Landmark currently leases spaces in Lower Downtown Denver and south of the Tech Center at Interstate 25 and Dry Creek Road.
Landmark, with the help of Staubach Co. brokers Joe Hollister and Bruce Dodge, looked at nearly 70 office buildings that included such submarkets as the northwest corridor, Downtown and the Tech Center before choosing to move to the Shea Center, which is just south of C-470 and the Avaya/Lucent office campus.
''Highlands Ranch was a little bit of a surprise,'' David Verdun, vice president of research and development tells GlobeSt.com. ''It wasn't one of the original places we looked at. But it was a really neat building and a great location, with easy access to highways. And it was sort of a neutral location as far as our employees are concerned, as they come from the entire metro area.''
It also is close to the end of the southwest light rail line, which links that area to Downtown.
Verdun says employees who need to go Downtown will use light rail, avoiding the congestion along Interstate 25 caused by the $1.7-billion widening and adding light rail to the highway.
Dodge, of the Staubach Co., tells GlobeSt.com T-Rex wasn't the main reason for the consolidation, but avoiding it is an added bonus.
''I drive on I-25 every day, and T-Rex isn't too bad yet, but it is early in the project,'' Dodge tells GlobeSt.com.
He says Landmark likes the open space, proximity to jogging and biking trails, and other amenities at Highlands Ranch.
''They tend to have a young workforce,'' Dodge says. ''They have things like Ultimate Frisbee teams and softball teams.''
Chetter Latcham, vice president and general manager of Shea Properties, says the deal is great news for his park. He says triple net leases in the park average about $16 per sf.
Verdun says Shea Properties has ultimate plans to build several more buildings in the park, which will provide his company the opportunity to grow with Shea Center.
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