Nextworld Nabs 53K SF at Vista 25

In one of the top two largest direct lease transactions signed so far this year in southeast Denver, Harbor Associates has signed Nextworld to a long-term lease for 53,546 square feet. Harbor Associates will take space at Vista 25 at Arapahoe Station in Greenwood Village, 10 miles southeast of downtown Denver. The move to Vista 25 is a relocation and expansion of Nextworld’s existing operations. 

Under the terms of the lease, Nextworld will establish its new corporate headquarters at a previously vacant two-story building at 8200 E. Maplewood Ave., one of three low-rise commercial office buildings totaling 198,419 square feet. Located on an 8.67-acre site with nearly 400 feet of frontage along Interstate 25, Vista 25 is within walking distance of the Village Center light rail station.

Harbor Associates acquired the campus in 2019 in a joint venture with Blue Vista Capital Management and completed a multimillion capital improvement program in early 2020. Other tenants include HomeSmart, JLL and Dewberry.

Nextworld was considering relocation options in Texas and Florida before signing the lease at Vista 25.   The new headquarters building is expected to serve as the hub for more than 300 new Colorado jobs, according to the Colorado Office of Economic Development and International Trade.

“Nextworld’s decision to remain in Colorado and establish its new headquarters here at Vista 25 is further evidence of Denver’s ability to both retain and attract world-class businesses who want to benefit from the area’s quality of life, expansive talent pool and lower cost of living,” said Joon Choi, Harbor associates principal.

Doug Wulf, Dan Miller and Andrew McCabe with Cushman & Wakefield in Denver represented the landlord and Lee Diamond of CBRE represented the tenant.