June 23, 2021 12:00 PM
Newmark announces technology company Fivetran’s 38,000 square-foot lease renewal and expansion at STEAM on the Platte. Fivetran is an Oakland, California-headquartered technology company providing high-performance pipelines to deliver data into modern cloud warehouses without configuration or maintenance. Fivetran reached unicorn status after a $100 million Series C funding round in June of 2020, led by Andreessen Horowitz and General Catalyst, valuing the company at $1.2 billion.
Newmark Associate Director Josh Pons and Senior Managing Director Andrew Blaustein represented the tenant, Fivetran, in the lease. The landlord is Urban Ventures.
“Since Fivetran’s establishment of its initial office in Denver, we have continued to execute on a scalable growth strategy for the company and were thrilled to enable them to have the space to expand within STEAM on the Platte,” said Pons. “The design of this office is truly unique and aligns itself well with Fivetran’s tremendous culture of inclusion and community engagement.”
Located at 1401 Zuni Street, STEAM on the Platte is a 65,000-square-foot, mixed-use community located along the Platte River in Denver, Colorado. The property offers a convenient downtown location proximate to two light rail stops and the Platte River Bike Trail. The first phase included the conversion of the 100-year-old rag-baling warehouse into creative office space as well as the the renovation of a 6,000 square foot bow truss building into Raices Brewery. Future phases will include the addition of new office and residential buildings.
“With an emphasis on flexible workstations and functional amenities like dedicated training spaces and community building areas, our expanded office is a model workplace of the future,” said Taylor Brown, Fivetran COO and Co-Founder. “Based on extensive research and feedback from our employees, our new office will be seen as another unique employee benefit that makes Fivetran a great place to work and grow your career.”
With a focus on the employee experience, Fivetran’s office will now evolve to include a dedicated training hub, lounge, gym and workspace to meet the needs of their growing team.
About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries (“Newmark”), is a world leader in commercial real estate services, with a comprehensive suite of investor/owner and occupier services and products. Our integrated platform seamlessly powers every phase of owning or occupying a property. Our services are tailored to every type of client, from owners to occupiers, investors to founders, growing startups to leading companies. Harnessing the power of data, technology, and industry expertise, we bring ingenuity to every exchange, and imagination to every space. Together with London-based partner Knight Frank and independently owned offices, our 18,800 professionals operate from approximately 500 offices around the world, delivering a global perspective and a nimble approach. In 2020, Newmark generated revenues in excess of $1.9 billion. To learn more, visit nmrk.com or follow @newmark.
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Statements in this document regarding Newmark that are not historical facts are “forward-looking statements” that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. These include statements about the effects of the COVID-19 pandemic on the Company’s business, results, financial position, liquidity and outlook, which may constitute forward-looking statements and are subject to the risk that the actual impact may differ, possibly materially, from what is currently expected. Except as required by law, Newmark undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Newmark’s Securities and Exchange Commission filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10-Q or Form 8-K.