Union Tower

Jones Lang LaSalle, Inc. (“JLL”), as exclusive advisor, is pleased to present Union Tower (the “Property” or “Building”), a compelling value-add investment opportunity located in suburban Denver’s Union Boulevard Corridor in Lakewood, Colorado.

Union Tower, at 210,409 SF and 14 stories, inclusive of a 4-story parking garage, is the most prominent office building in Union Boulevard Corridor’s mixed-use micro-market. Currently 72.9% occupied with a weighted average lease term (WALT) of 3.5 years, the Property presents investors with stable near-term cash flows and meaningful upside potential via lease up and adding density on a 2.11-acre lot currently used for overflow parking.

The Building’s strategic advantage lies in its exceptional improvement profile, with 57% of the space classified as A-condition requiring only light tenant improvement allowances. The remaining space offers additional value-creation opportunities through strategic capital investment. In the previous 7 years, the building has received over $4.8 million in capital improvements.

Situated along Union Boulevard Corridor, one of Denver’s primary commercial arteries with excellent accessibility to downtown Denver via the light rail and major highway networks, Union Tower benefits from the submarket’s competitive rental rates and growing tenant demand. The Property’s location provides tenants with a suburban office environment while maintaining connectivity to the broader Denver metropolitan area.

With its combination of quality in-place tenancy, significant move-in ready space, and strategic Lakewood location, Union Tower represents an exceptional acquisition opportunity for investors seeking a well-positioned asset with multiple value-enhancement strategies in Denver’s western suburban market.