Crescent Real Estate Equities Co. announced 214,334 square feet of renewal, expansion and new commercial office lease agreements its Colorado office properties.
At 707 17th Street, a 550,805-square-foot class A office property located in downtown Denver, Verizon Business Services signed a renewal lease agreement for 99,955 square feet. Barry Dorfman and Dan McGowan of the Staubach Co. represented Verizon in this transaction. 707 17th Street currently is leased 93.6 percent.
At Regency Plaza, a 309,862-square-foot class A office property located in the Denver Technology Center submarket of Denver, Old Mutual Capital Inc. recently renewed its current lease and expanded into an additional 21,388 square feet, bringing its total leased space to 42,773 square feet. Tom Lee of Frederick Ross Co. represented Old Mutual Capital in this transaction. Regency Plaza, a property of Crescent Real Estate Funding One, L.P., currently is leased 93.8 percent.
At The Citadel, a 130,652-square-foot class A office property located in the Cherry Creek submarket of Denver, New York Life Insurance Co. renewed its lease for 15,744 square feet. Todd Wheeler of Cushman & Wakefield represented New York Life Insurance Company in this transaction. The Citadel, a property of Crescent Real Estate Funding One, L.P., currently is leased 91.3 percent.
At 44 Cook, a 124,174-square-foot class A office property located in the Cherry Creek submarket of Denver, Startek USA renewed its current lease and expanded into an additional 9,009 square feet, bringing its total leased space to 23,086 square feet. David Johnson of Johnson Real Estate Advisors represented Startek in this transaction. 44 Cook, a property of Crescent Real Estate Funding XIII, L.P., currently is leased 85.7 percent.
At Briargate Office and Research Center, a 260,046-square-foot class A office property located in Colorado Springs, leases were executed totaling 55,862 square feet on behalf of the owner, Crescent Real Estate Funding XII, L.P. Electronic Network Systems, Inc. signed a new lease for 20,039 square feet, and LaPlata Investments signed a new lease for 13,096 square feet.
Also, Principal Life Insurance Co. renewed its current lease for 22,727 square feet. Brokers representing the customers in these transactions include Michael Palmer of NAI Highland Commercial, Kent Mau of Sierra Commercial Real Estate and Kacie Bonjour of Terrus Real Estate Group. Including these leases, Briargate Office and Research Center is leased 87.3 percent.
Bruce Basham, Vice President, Leasing, represented Crescent in each of the transactions.
Crescent is a Fort Worth, Texas-based real estate investment trust.
