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2011\\\/12\\\/121511-Denver-1899-Wynkoop.jpg\",\"contentUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2011\\\/12\\\/121511-Denver-1899-Wynkoop.jpg\",\"width\":\"480\",\"height\":\"352\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cornerstone-picks-up-a-53m-office-in-denvers-lodo\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Cornerstone Picks up $53M Office in Denver's LoDo\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/ff3a837f33daecfcf8978b405eaae20c\",\"name\":\"Nicholas Ziegler\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/70e28229c24dc3cf14fac93ebb7647505c7519b301aa20c8f635957a4e8a8a66?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/70e28229c24dc3cf14fac93ebb7647505c7519b301aa20c8f635957a4e8a8a66?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/70e28229c24dc3cf14fac93ebb7647505c7519b301aa20c8f635957a4e8a8a66?s=96&d=mm&r=g\",\"caption\":\"Nicholas Ziegler\"},\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/author\\\/nicholasziegler\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Cornerstone Picks up $53M Office in Denver's LoDo - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/cornerstone-picks-up-a-53m-office-in-denvers-lodo\/","og_locale":"en_US","og_type":"article","og_title":"Cornerstone Picks up $53M Office in Denver's LoDo","og_description":"Cornerstone Real Estate Advisers has just make a nice pickup in the Rockies with the purchase of 1899 Wyncoop, a 165,727-square-foot office buiding in Denver's LoDo submarket, for a reported $56 million.","og_url":"https:\/\/www.commercialsearch.com\/news\/cornerstone-picks-up-a-53m-office-in-denvers-lodo\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2011-12-15T13:39:15+00:00","article_modified_time":"2022-12-06T06:29:35+00:00","og_image":[{"width":480,"height":352,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2011\/12\/121511-Denver-1899-Wynkoop.jpg","type":"image\/jpeg"}],"author":"Nicholas Ziegler","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.commercialsearch.com\/news\/cornerstone-picks-up-a-53m-office-in-denvers-lodo\/#article","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/cornerstone-picks-up-a-53m-office-in-denvers-lodo\/"},"author":{"name":"Nicholas Ziegler","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/ff3a837f33daecfcf8978b405eaae20c"},"headline":"Cornerstone Picks up $53M Office in Denver's LoDo","datePublished":"2011-12-15T13:39:15+00:00","dateModified":"2022-12-06T06:29:35+00:00","mainEntityOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/cornerstone-picks-up-a-53m-office-in-denvers-lodo\/"},"wordCount":223,"commentCount":0,"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/cornerstone-picks-up-a-53m-office-in-denvers-lodo\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2011\/12\/121511-Denver-1899-Wynkoop.jpg","articleSection":["Corporate Real Estate","Featured","News","Office","West"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.commercialsearch.com\/news\/cornerstone-picks-up-a-53m-office-in-denvers-lodo\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/cornerstone-picks-up-a-53m-office-in-denvers-lodo\/","url":"https:\/\/www.commercialsearch.com\/news\/cornerstone-picks-up-a-53m-office-in-denvers-lodo\/","name":"Cornerstone Picks up $53M Office in Denver's LoDo - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/cornerstone-picks-up-a-53m-office-in-denvers-lodo\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/cornerstone-picks-up-a-53m-office-in-denvers-lodo\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2011\/12\/121511-Denver-1899-Wynkoop.jpg","datePublished":"2011-12-15T13:39:15+00:00","dateModified":"2022-12-06T06:29:35+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/ff3a837f33daecfcf8978b405eaae20c"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/cornerstone-picks-up-a-53m-office-in-denvers-lodo\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/cornerstone-picks-up-a-53m-office-in-denvers-lodo\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/cornerstone-picks-up-a-53m-office-in-denvers-lodo\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2011\/12\/121511-Denver-1899-Wynkoop.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2011\/12\/121511-Denver-1899-Wynkoop.jpg","width":"480","height":"352"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/cornerstone-picks-up-a-53m-office-in-denvers-lodo\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Cornerstone Picks up $53M Office in Denver's LoDo"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/ff3a837f33daecfcf8978b405eaae20c","name":"Nicholas Ziegler","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/70e28229c24dc3cf14fac93ebb7647505c7519b301aa20c8f635957a4e8a8a66?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/70e28229c24dc3cf14fac93ebb7647505c7519b301aa20c8f635957a4e8a8a66?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/70e28229c24dc3cf14fac93ebb7647505c7519b301aa20c8f635957a4e8a8a66?s=96&d=mm&r=g","caption":"Nicholas Ziegler"},"url":"https:\/\/www.commercialsearch.com\/news\/author\/nicholasziegler\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2011\/12\/121511-Denver-1899-Wynkoop.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004035553","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/1201"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004035553"}],"version-history":[{"count":1,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004035553\/revisions"}],"predecessor-version":[{"id":1004625961,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004035553\/revisions\/1004625961"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004038204"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004035553"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004035553"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004035553"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}