Today, Newmark Grubb Knight Frank, developer McWhinney, property owner Grand American Inc. and hotel operator Sage Hospitality announced that Prologis, an industrial real estate firm has signed to lease office space in the Z Block development in Lower Downtown Denver.
Currently, construction work is taking place at the Z Block site at the block of Wazee street between 18th Street and 19th Street. Once completed, Z Block will be a six-story mixed-use property. Prologis is now the cornerstone tenant and will occupy the top two floors.
“We are very proud to have Prologis call Denver home for many years,” said Denver mayor Michael B. Hancock. “Bringing Prologis to LoDo adds to the undeniable energy and activity surging through Denver that is attracting the best businesses and workforce from across the country.”
Z Block will also feature a hotel component that will be managed by Sage Hospitality. LoDo’s Oxford Hotel located at 17th Street and Wynkoop and the Crawford Hotel located at Denver’s iconic Union Station, are also managed by Sage Hospitality.
This development is seeking a Gold LEED certification and will also feature space for retail. Shears Adkins Rockmore is the architect of record for this project.
“The decision to relocate our operations headquarters was significant,” said Edward S. Nekritz, Prologis chief legal officer and general counsel. “It was important for us to put our stamp on a new building and office environment that reflects our culture. Z Block will be a fantastic addition to LoDo, and we look forward to being an integral part of this important development for the long term.”
Prologis leases distribution facilities to more than 4,700 customers, including manufacturers, retailers, transportation companies and third-party logistics providers.
“We are pleased to build state-of-the art office space for Prologis,” said Chad McWhinney, CEO and Co-Founder of McWhinney. “Prologis wanted to offer its team superior office amenities, excellent access to mass transit and proximity to all that LoDo has to offer, including hotels, restaurants and sports and entertainment venues.”