Transwestern Brokers 15,000-SF Lease on Behalf of Westport Capital Partners
October 18, 2022
DENVER – Transwestern Real Estate Services (TRS) announces that it brokered a 15,000-square-foot lease with Ireland Stapleton Pryor & Pascoe, PC at 1660 Lincoln St. in Downtown Denver. Transwestern Senior Vice President Whitney Hake and Associate Grace Lessard brokered the lease on behalf of building ownership, an entity owned by certain funds managed by Westport Capital Partners, and the team leads leasing efforts for the 300,000-square-foot, Class A office building.
Ireland Stapleton, a Colorado business law firm that has been in Denver since 1926, will move its firm headquarters to the 30th floor of 1660 Lincoln, with occupancy scheduled for the second quarter of 2023. The new location, on 1660 Lincoln’s “penthouse” floor, provides the firm’s team and clients with outstanding state capitol and mountain views, an efficient floorplate to maximize collaboration and workflow, and significant building signage opportunities. The law firm will be relocating from Denver City Center, 717 17th St.
Renovated in 2016, 1660 Lincoln is LEED gold office building, with 30 floors of space and an 11-story parking garage. The building offers tenants a full menu of amenities, including an 8,800-square-foot lobby lounge, a training room with space for 90 people, 24-7 security personnel, table games, and Forte Denver, a local coffee and wine bar that opened in the summer of 2022. The building offers easy access from Broadway and Lincoln Street, as well as from public transportation, and is located within walking distance of numerous hotels, retail and restaurants.
“Ireland Stapleton’s 10-year lease follows a notable ‘flight to quality’ trend that we have seen in Downtown Denver, as many companies take advantage of market opportunities,” said Hake. “We appreciate Ireland Stapleton’s decision to relocate to 1660 Lincoln, as we made the same decision for our team in August. We are pleased to welcome them to the building.”
Ireland Stapleton was represented in the lease by Bill Baldwin, Paul Herzog and Rob Anderson of Cresa.
The building is located in Denver’s Downtown submarket, which had 28 million square feet of Class A office space with 23.9 percent vacancy, as of the close of the third quarter of 2022, according to research by Transwestern.
About Westport Capital Partners
Westport Capital Partners is a diversified, disciplined private real estate investment firm founded in 2005 by a core team of principals that have worked together for an average of 21 years, investing across numerous real estate cycles. The firm focuses on long-term value creation through investments in select properties, operating companies, securities and other real estate related assets. For more information, please visit https://www.westportcp.com.
About Transwestern Real Estate Services
Transwestern Real Estate Services (TRS) adds value for investors, owners and occupiers of all commercial property types through a comprehensive perspective and by providing solutions grounded in sound market intelligence. Part of the Transwestern companies, the firm applies a consultative approach to Agency Leasing, Asset Services, Tenant Advisory + Workplace Solutions, Capital Markets, and Research & Investment Analytics.
The privately held Transwestern companies have been delivering a higher level of personalized service and innovative real estate solutions since 1978. Through an integrated, customized approach that begins with good ideas, the firm drives value for clients across commercial real estate services, development, investment management, and opportunistic endeavors for high-net-worth investors. Operating from 33 U.S. offices, Transwestern extends its platform capabilities globally through strategic alliance partners whose unique geographic, cultural, and business expertise fuels creative solutions. Learn more at transwestern.com and @Transwestern.