9:30 AM
Newmark Grubb Knight Frank, Colorado-based developer McWhinney, long-time property owner Grand American Inc. and hotel operator Sage Hospitality today announced a new lease agreement with Prologis, the global leader in industrial real estate. NGKF’s Tim Harrington, Tom Lee, John Tilton and Jennifer Chavez represented McWhinney in the transaction.
Prologis will relocate its operations headquarters to Z Block in Lower Downtown and occupy the top two floors of the 235,000 square foot six-story office building currently under construction. As the cornerstone tenant of the office building, Prologis will have building signage.
“We are very proud to have Prologis call Denver home for many years,” said Denver mayor Michael B. Hancock. “Bringing Prologis to LoDo adds to the undeniable energy and activity surging through Denver that is attracting the best businesses and workforce from across the country.”
Z Block is one of downtown Denver’s newest urban infill projects, a mixed-use office, hotel and retail development along Wazee Street between 18th and 19th Streets. Upon completion of the office building, Z Block plans to obtain Gold LEED® certification.
“The decision to relocate our operations headquarters was significant,” said Edward S. Nekritz, Prologis chief legal officer and general counsel. “It was important for us to put our stamp on a new building and office environment that reflects our culture. Z Block will be a fantastic addition to LoDo, and we look forward to being an integral part of this important development for the long term.”
“We are pleased to build state-of-the art office space for Prologis,” said Chad McWhinney, CEO and Co-Founder of McWhinney. “Prologis wanted to offer its team superior office amenities, excellent access to mass transit and proximity to all that LoDo has to offer, including hotels, restaurants and sports and entertainment venues.”
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 12,000 professionals operate from more than 330 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/.