At a groundbreaking event today, developer First Gulf announced that national law firm Polsinelli has signed a 15-year lease as the anchor tenant in a new 22-story, 306,000-square-foot building at 1401 Lawrence in Denver. Polsinelli will initially occupy 86,664 square feet of office space on the top four floors of the building, with an option to lease two additional floors for a total of 130,000 square feet.
Located at the intersection of 14th Street and Lawrence Street, the Class AA office building will be situated between Denver’s central business district and the popular Larimer Square corridor. Construction will begin this month, with occupancy expected to start in early 2016. While its parent company, Great Gulf, has a well-established residential presence in the city, this is First Gulf’s first significant commercial project in Denver.
Established in 1998, the Denver office of Polsinelli has more than doubled in size to 60 attorneys in the past five years, providing a variety of legal services including health care, real estate and construction, intellectual property, technology and business litigation. With the new location and additional lease option, the firm has the potential to more than double the space of its current Denver office at 1515 Wynkoop St. to meet growing client needs in the Rocky Mountain region and nationwide. Polsinelli expects to move into the new building in the summer of 2016. Nationally, Polsinelli is the fastest growing law firm in the U.S. for the past six years, according to the leading legal business and law firm publication, The American Lawyer.
“We are delighted to have a strong, growing firm like Polsinelli as our anchor tenant for this exciting development,” said John MacNeil, First Gulf president and partner. “Our vision is to create an innovative architectural design with great outdoor amenity space that complements what we believe to be one of the premier office locations in all of Denver.”
With the building developers targeting LEED® Gold certification, MacNeil describes 1401 Lawrence as providing tenants with unmatched views of the mountains and the city skyline. Beautiful outdoor terrace space and on-site fitness facilities, as well as retail and restaurant space at street level, will contribute to the convenience and desirability of this office building. Located only four blocks from the Stout Street light rail station and two blocks from 16th Street mall transportation, and boasting immediate access to major highway entrances and exits, 1401 Lawrence will offer easy accessibility in and out of the city. The building will also provide indoor parking with approximately 400 parking spaces. As the anchor tenant, the Polsinelli name will be featured prominently at the top of the building.
“Being the lead tenant in this new building in the heart of downtown represents our continued involvement and commitment to the Denver business, civic and philanthropic community,” said Gene Commander, Denver office managing partner and shareholder of Polsinelli. “We’re proud that Polsinelli continues to grow and expand to meet the legal needs of companies and clients throughout our region. It’s an exciting time for our city and all of the attorneys and staff at our firm.”
Nationally, Polsinelli has one of the country’s top-rated health care practices according to The American Health Lawyers Association. The Denver office has one of the fastest-growing health care practices in Colorado. The firm recently had 136 of its attorneys nationwide named to The Best Lawyers in America® 2015, including 11 from the Denver office.
Jeff Castleton and Jamie Gard of international commercial real estate advisory firm Newmark Grubb Knight Frank are the listing brokers, working with Robert Link of Savills Studley. More information about the building can be found here: http://www.firstgulf.com/search-details.php?id=144&step_one=
*American Lawyer, June 2013, http://sftp.polsinelli.com/files/upload/ArticleAMLPolsinelli2013.pdf
real challenges. real answers.SM Polsinelli is a first generation Am Law 100 firm, serving corporations, institutions, entrepreneurs and individuals nationally. Our attorneys successfully build enduring client relationships by providing practical legal counsel infused with business insight, and with a passion for understanding how to assist General Counsel and CEOs achieve their legal objectives. Polsinelli is ranked 18th in number of U.S. partners** and has more than 740 attorneys in 19 offices. Polsinelli was profiled in the June 2013 issue of The American Lawyer as the fastest-growing law firm in America over a five-year period and has maintained this position. The firm focuses on healthcare, financial services, real estate, life sciences and technology, energy and business litigation, and has depth of experience in 100 service areas and 70 industries. The firm can be found online at www.polsinelli.com. Polsinelli PC. In California, Polsinelli LLP.
**Law360, March 2014
About First Gulf
Founded in 1987, First Gulf is the commercial arm of Great Gulf – one of North America’s most innovative and diversified real estate development companies. First Gulf offers leasing, development, construction, finance and project management expertise, providing clients with unique market opportunities which would be unavailable through a traditional developer role. With more than $2.5-billion in developed assets, they have developed and constructed over 30-million square feet of office, retail, mixed-use, and industrial real estate across North America. First Gulf’s impressive portfolio of recent landmark office developments include the Canadian head offices for The Globe and Mail Centre, Coca Cola and Siemens Canada. For further information, please visit www.firstgulf.com.