Phoenix & Southwest CRE News In Your Inbox.

Sign up for Connect Daily to stay informed and save time. Connect Daily is our email publication that provides you with the latest and most relevant CRE stories of the day all in 150 words or less.

Sub Markets

Property Sectors

Topics

Phoenix & Southwest  + Southwest  + Office  | 

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.

Connect

Inside The Story

connect with Joon Choi

About Lisa Brown

Lisa Brown has decades of experience in corporate communications and marketing management with organizations including Coldwell Banker Residential, Grubb & Ellis, Marcus & Millichap, NAIOP, SIOR and ALM. In those positions, she worked in conjunction with chief executive officers and chief marketing officers to create corporate messaging, cohesive branding standards, strategic marketing plans and thought pieces. Brown is a frequent speaker at industry events and an editing adjunct professor for an online course. She has a master’s degree in mass communications from San Jose State University.

  • ◦Lease
Essensys-02-cube
New call-to-action