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MachineWorks
1414 NW Northrup St Portland, OR 97209
10,697 m²
Jones Lang LaSalle Americas, Inc. (“JLL”), has been exclusively retained to present the rare investment opportunity to acquire 1900 Sixteenth (the “Building” or “Property”), an iconic and irreplaceable trophy office asset located adjacent to Union Station in the Lower Downtown(“LoDo”) neighborhood of Denver. Developed in 2009 and renovated in 2021, the 406,367 square foot (“SF”) ESG-focused tower defines the skyline at 17-stories and is one of the most sought-after buildings in the entire market.
Currently 87%* leased to a desirable roster of tenants including PricewaterhouseCoopers, First Western Trust, Analysis Group, and Meta, 1900 Sixteenth boasts continued leasing demand and significant rental rate growth year after year. This is exemplified by over 346,000 SF of new leases, renewals and expansions signed since 2021 alone, repeatedly setting new high-water mark rental rates for the Building.
1900 Sixteenth presents the Investor with the opportunity to acquire a prestigious trophy asset in a highly coveted location, at a significant discount to replacement cost with robust in-place cash flow and future mark-to-market upside. 1900 Sixteenth is a one-of-a-kind opportunity in downtown Denver’s best neighborhood.
*Adjusting to 82% in March 2025 after Meta right-sizes and extends.
PROPERTY OVERVIEW
IDEAL COMBINATION OF STABILITY AND UPSIDE
CONFLUENCE OF LODO, UNION STATION & LOHI
IN-DEMAND & SUPPLY- CONSTRAINED SUBMARKET