Office building under construction in Cherry Creek fully leased

Office building under construction in Cherry Creek fully leased

Aug. 10, 2022

Cranes on Clayton in DenverThe office building under construction at 200 Clayton St. in Cherry Creek is now fully leased, according to its developer.

Broe Real Estate Group, a division of Denver-based The Broe Group, said Tuesday that the eight-story, 76,000-square-foot 200 Clayton building has topped out and is on track for completion late in the first quarter next year.

The firm broke ground on the project in August 2021. At the time, the company said that OmniTrax, a railroad company owned by The Broe Group, would take the building’s second and third floors.

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Broe Real Estate Group Tops Off Cherry Creek’s Newest Development

Broe Real Estate Group Tops Off Cherry Creek’s Newest Development

Aug. 10, 2022

Long-term commitments from Aon, Charles Schwab, OmniTRAX, and Vantage Data Centers Pace Building to Open at Full Occupancy

DENVER – August 10, 2022 – 200 Clayton, phase one of the newest project from multi-billion-dollar, Colorado-based developer Broe Real Estate Group, has reached its steel structure top off. On pace for a late Q1 completion, 200 Clayton, is an eight-story mixed use project adding 76,000 SQFT of Class A office space to the highly coveted Cherry Creek North market.

Prominently positioned at “Main and Main” in the heart of Cherry Creek North, the $150MM phased development will serve as the long-term home to a high-quality tenant base that includes AON, Charles Schwab, OmniTRAX, and Vantage Data Centers. Leasing for the project has been led by CBRE’s Blake Holcomb and Brian Hutt.

“The demand for this project’s prime Cherry Creek North location, contemporary design, and its modern energy efficient building systems has been exceptionally strong,” said BREG CEO Doug Wells. “We are pleased to have attracted such a high-quality group of tenants that matches our long-term commitment and approach to this generational asset.”

“200 Clayton will bring hundreds of new employees to our vibrant neighborhood, and we are proud to see a long-time partner like The Broe Group continue to invest in Colorado,” said Cherry Creek North President and CEO Nick LeMasters. “The high demand for this project continues to demonstrate the value that employers find in Cherry Creek North’s unparalleled amenities and the benefits that its location offers employees, clients, and partners.”

The phased Clayton project also retains The Broe Group’s decades-long Cherry Creek headquarters. Phase two of the project, 250 Clayton, will continue the block’s transformation with a planned Q2 2023 start.

About Broe Real Estate Group

Broe Real Estate Group, an affiliate of The Broe Group, acquires, develops and manages commercial real estate assets. Affiliated companies own and manage office and industrial properties, medical office buildings and multi-family communities across the country, including premier assets in many of the most desirable markets. The Broe Group has a 50-year history of value-add real estate investing in Colorado and across the United States. We improve value though the implementation of focused business plans that increase cash flow and create stable income streams. Additional information is available at broerealestate.com

About The Broe Group

Founded in 1972, The Broe Group is a private, multi-billion-dollar investment group with diversified holdings in real estate, rail, infrastructure, energy, agriculture, water, healthcare and technology throughout 37 North American states and provinces. Its deep operational knowledge derived from owning and operating multi-billion-dollar businesses and the global economic insights gleaned from serving its vast Fortune 500 clientele are strategic differentiators. The Broe Group’s entrepreneurial focus enables it to find true value wherever it resides. For more information, visit broe.com.      

Broe Real Estate Group Adds Multi-Family Expertise to Guide Multi-Market Growth

Broe Real Estate Group Adds Multi-Family Expertise to Guide Multi-Market Growth

Aug. 4, 2022

DENVER – August 4, 2022 –

Broe Real Estate Group (BREG), the multi-billion-dollar, Denver-based real estate developer, has named Ben Kendall Senior Vice President for Multi-Family Development. In his new role, Kendall will lead expansion of BREG’s multi-family projects that stretch from Colorado to Georgia and California.

BREG, developer of the award-winning $500M Country Club Towers II & III community, has three active Colorado multi-family development projects in the pipeline, in addition to its planned multi-market expansion. BREG’s new multi-family development initiative complements a robust portfolio of active industrial projects.

“Nationwide, demand for high-quality, multi-family developments continues at record levels and the category is a key component of our continued growth strategy,” said BREG CEO Douglas Wells. “Ben is a highly accomplished development director that brings the ideal skill set to lead BREG’s multi-family portfolio expansion.”

Kendall joins BREG following six years at Holland Partner Group where his responsibilities included site identification and acquisition, due diligence, development, marketing, and leasing. With extensive multi-family experience derived from developing thousands of multi-family units, Kendall’s industry expertise and market knowledge will guide BREG’s multi-market growth strategy.

“I’m excited to grow BREG’s well-earned reputation within the multi-family industry,” said Kendall. “Each new project will reflect BREG’s signature approach to multi-family development: high quality, high service developments that create a true sense of community. I look forward to working with Doug and the Broe team to expand this approach into new markets.”

About Broe Real Estate Group

Broe Real Estate Group, an affiliate of The Broe Group, acquires, develops and manages commercial real estate assets. Affiliated companies own and manage office and industrial properties, medical office buildings and multi-family communities across the country, including premier assets in many of the most desirable markets. The Broe Group has a 50-year history of value-add real estate investing in Colorado and across the United States. We improve value though the implementation of focused business plans that increase cash flow and create stable income streams. For more information, visit broerealestate.com.

 

About The Broe Group

Founded in 1972, The Broe Group is a private, multi-billion-dollar investment group with diversified holdings in real estate, rail, infrastructure, energy, agriculture, water, healthcare and technology throughout 37 North American states and provinces. Its deep operational knowledge derived from owning and operating multi-billion-dollar businesses and the global economic insights gleaned from serving its vast Fortune 500 clientele are strategic differentiators. The Broe Group’s entrepreneurial focus enables it to find true value wherever it resides. For more information, visit broe.com.