{"id":1004650180,"date":"2023-03-08T22:24:24","date_gmt":"2023-03-09T06:24:24","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004650180"},"modified":"2023-03-08T22:25:54","modified_gmt":"2023-03-09T06:25:54","slug":"patrinely-inks-lease-expansion-at-denver-tower","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/patrinely-inks-lease-expansion-at-denver-tower\/","title":{"rendered":"Patrinely JV Inks Lease Expansion at Denver Tower"},"content":{"rendered":"
\"Image<\/a>

Block 162. Image courtesy of Patrinely Group<\/em><\/p><\/div>\n

Sherman & Howard<\/strong> has expanded its commitment at Block 162, a 30-story office tower in Denver developed by Patrinely Group<\/strong> and USAA Real Estate<\/strong>. The law firm, which was the first major tenant at the speculative Class A tower, expanded its initial 60,000-square-foot lease<\/a> by 12,049 square feet roughly 15 months since its initial occupancy.<\/span><\/p>\n

Completed in the second quarter of 2021, Block 162 is a 596,295-square-foot high-rise in Denver\u2019s Central Business District. The property is LEED Gold Core and Shell certified. <\/span>The tenant roster includes Matillion, Bain & Co., Moss Adams and Brownstein, CommercialEdge data shows. Cushman & Wakefield<\/strong>\u2019s Vice Chairman Todd Wheeler and Executive Managing Director Douglas Wulf are the appointed as leasing brokers of the building.<\/p>\n

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READ ALSO<\/strong>: Top 10 States for LEED-Certified Office Properties in 2022<\/span><\/a><\/p>\n

\n

The property\u2019s office space is spread across floors 11th to 30th, while the amenity area on the 11th floor includes a fitness center, a common-area lounge, conference spaces, an outdoor terrace and a rooftop garden. The tower features 12 passenger elevators, 29,636-square-foot floor plates, 10,000 square feet of retail space on the first floor and 956 parking spots.<\/span><\/p>\n

Situated at at 675 15th St., the building is close to multiple railway stations and Interstate 25. The property is 4 miles from Cherry Creek Shopping Center, 16 miles from Aurora, Colo., and within 21 miles of Denver International Airport. <\/span><\/p>\n

Office vacancy widens in Western U.S.<\/h2>\n

According to a recent CommercialEdge report<\/a>, the national vacancy rate reached 16.6 percent in January, while remote work and tech layoffs continue to affect the office market. Denver registered a 18.3 percent rate that month, marking a 200-basis-point increase year-over-year and up 370 basis points over the last two years. San Francisco had the highest vacancy rate across western markets, hitting 18.8 percent.<\/p>\n

Earlier in 2022, Patrinely and USAA Real Estate<\/span> wrapped construction on a 10-story, Class A office tower<\/a> in Salt Lake City. EnerBank was the first tenant to sign a lease<\/a> at the 332,000-square-foot property. Designed by HOK, the building is LEED Gold certified.<\/p>\n","protected":false},"excerpt":{"rendered":"

The law firm bolstered its initial 60,000-square-foot commitment at the recently completed high-rise.<\/p>\n","protected":false},"author":2991,"featured_media":1004650183,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,1587,21742,21747,21786,15],"tags":[32799,32779,33948,44930],"class_list":["post-1004650180","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-denver","category-latest","category-office","category-sustainability","category-west","tag-cushman-wakefield","tag-leed","tag-patrinely-group","tag-usaa-real-estate"],"acf":[],"yoast_head":"\nPatrinely JV Inks Lease Expansion at Denver Tower - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Sherman & Howard has signed a lease expansion at Block 162, an office tower in Denver.\" \/>\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\/patrinely-inks-lease-expansion-at-denver-tower\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Patrinely JV Inks Lease Expansion at Denver Tower\" \/>\n<meta property=\"og:description\" content=\"Sherman & Howard has signed a lease expansion at Block 162, an office tower in Denver.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/patrinely-inks-lease-expansion-at-denver-tower\/\" \/>\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=\"2023-03-09T06:24:24+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-03-09T06:25:54+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/03\/block-162-Denver-e1678268117451.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1065\" \/>\n\t<meta property=\"og:image:height\" content=\"798\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Simona Tudose\" \/>\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\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/patrinely-inks-lease-expansion-at-denver-tower\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/patrinely-inks-lease-expansion-at-denver-tower\/\",\"name\":\"Patrinely JV Inks Lease Expansion at Denver Tower - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/patrinely-inks-lease-expansion-at-denver-tower\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/patrinely-inks-lease-expansion-at-denver-tower\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/03\/block-162-Denver-e1678268117451.jpg\",\"datePublished\":\"2023-03-09T06:24:24+00:00\",\"dateModified\":\"2023-03-09T06:25:54+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/4659e2337f06b61cefc6b0b897d183a4\"},\"description\":\"Sherman & Howard has signed a lease expansion at Block 162, an office tower in Denver.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/patrinely-inks-lease-expansion-at-denver-tower\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/patrinely-inks-lease-expansion-at-denver-tower\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/patrinely-inks-lease-expansion-at-denver-tower\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/03\/block-162-Denver-e1678268117451.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/03\/block-162-Denver-e1678268117451.jpg\",\"width\":1065,\"height\":798,\"caption\":\"Block 162. 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