
Palmer Center | Colorado Springs
90 S Cascade Ave, 2 N Cascade Ave, Colorado Springs, CO, 80903, US
459,500 平方呎
Jones Lang LaSalle Americas, Inc. (“JLL”), as exclusive advisor, is pleased to present the opportunity to acquire Trinity Place, a 17-story, 195,753 square foot (“SF”) asset that is home to Denver’s renowned La Loma restaurant and is ideally located at the confluence of the Uptown, Arapahoe Square, and Downtown Denver neighborhoods.
Trinity Place, currently 32.7% leased with a 1.4-years of WALT, offers investors exceptional versatility and upside potential. Its 12,200 SF floorplate aligns with Downtown Denver's most active tenant segment and historical occupancy at Trinity Place confirms the Building’s ability to attract and retain diverse tenants, from partial to full-floor users. Offered at an unprecedented basis, a new owner can leverage 110,850 SF (57% of RBA) of recently improved space to attract tenants with competitive rents, rapidly increasing occupancy and cash flow. As the Downtown office market continues rebound, there is significant potential for future rent growth which positions the Trinity Place for strong near-term performance and long-term value appreciation.
Currently unencumbered by long-term leases and featuring an efficient floorplate with optimal window line, Trinity Place not only offers value-add upside as an office investment, but also presents a compelling opportunity for residential conversion, maximizing investment potential. With its ground-floor retail anchor, ideal amenity spaces, H-shaped corridors providing full circulation, lack of long-term encumbrances, and strong potential for a diverse unit mix, Trinity’s prospects for success as a residential conversion are significant. The potential unit count (178) and unit mix at Trinity Place aligns well with current demand from Downtown tenants seeking an achievable monthly rent number.
Whether through office repositioning or residential transformation, Trinity Place stands ready to deliver exceptional returns, making it an unparalleled investment in Denver’s urban core.