The 1550 17th St. building is owned by LPF Millennium Financial Center LLC, an investment fund that purchased the property in 2013 for $58.6 million. (Hayden Kim/BusinessDen)
EOG Resources, a Texas-based oil and gas giant, is prospecting for a new Denver regional headquarters next to Union Station.
The publicly traded company is eyeing a lease for the vast majority of office space at the Millennium Financial Center, 1550 17th St., according to several sources familiar with the deal.
A deal is not yet signed, sources said. The building is 138,000 square feet, according to marketing materials. JLL, which is marketing the building, says on its website that 115,000 square feet of office space is available.
The move would be a downsizing for EOG. The company currently has about 165,000 square feet at the other end of 17th Street in the Dominion Towers office complex at 600 17th St. Its lease there comprises about a quarter of the building and expires at the end of next year.
EOG did not respond to a request for comment Tuesday. Neither did the JLL brokers representing Millennium Financial Center, James Roupp and Michael Crane.
The oil and natural gas producer was founded in 1999, spinning off from the infamous Enron Corp. It raked in $23.7 billion in revenue last year and has a market capitalization of $67 billion.
The six-story, 25-year-old building sits a block from Union Station. It was the longtime home of law firm Davis Graham & Stubbs, which moved to RiNo last year. Fortis Bank, which operated on the first and second floors for years, has taken space in the Denver Tech Center and no longer lists the building on its website.
In an interview with BusinessDen about Millennium Financial Center’s vacancy last October, JLL’s Crane said it presented “a unique opportunity for downtown.”
“It has that LoDo-esque feel, but has all the attributes of 21st-century construction,” he said at the time.
The property has four decks of below-ground secured parking, outdoor spaces on floors three through six and floor-to-ceiling windows. Crane said in October he was targeting large tenants and wasn’t planning to immediately divide the building into smaller built-out “spec suites,” a hot trend in today’s cooling office market.
“These are the kind of buildings that an Amazon or some other group is going to look at this location,” Crane said at the time.
The 1550 17th St. building is owned by LPF Millennium Financial Center LLC, an investment fund that purchased the property in 2013 for $58.6 million. (Hayden Kim/BusinessDen)
EOG Resources, a Texas-based oil and gas giant, is prospecting for a new Denver regional headquarters next to Union Station.
The publicly traded company is eyeing a lease for the vast majority of office space at the Millennium Financial Center, 1550 17th St., according to several sources familiar with the deal.
A deal is not yet signed, sources said. The building is 138,000 square feet, according to marketing materials. JLL, which is marketing the building, says on its website that 115,000 square feet of office space is available.
The move would be a downsizing for EOG. The company currently has about 165,000 square feet at the other end of 17th Street in the Dominion Towers office complex at 600 17th St. Its lease there comprises about a quarter of the building and expires at the end of next year.
EOG did not respond to a request for comment Tuesday. Neither did the JLL brokers representing Millennium Financial Center, James Roupp and Michael Crane.
The oil and natural gas producer was founded in 1999, spinning off from the infamous Enron Corp. It raked in $23.7 billion in revenue last year and has a market capitalization of $67 billion.
The six-story, 25-year-old building sits a block from Union Station. It was the longtime home of law firm Davis Graham & Stubbs, which moved to RiNo last year. Fortis Bank, which operated on the first and second floors for years, has taken space in the Denver Tech Center and no longer lists the building on its website.
In an interview with BusinessDen about Millennium Financial Center’s vacancy last October, JLL’s Crane said it presented “a unique opportunity for downtown.”
“It has that LoDo-esque feel, but has all the attributes of 21st-century construction,” he said at the time.
The property has four decks of below-ground secured parking, outdoor spaces on floors three through six and floor-to-ceiling windows. Crane said in October he was targeting large tenants and wasn’t planning to immediately divide the building into smaller built-out “spec suites,” a hot trend in today’s cooling office market.
“These are the kind of buildings that an Amazon or some other group is going to look at this location,” Crane said at the time.
