Shuttered WeWork space along Platte Street on the market for lease

3.4D WeWork

WeWork is closing four Denver locations, including one in The Lab building at 2420 17th St. (BusinessDen file)

One of the four Denver WeWork locations that the company closed at the end of February is being marketed for lease.

Cushman & Wakefield has the listing for the top two floors — about 50,000 square feet — in The Lab building at 2420 17th St. in Denver, just off Platte Street. CoStar lists the asking price as $35 a square foot on a triple-net lease.

A broker marketing the floors, which feature dozens of small offices, did not respond to a request for comment. WeWork declined to comment.

The Lab building is owned by an LLC affiliated with New York-based asset manager BlackRock, which bought it in 2018.

New York-based WeWork also closed locations in February at The Vault at 821 17th St., The Hub at 3601 Walnut St. and Civic Center Plaza at 1560 N. Broadway. As of Wednesday, those spaces — about 180,000 square feet across the three buildings — were not listed on CoStar as available.

In addition to the locations that it closed, WeWork has previously backed out of two signed leases at buildings where it never opened — Rev360 at 3600 Brighton Blvd. and 1660 Lincoln St. downtown.

WeWork also signed for the entire building at 2323 Delgany St., although the landlord terminated the lease earlier this year, saying in court filings that the company wasn’t paying rent. Two lawsuits have since been filed, the most recent just last week.

WeWork continues to operate five locations in Denver, including one in the Circa building along Platte Street.

3.4D WeWork

WeWork is closing four Denver locations, including one in The Lab building at 2420 17th St. (BusinessDen file)

One of the four Denver WeWork locations that the company closed at the end of February is being marketed for lease.

Cushman & Wakefield has the listing for the top two floors — about 50,000 square feet — in The Lab building at 2420 17th St. in Denver, just off Platte Street. CoStar lists the asking price as $35 a square foot on a triple-net lease.

A broker marketing the floors, which feature dozens of small offices, did not respond to a request for comment. WeWork declined to comment.

The Lab building is owned by an LLC affiliated with New York-based asset manager BlackRock, which bought it in 2018.

New York-based WeWork also closed locations in February at The Vault at 821 17th St., The Hub at 3601 Walnut St. and Civic Center Plaza at 1560 N. Broadway. As of Wednesday, those spaces — about 180,000 square feet across the three buildings — were not listed on CoStar as available.

In addition to the locations that it closed, WeWork has previously backed out of two signed leases at buildings where it never opened — Rev360 at 3600 Brighton Blvd. and 1660 Lincoln St. downtown.

WeWork also signed for the entire building at 2323 Delgany St., although the landlord terminated the lease earlier this year, saying in court filings that the company wasn’t paying rent. Two lawsuits have since been filed, the most recent just last week.

WeWork continues to operate five locations in Denver, including one in the Circa building along Platte Street.

This story is for our paid subscribers only. Please become one of the thousands of BusinessDen members today!

Your subscription has expired. Renew now by choosing a subscription below!

For more informaiton, head over to your profile.

Profile


SUBSCRIBE NOW

 — 

 — 

 — 

TERMS OF SERVICE:

ALL MEMBERSHIPS RENEW AUTOMATICALLY. YOU WILL BE CHARGED FOR A 1 YEAR MEMBERSHIP RENEWAL AT THE RATE IN EFFECT AT THAT TIME UNLESS YOU CANCEL YOUR MEMBERSHIP BY LOGGING IN OR BY CONTACTING [email protected].

ALL CHARGES FOR MONTHLY OR ANNUAL MEMBERSHIPS ARE NONREFUNDABLE.

EACH MEMBERSHIP WILL ONLY FUNCTION ON UP TO 3 MACHINES. ACCOUNTS ABUSING THAT LIMIT WILL BE DISCONTINUED.

FOR ASSISTANCE WITH YOUR MEMBERSHIP PLEASE EMAIL [email protected]




Return to Homepage

POSTED IN Commercial Real Estate

Editor's Picks

Leave a Reply

Your email address will not be published. Required fields are marked *