January 5, 2022 9:00 AM
Newmark announced that Moye White LLP has committed to a 42,527-square-foot headquarters office lease at The Current, a 238,000-square-foot, under-construction office development in Denver’s River North District. The 12-story, Class A office building is slated for delivery in the first quarter of 2023, with Moye White taking occupancy in May 2023.
Newmark Vice Chairman Tim Harrington and Executive Managing Director Nathan Johnson represented Moye White in the transaction. The developer, Schnitzer West, was represented by Newmark Executive Managing Director Jamie Gard and Director Jennifer Chavez. The lease represents the first tenant commitment to the speculative development, which started construction in May 2021 amid the COVID-19 pandemic.
In a pioneering move, Moye White is the first major law firm to commit to RiNo, a neighborhood that has primarily attracted Denver’s growing tech community. As office-use trends have been reshaped by pandemic-induced remote work, the law firm sees the move as an opportunity to embrace new ways of working as well as recruit and retain top legal talent. The real estate community predicts other professional services tenants will soon follow, in alignment with a similar trend that occurred during the buildout of LoDo, with legal and accounting firms increasingly relocating off 17th Street towards Union Station.
“At Moye White, we’ve always seen ourselves as innovators and trend-setters. Our move to Denver’s RiNo neighborhood allows us to embrace those characteristics while adapting to the workplace of the future,” said Moye White Managing Partner Thomas List. “Not only is the location ideal for building our future in Denver, but the building itself allows us to remain committed to our promise as a Certified B Corporation. It was important to us that we moved to a building focused on minimizing environmental impacts and supporting a healthy lifestyle for our employees.”
The Current, located at 3615 Delgany Street, is a new class of office building that includes cutting-edge features and technology to not only provide trophy-class office space, but also focus on health and wellness elements that benefit all employees. Top-floor view space has been repurposed as a common area featuring a great room with community collaboration space, huddle rooms and training rooms. An 8,000-square-foot rooftop deck features outdoor workspace, private event space and a serenity lawn featuring unmatched downtown and panoramic mountain views. The building features View Smart Windows, a technology that uses artificial intelligence to automatically adjust in response to the sun, increasing access to natural light and unobstructed views while eliminating the need for blinds and minimizing heat and glare. The building is also pursuing LEED certification.
“We’re extraordinarily excited to welcome Moye White as our first tenant at The Current. Moye White is one of Denver’s most prominent law firms and needed a building that enhanced their workforce productivity and helped attract and retain talent,” said Kyle Flippen, Development Manager at Schnitzer West. “ We’re thrilled that Moye White will be the first company to take advantage of the abundant amenities, outdoor space and amazing location that The Current offers. We have received robust tenant interest at The Current and continue to see flight to quality, as tenants everywhere evaluate and adapt to the future of office working.”
As a Certified B Corporation—a designation that requires businesses meet high standards for maintaining a positive social and environmental impact—the health and wellness features of the building are particularly important to Moye White. Schnitzer West’s forward-thinking and best-in-class amenities helped separate The Current from competitive developments.
High-quality, well-amenitized office product and new construction continue to attract high interest, as tenants are looking to occupy top-quality space as part of their return to work strategies. Moye White’s commitment to The Current underscores this trend.
About Moye White
Moye White LLP is a business law firm serving clients throughout the United States and internationally, with offices in Colorado and Georgia. The firm provides legal representation across a wide variety of transactional and litigation matters, offering strategic, business-oriented counsel to public, private, and governmental clients in complex business and real estate transactions and disputes. As one of the earliest national law firms to achieve B Corp certification, Moye White meets rigorous standards of social and environmental performance, transparency, and accountability. For more information, please visit moyewhite.com or contact Managing Partner Thomas List at 303-292-2900 or firstname.lastname@example.org.
About Schnitzer West
Schnitzer West is one of the West Coast’s leading commercial real estate investment and development companies. Schnitzer West has developed and repositioned 10.7 million SF of Class A core and suburban office, flex, bio-tech space, mixed-use, luxury multi-family apartment units and retail, and residential condominiums in the Seattle, Denver, and Portland markets. Currently Schnitzer West has 850,000 SF under construction and another 1.7 million SF in the pipeline. Schnitzer West manages 3.8 million SF of Class A office, flex, and industrial in the Seattle and Denver markets.
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries (“Newmark”), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark’s comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform’s global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. Newmark generated revenues in excess of $2.5 billion for the trailing twelve months ending September 30, 2021. Newmark’s company-owned offices, together with its business partners, operate from over 160 offices with approximately 6,200 professionals around the world. To learn more, visit nmrk.com or follow @newmark.
Discussion of Forward-Looking Statements about Newmark
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.