T-Mobile Bucks Short-Term Lease Trend with 78,336 s.f. Denver Office Commitment

EverWest signs leading telecommunications provider to a 10-year lease expansion at Broadway Station

DENVER, CO (September 8, 2021) – Marking one of the larger long-term Denver office market leases completed during the pandemic, EverWest Real Estate Investors and Independencia Asset Management have signed a 78,336-square-foot, 10-year lease with T-Mobile at its Broadway Station office asset, located just south of downtown Denver.

Under the lease, T-Mobile will expand into two full floors at The Offices at Broadway Station. The company previously occupied approximately 30,000 square feet at the building.

“We have been working throughout the pandemic to complete this expansion,” said EverWest Executive Vice President and Head of Asset Management, Krystal Arceneaux. “T-Mobile’s commitment provides a clear path to long-term stabilization for Broadway Station and is an exceptional location for T-Mobile to consolidate and create efficiency at a single address.”

The Offices Broadway Station totals 318,053 square feet in two buildings. T-Mobile will lease two full floors at the 990 S. Broadway building, situated along I-25 in Denver’s Washington Park West neighborhood. Features at the office project include interstate visibility and signage, remodeled lobbies, an exterior plaza, a four-level parking structure, unobstructed mountain and Washington Park views, and immediate proximity to light rail.

Doug Wulf and Dan Miller of Cushman and Wakefield represented EverWest in the lease negotiations. Steve Billigmeier, also of Cushman and Wakefield, represented T-Mobile.

The Offices at Broadway Station is part of EverWest’s larger Colorado portfolio, which totals more than 2.3 million square feet of office and industrial space, and 304 multifamily units.

The Broadway Station asset is currently 86 percent leased to tenants including T-Mobile, Intellishift US, OrthoFi Inc. and the National Multiple Sclerosis Society. It has approximately 45,600 square feet available for lease in a range of suite sizes and configurations.

About EverWest Real Estate Investors LLC

EverWest Real Estate Investors LLC is a real estate investment advisor providing investment management services throughout the U.S. including acquisitions, asset management, development and property management for our investors. EverWest has $3.6 billion in assets under management as of second quarter 2021. The firm’s clients invest through separately managed accounts and commingled funds. EverWest is headquartered in Denver with regional investment offices in New York City, Charlotte, Los Angeles and San Francisco metro areas. EverWest is a wholly owned subsidiary of Canada-based GWL Realty Advisors. For more information, visit www.everwest.com or www.gwlra.com.