Newmark Grubb Knight Frank today announced privately-held EverWest Real Estate Partners (EverWest), along with investment partner WHI Real Estate Partners L.P. (WHIREP), has launched the repositioning of a vintage industrial building in Denver at 2323 Delgany Street, officially called The Yard at Denargo Market (The Yard). EverWest has partnered with WHIREP to introduce its highly-successful creative office strategy to the 85,000-square-foot structure transforming the property into what will be Denver’s most innovative office space yet. Walking distance to Union Station, The Yard is located in Denargo Market, part of RiverNorth (RiNo) and next to Lower Downtown (LoDo), two of Denver’s fastest-growing submarkets.
“The EverWest team is excited to roll our sleeves up on The Yard in Denver. The existing structure offers ultimate flexibility for us as we are designing these interactive common spaces and also delivers an amazing canvas for users who are looking for something different from traditional office space. The Gensler team has done a tremendous job of blending new use within this old structure making for a uniquely creative product,” remarked Curt Kremer, managing principal with EverWest.
Distinctive amenities at The Yard include flexible and adaptable tenant spaces, open lighting via 24 skylights and 19’ high windows, common conference space, collaborative areas, an outdoor patio, indoor bike storage, a fitness center and a refreshment bar. “The Yard’s main entrance incorporates a secure Bike Box, to accommodate Denver’s growing bike commuter population,” added Jamie Gard, executive managing director, NGKF, who along with Courtney Hasson, director, is handling the leasing and marketing for the property.
“This investment is a part of a creative office redevelopment strategy that EverWest is implementing nationally. The Yard’s concept and location fill a desirable space demand in the downtown Denver business district,” stated Kremer. Renovations are scheduled to begin late this year, with planned delivery scheduled for mid-2017.
“The Yard’s creative transformation follows EverWest’s successful acquisition of Panorama Corporate Center earlier this year, also located in a prime intersection in an expanding submarket,” remarked Krystal Arceneaux, Managing Principal with EverWest. One of the largest Denver metro office portfolio acquisitions in 2016, Panorama Corporate Center is 781,105 square feet, comprised of seven buildings.
The Denver-based investor and developer is expanding its local asset portfolio, which already includes the notable Cherry Creek Corporate Center, Broadway Station office portfolio and over 320,000 square feet of industrial product. EverWest is now introducing its successful creative adaptive-reuse office conversion of obsolete product to the Denver market after successful launches in Scottsdale, Tempe and Pasadena.
About Newmark Grubb Knight Frank
Newmark Grubb Knight Frank is one of the world’s leading commercial real estate advisory firms. Together with London-based partner Knight Frank and independently-owned offices, NGKF’s 12,800 professionals operate from more than 370 offices in established and emerging property markets on six continents.
With roots dating back to 1929, NGKF’s strong foundation makes it one of the most trusted names in commercial real estate. NGKF’s full-service platform comprises BGC’s real estate services segment, offering commercial real estate tenants, landlords, investors and developers a wide range of services including leasing; capital markets services, including investment sales, debt placement, appraisal, and valuation services; commercial mortgage brokerage services; as well as corporate advisory services, consulting, project and development management, and property and corporate facilities management services. For further information, visit www.ngkf.com.
NGKF is a part of BGC Partners, Inc., a leading global brokerage company servicing the financial and real estate markets. BGC’s common stock trades on the NASDAQ Global Select Market under the ticker symbol (NASDAQ: BGCP). BGC also has an outstanding bond issuance of Senior Notes due June 15, 2042, which trade on the New York Stock Exchange under the symbol (NYSE: BGCA). BGC Partners is led by Chairman and Chief Executive Officer Howard W. Lutnick. For more information, please visit http://www.bgcpartners.com/.