{"id":1004203359,"date":"2018-01-12T06:57:37","date_gmt":"2018-01-12T14:57:37","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004203359"},"modified":"2022-12-09T02:15:08","modified_gmt":"2022-12-09T10:15:08","slug":"kbs-signs-18-ksf-office-lease-in-denver","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/kbs-signs-18-ksf-office-lease-in-denver\/","title":{"rendered":"KBS Signs 18 KSF Office Lease in Denver"},"content":{"rendered":"<p>By Jeff Hamann<\/p>\n<div id=\"attachment_1004203368\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/Granite-Tower.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004203368\" data-attachment-id=\"1004203368\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/kbs-signs-18-ksf-office-lease-in-denver\/granite-tower-2\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/Granite-Tower.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" 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;1&quot;}\" data-image-title=\"Granite Tower in Denver\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Granite Tower in Denver&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/Granite-Tower.jpg?w=800\" class=\"wp-image-1004203368 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/Granite-Tower.jpg\" alt=\"Granite Tower in Denver\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/Granite-Tower.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/Granite-Tower.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/Granite-Tower.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004203368\" class=\"wp-caption-text\">Granite Tower in Denver<\/p><\/div>\n<p>KBS REIT II has signed a lease with CoBiz Financial, a diversified financial services firm, renewing and expanding its presence\u00a0within Denver\u2019s Granite Tower high-rise. The lease encompasses a total of 18,529 square feet. At the start of December, the property had a vacancy rate of 2.5 percent, according to Yardi Matrix.<\/p>\n<p>Located at 1099 18th St. in downtown Denver, the 31-story Class A Granite Tower was constructed in 1982 and renovated in 2010. KBS acquired the tower in 2010 for $149 million from Granite Properties, per Yardi Matrix data. The building is LEED Gold certified and is served by a parking structure with spaces for 615 vehicles. The building\u2019s location puts it next to numerous public transportation routes and a plethora of shopping and dining options. Coors Stadium is a short walk away, within half a mile of the high-rise.<\/p>\n<p><em>\u201cWe are happy to help a long-term tenant with their ever-changing needs at Granite Tower,\u201d<\/em> said Mark Brecheen, senior vice president with KBS, in a prepared statement. <em>\u201cThis short-term renewal and expansion was important for CoBiz, and KBS was happy to help.\u201d<\/em><\/p>\n<p>This lease transaction comes after\u00a0an active year for\u00a0KBS nationwide,\u00a0which included the sale of The Citadel, a 131,000-square-foot <a href=\"https:\/\/www.commercialsearch.com\/news\/denver-office-building-trades-for-37m\/\">Denver office asset<\/a> in the city&#8217;s Cherry Creek submarket. Newmark Knight Frank\u2019s Nathan Johnson and Pete Staab represented KBS in the transaction, with Greg Holm of CBRE representing CoBiz Financial.<\/p>\n<p><em>Image courtesy of Yardi Matrix<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A financial services company has renewed and expanded its lease in Granite Tower, a Class A downtown Denver office high-rise.<\/p>\n","protected":false},"author":861,"featured_media":1004203368,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,21743,1587,21742,21747,15],"tags":[35877,33159,32779,38847],"class_list":["post-1004203359","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-deals","category-denver","category-latest","category-office","category-west","tag-granite-properties","tag-kbs-real-estate-investment-trust","tag-leed","tag-mark-brecheen"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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