VF Corp. leases the entire building at 1551 Wewatta St. in downtown Denver. (Matt Geiger/BusinessDen)
David McGrath has just done deals with two of the biggest publicly traded companies in Denver.
The CEO of MarketOnce recently sublet his company’s office at 205 Detroit St. in Cherry Creek to Palantir. Right before that, he subleased space near Union Station from VF Corp.
“Palantir needed some short-term space while they await the completion of one of the new offices in Cherry Creek. And we needed more space for our business, so we took 1551 Wewatta space downtown, just west of the train station,” McGrath said.
McGrath’s deal with VF gives him the 30,000-square-foot top floor of the 10-story building, which the apparel giant fully leases. He said MarketOnce, formerly known as Oceanside Ten Holdings, has the space for five years, with a five-year extension possible.
At Financial House in Cherry Creek, meanwhile, MarketOnce has five years left on its lease for the 11,400-square-foot space. The company is one of the original tenants of the building completed in 2019.
Financial House was built in 2019 by Matt Joblon’s BMC Investments. (Matt Geiger/BusinessDen)
McGrath said MarketOnce will move back into the Cherry Creek space, while maintaining its new downtown digs, when Palantir — which didn’t respond to a request for comment — moves out. He expects that to be in about two years.
“We’re a rapidly expanding privately-held small business,” he said.
“Our business is in the research, consulting and digital marketing businesses as a service provider, and we support those businesses with proprietary software,” he added.
McGrath initially searched for 30,000 square feet in Cherry Creek but couldn’t find anything. The neighborhood has the area’s lowest office vacancy rate, and large blocks of space in particular are hard to find.
As a result, MarketOnce’s search moved downtown.
VF Corp. listed 1551 Wewatta’s top two floors for sublease last year, but ultimately decided to retain one of them, company spokesman Colin Wheeler told BusinessDen.
“We had interest from a number of potential tenants,” he said in an email.
MarketOnce moved in this past June. The floor had been furnished by VF but never occupied, according to Newmark broker Reed McLaughlin, who represented MarketOnce along with colleague Tom Lee.
“We love the location,” McGrath said. “We think it’s in the best part of downtown Denver.”
VF Corp. leases the entire building at 1551 Wewatta St. in downtown Denver. (Matt Geiger/BusinessDen)
David McGrath has just done deals with two of the biggest publicly traded companies in Denver.
The CEO of MarketOnce recently sublet his company’s office at 205 Detroit St. in Cherry Creek to Palantir. Right before that, he subleased space near Union Station from VF Corp.
“Palantir needed some short-term space while they await the completion of one of the new offices in Cherry Creek. And we needed more space for our business, so we took 1551 Wewatta space downtown, just west of the train station,” McGrath said.
McGrath’s deal with VF gives him the 30,000-square-foot top floor of the 10-story building, which the apparel giant fully leases. He said MarketOnce, formerly known as Oceanside Ten Holdings, has the space for five years, with a five-year extension possible.
At Financial House in Cherry Creek, meanwhile, MarketOnce has five years left on its lease for the 11,400-square-foot space. The company is one of the original tenants of the building completed in 2019.
Financial House was built in 2019 by Matt Joblon’s BMC Investments. (Matt Geiger/BusinessDen)
McGrath said MarketOnce will move back into the Cherry Creek space, while maintaining its new downtown digs, when Palantir — which didn’t respond to a request for comment — moves out. He expects that to be in about two years.
“We’re a rapidly expanding privately-held small business,” he said.
“Our business is in the research, consulting and digital marketing businesses as a service provider, and we support those businesses with proprietary software,” he added.
McGrath initially searched for 30,000 square feet in Cherry Creek but couldn’t find anything. The neighborhood has the area’s lowest office vacancy rate, and large blocks of space in particular are hard to find.
As a result, MarketOnce’s search moved downtown.
VF Corp. listed 1551 Wewatta’s top two floors for sublease last year, but ultimately decided to retain one of them, company spokesman Colin Wheeler told BusinessDen.
“We had interest from a number of potential tenants,” he said in an email.
MarketOnce moved in this past June. The floor had been furnished by VF but never occupied, according to Newmark broker Reed McLaughlin, who represented MarketOnce along with colleague Tom Lee.
“We love the location,” McGrath said. “We think it’s in the best part of downtown Denver.”
