The 1660 17th property is known as the Struby-Estabrook building, built in 1885. (BusinessDen file)
Kentwood is moving on from Union Station.
The real estate brokerage will say goodbye to its storefront across from the downtown hub by the end of this year. Kentwood City Properties has operated there for two decades.
Kentwood CEO Gretchen Rosenberg told BusinessDen that the sale of the space earlier this year gave the firm an opportunity to exit its 6,000 square feet before the end of its lease.
Gretchen Rosenberg
“We just really had an opportunity to reflect on how our agents utilize a brick-and-mortar office,” Rosenberg said.
Agents nowadays are “dropping in and out” of the office, rather than spending most of their days there and meeting clients there, Rosenberg said. As a result, the 35 agents and four staffers within Kentwood City Properties could be fine with half as much space.
The search is on for somewhere smaller. Rosenberg said Kentwood has looked elsewhere in LoDo, but is also considering downtown-adjacent neighborhoods like LoHi.
While downtown condos and the like have been a focus for the City Properties group, its agents do deals all around the metro area and don’t necessarily live downtown, Rosenberg said. As a result, ease of access is also a priority for a new spot.
Kentwood’s space and adjacent units occupied by a physical therapist and car rental firm SIXT were purchased in March for $3.4 million by ZF Capital, which was established by RedPeak founder Mike Zoellner and son Michael.
The new owners have tapped JLL broker James Roupp to find a tenant to replace Kentwood. It could be used as either office or retail space, or house an experiential concept.
“This is one of the most visible and impactful locations in downtown Denver, uniquely suited for a flagship user that wants to make a statement in the heart of LoDo,” Roupp said in a statement. “Opportunities like this rarely come to market, and we’re excited to help connect the right tenant to such a premier property.”
The 1660 17th property is known as the Struby-Estabrook building, built in 1885. (BusinessDen file)
Kentwood is moving on from Union Station.
The real estate brokerage will say goodbye to its storefront across from the downtown hub by the end of this year. Kentwood City Properties has operated there for two decades.
Kentwood CEO Gretchen Rosenberg told BusinessDen that the sale of the space earlier this year gave the firm an opportunity to exit its 6,000 square feet before the end of its lease.
Gretchen Rosenberg
“We just really had an opportunity to reflect on how our agents utilize a brick-and-mortar office,” Rosenberg said.
Agents nowadays are “dropping in and out” of the office, rather than spending most of their days there and meeting clients there, Rosenberg said. As a result, the 35 agents and four staffers within Kentwood City Properties could be fine with half as much space.
The search is on for somewhere smaller. Rosenberg said Kentwood has looked elsewhere in LoDo, but is also considering downtown-adjacent neighborhoods like LoHi.
While downtown condos and the like have been a focus for the City Properties group, its agents do deals all around the metro area and don’t necessarily live downtown, Rosenberg said. As a result, ease of access is also a priority for a new spot.
Kentwood’s space and adjacent units occupied by a physical therapist and car rental firm SIXT were purchased in March for $3.4 million by ZF Capital, which was established by RedPeak founder Mike Zoellner and son Michael.
The new owners have tapped JLL broker James Roupp to find a tenant to replace Kentwood. It could be used as either office or retail space, or house an experiential concept.
“This is one of the most visible and impactful locations in downtown Denver, uniquely suited for a flagship user that wants to make a statement in the heart of LoDo,” Roupp said in a statement. “Opportunities like this rarely come to market, and we’re excited to help connect the right tenant to such a premier property.”
