Broe Real Estate Group breaks ground on office scheme in Denver, US

WCN Editorial Team 25 Aug 2021 NORTH AMERICA BUILDINGS

Real estate developer Broe Real Estate Group (BREG) has broken ground on 200 Clayton, a commercial office development, in Denver, Colorado, the US.

The eight-story, 76,000ft2 mixed-use project, located in Cherry Creek North, Denver, represents the first phase of the $150m Clayton Street redevelopment project.

The development will comprise retail space and commercial offices.

Broe Group's transportation affiliate, OmniTrax, will anchor the project, occupying the second and third floors of 200 Clayton.

Other leases are currently being negotiated with unaffiliated prospective tenants for the remaining office space on fourth to eighth floors.

The Broe Group's Kiki Broe said: “Over the past four decades, The Broe Group has grown from one employee to one thousand employees from our Cherry Creek North headquarters.

“200 Clayton plays a key part of our community investment and ensures that Cherry Creek North will continue to be our long-term Colorado home.”

Slated to be completed in first quarter of 2023, the project will house a mix of affiliated and unaffiliated companies.

Construction and architecture firm The Beck Group has designed the new project. GH Phipps has been appointed as the general contractor while CBRE’s Blake Holcomb and Brian Hutt will lead the leasing efforts for the building.

Cherry Creek North president and CEO Nick LeMasters said: “The Broe Group has been a great long-term community partner and we are pleased to see their continued investment.

“200 Clayton is a tremendous addition to Cherry Creek North that will house hundreds of high-quality jobs for generations to come.”

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The ground-breaking ceremony of 200 Clayton in Cherry Creek North, Denver. Credit: V Broe Real Estate Group/ PRNewswire.

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