Nonprofit Health Care Provider Takes 100,000 SF

ENGLEWOOD, CO-Catholic Health Initiatives has signed an 11-year lease for 100,000 square feet at 198 Inverness Dr. W., a 160,000-square-foot office building in this southeast Denver submarket, according to building owner Lowe Enterprises. The building will reportedly become the nonprofit health care system new headquarters. CHS is currently headquartered at 1999 Broadway in Downtown Denver.

Located within Inverness Business Park, 198 Inverness is undergoing a full renovation that Lowe says has been awarded a LEED Gold certification. CHI plans to begin relocating to the building in June 2010. The company reportedly selected the site for its easy access to freeways and public transportation as well as its would-be LEED rating.

Acquired Lowe in 2006, the building sits adjacent to Inverness Hotel, Golf and Conference Center, which Lowe acquired in 1995. The financial details of the lease agreement were not released by the parties involved and not otherwise immediately available. An online flyer lists the full service asking rate at $26 per square foot and that tenants get “premier access and discounted rates” to the hotel.