{"id":1004130612,"date":"2015-11-02T08:22:32","date_gmt":"2015-11-02T16:22:32","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004130612"},"modified":"2021-05-15T06:58:42","modified_gmt":"2021-05-15T14:58:42","slug":"columbia-property-trust-retains-top-tenant-in-denver-area","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/columbia-property-trust-retains-top-tenant-in-denver-area\/","title":{"rendered":"Columbia Property Trust Retains Top Tenant in Denver Area"},"content":{"rendered":"<p><em>By Barbra Murray, Contributing Editor<\/em><\/p>\n<div id=\"attachment_1004130613\" style=\"width: 160px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/11\/DarikAfshani.png\"><img decoding=\"async\" aria-describedby=\"caption-attachment-1004130613\" data-attachment-id=\"1004130613\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/columbia-property-trust-retains-top-tenant-in-denver-area\/darikafshani\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/11\/DarikAfshani.png\" data-orig-size=\"347,494\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"DarikAfshani\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/11\/DarikAfshani.png?w=347\" loading=\"lazy\" class=\"wp-image-1004130613 size-thumbnail\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/11\/DarikAfshani.png\" alt=\"DarikAfshani\" width=\"150\" height=\"150\" \/><\/a><p id=\"caption-attachment-1004130613\" class=\"wp-caption-text\">Darik Afshani, Columbia Property Trust<\/p><\/div>\n<p><a href=\"https:\/\/www.columbiapropertytrust.com\/\" target=\"_blank\" rel=\"nofollow noopener\">Columbia Property Trust Inc.<\/a> knows how to hold on to a good thing. The REIT recently secured a new commitment from engineering and construction firm <a href=\"https:\/\/www.ch2m.com\/\" target=\"_blank\" rel=\"nofollow noopener\">CH2M<\/a> with the signing of a 370,000-square-foot lease renewal at Columbia\u2019s 478,000-square-foot South Jamaica Street office campus in Englewood, Colo.<\/p>\n<p>Sited on 31 acres in Denver\u2019s Southeast Business Corridor, the four-building South Jamaica complex was developed as a build-to-suit for CH2M\u2019s world headquarters over a four-year period ending in 2007. And it was in 2007 when the firm\u2019s relationship commenced with Columbia. That year, Columbia\u2014then known as Wells Real Estate Investment Trust II\u2014acquired the property in a $138.5 million sale-leaseback transaction.<\/p>\n<p>While CH2M is staying put for the long term, it will maintain its headquarters in only three of South Jamaica\u2019s four buildings, which will leave the complex with an occupancy level of just 77.5 percent at the end of the first quarter of 2016. However, instead of being daunted by the prospect of leasing up the remaining square-footage, Columbia is, as the REIT\u2019s president &amp; CEO Nelson Mills said in a prepared statement, \u201cexcited about the opportunity.\u201d<\/p>\n<p>Absorption has a little something to do with it. Denver\u2019s Southeast Suburban submarket leads the entire Denver office market in year-to-date absorption, with a total of just over 266,000 square feet, according to a third quarter report by commercial real estate services firm Newmark Grubb Knight Frank, which oversees leasing at South Jamaica. As Columbia\u2019s Darik Afshani, vice president, asset management, told <em>Commercial Property Executive<\/em>, \u201cDenver\u2019s diverse economy continues to experience strong population and job growth, driving office demand. Companies continue to be attracted to the city for its quality of life and access to a highly educated workforce.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Columbia Property Trust Inc. secured a new commitment from engineering and construction firm CH2M with the signing of a 370,000-square-foot lease renewal at Columbia\u2019s 478,000-square-foot South Jamaica Street office campus in Englewood, Colo.<\/p>\n","protected":false},"author":969,"featured_media":1004130613,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1587,13,21742,21747],"tags":[],"class_list":["post-1004130612","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-denver","category-midwest","category-latest","category-office"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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