Newmark announces it has been awarded the exclusive leasing assignment on behalf of Colorado Health & Tech Centers (CHTC) for 5800 South Quebec Street – a 175,000-square-foot, Class A office campus in Greenwood Village. The innovation hub offers build-to-suit workspaces for biotechnology, technology, medical office and laboratory operations.
Newmark Director Jon Tilton and Associate Director Brian Wingate, in collaboration with Vice Chairman Jamie Gard and Director John Gustafson, have been awarded the exclusive leasing assignment of behalf of the landlord, CHTC, a leading hub specializing in workplace solutions for health and technology companies.
Obtained by CHTC in June 2023, the Greenwood Village campus is the inaugural phase of CHTC’s ambitious 10-building acquisition endeavor, signaling the company’s broader initiative to develop collaborative work environments that attract the industry’s top talent while uniting Colorado’s diverse life science and biotechnology sectors. Situated in Denver’s Southeast submarket, the four-story property is highly accessible to the area’s robust workforce via unparalleled light rail connectivity and proximity to I-25.
“We are honored to spearhead this assignment, marking the inception of a transformative project that further solidifies Colorado as a premier life science hub,” said Tilton. “The campus, poised to attract the industry’s best and brightest, serves as a strategic launchpad as CHTC expands its operations both locally and nationally. We look forward to continuing our collaboration with CHTC and driving creative leasing solutions within Colorado’s dynamic and promising life sciences community.”
“We are incredibly excited about our relationship with Newmark,” said Afshin Safavi, Ph.D., Founder and Chief Executive Officer of CHTC. “Since June, we have completed the acquisition of five out of the 10 properties that we are planning to either build from the ground up or convert into innovation hubs. Working towards our goal of making CHTC a premier hub for companies specializing in health, technology, biotechnology, medical-device laboratory and office space incubators spanning throughout Colorado, 5800 South Quebec Street will bring together talent and expertise across life science and biotechnology sectors. We needed the best entity in global commercial real estate to accomplish this goal, and Newmark is exactly that.”
This strategic venture between Newmark and CHTC coincides with the launch of Colorado Hub for Health Impact, a groundbreaking national economic development campaign that further positions Colorado as a frontrunner in life sciences innovation.
About Colorado Health & Tech Centers – CHTC
Colorado Health & Tech Centers is a series of hubs for innovation in health and technology, housing various companies specializing in medical research, biotechnology, and health-tech solutions. CHTC fosters a collaborative environment that drives progress in the health and technology sectors.
About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries (“Newmark”), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark’s comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform’s global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the year ending December 31, 2023, Newmark generated revenues of approximately $2.5 billion. Newmark’s company-owned offices, together with its business partners, operated from approximately 170 offices with 7,400 professionals around the world. To learn more, visit nmrk.com or follow @newmark.
Discussion of Forward-Looking Statements about Newmark
Statements in this document regarding Newmark that are not historical facts are “forward-looking statements” that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. These include statements about the Company’s business, results, financial position, liquidity, and outlook, which may constitute forward-looking statements and are subject to the risk that the actual impact may differ, possibly materially, from what is currently expected. Except as required by law, Newmark undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Newmark’s Securities and Exchange Commission filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10-Q or Form 8-K.
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