Drawbridge Inks Long-Term Lease at Denver Office Campus

An engineering and architecture company is on board for 12 years. Image courtesy of CommercialEdge

Drawbridge Realty has signed a long-term lease for 69,154 square feet in Greenwood Village, Colo. Merrick & Co., an engineering and architecture firm, committed to 12 years at Greenwood 4, one of five buildings at Greenwood Corporate Plaza. Newmark negotiated on behalf of the landlord, while Cushman & Wakefield represented the tenant.

Greenwood 4 is a 100,338-square-foot, three-story building at 8051 E. Maplewood Ave. It features two passenger elevators, floorplates ranging from 34,000 to 38,221 square feet, as well as 397 parking spots, CommercialEdge shows. Located about 14 miles from downtown Denver, the 36-acre Greenwood Corporate Plaza offers access to Interstate 25 and to multiple bus and rail stations.

Merrick’s lease brings occupancy at Greenwood 4 to 97 percent, Drawbridge noted. The tenant roster at the building, which is LEED Silver-certified, also includes Advanced Emissions Solutions Inc. and Pacific Medical Data Solutions.

Long-term owner

Drawbridge Realty has owned Greenwood 4 since 2015, when it purchased the building from ScanlanKemperBard Cos. as part of a $37 million portfolio deal, according to CommercialEdge. Also included in that acquisition was the campus’ 104,459-square-foot Greenwood 1, which is LEED Gold-certified.

Newmark’s team of Executive Managing Director Jamie Gard and Senior Managing Director Pete Staab negotiated on behalf of Drawbridge Realty. Cushman & Wakefield’s Vice Chairman Todd Wheeler and Steve Billigmeier, together with Managing Director Rob Bain and Director Sid Dixon, worked on behalf of the tenant.

Earlier this year, Cushman & Wakefield brokered another notable Denver deal: landlord Franklin Street Properties signed a lease renewal for 120,979 square feet at Greenwood Plaza, a two-building office campus in Eaglewood, Colo.