Colorado Real Estate Journal - August 19, 2015
A shared workspace provider signed a lease for 72,000 square feet of office space in the Triangle Building in the Denver Union Station neighborhood. WeWork, a workspace community for entrepreneurs, freelancers, startups and small businesses, will have a ground-floor, private entrance into the building with glass visibility to the main building lobby on the first and second floors. The lease fulfilled developer East West Partners’ goal of bringing a co-working tenant to the Union Station neighborhood. “Co-working and shared workspaces are a huge trend internationally, nationally and right here in Denver and is a concept we really wanted to bring to the Union Station neighborhood,” said East West managing partner Chris Frampton. “We couldn’t be more thrilled that WeWork has chosen the Triangle Building for its entrée in the Denver market.” WeWork will move into the building, scheduled for completion next month, in early 2016. Cushman & Wakefield of Colorado Inc. handled both sides of the transaction. With an earlier, 70,000-sf lease by Liberty Global, the 210,000- sf Triangle Building, located at 1550 Wewatta St., is two-thirds leased. East West Partners is in discussions with several potential tenants for the remaining space. East West is developing the building with a controlled affiliate of joint-venture partner Starwood Capital Group. They are targeting LEED Gold certification.