Denver, CO
CBRE Arranges Lease for City Light & Power’s New Headquarters in Denver Tech Center
December 5, 2024
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Corp Communications Specialist
CBRE has arranged a 21,699-sq.-ft. lease for City Light & Power’s new headquarters at Stanford Place III in Denver, Colorado. The company has expanded from its previous headquarters of 13,274 sq. ft. and plans to occupy the speculative office space in Q3 2025.
CBRE’s Ryan Link and Mitch Bradley represented City Light & Power. Audra Johnson with CBRE will be the project manager overseeing the new office design. Menashe Properties is the landlord of the property.
“When looking for a new office space, City Light & Power wanted to find a place that would provide a phenomenal experience for their people,” said CBRE’s Ryan Link. “The owners of Standford Place III recently upgraded and expanded their tenant lounge and fitness center, placing emphasis on tenant comfort. Renovating these amenities has put this building in the ‘flight to quality’ conversation that has been sweeping the office market for the past few years.”
The company is expanding its footprint to accommodate a growing headcount and will occupy the entire eighth floor. Located at 4582 S. Ulster St., Stanford Place III is in the north Denver Tech Center at the intersection of I-25 and I-225. Amenities in the building include a fitness center, café, outdoor patio, tenant lounge, conference center, collaboration areas, bike storage and covered parking spaces.
“With this expansion, we’re aiming to create an office that is both functional and inviting for our team,” said Marty Maxfield, CFO of City Light & Power. “Our headquarters will feature a lab and training facility that will empower our growing workforce to maintain the high-quality service we provide our clients.”
City Light & Power has been providing reliable power solutions to utilities, developers, government agencies and other companies throughout the U.S. for over 30 years and has grown its headquarters and engineering operations significantly since relocating to Denver 12 years ago. The company conducts operations out of multiple offices across the U.S.
Denver’s leasing activity in Q3 2024 totaled 1.3 million sq. ft., up 0.9% from Q3 2023, according to CBRE Research. New leases accounted for 473,000 sq. ft of the total transactions for the quarter.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2024 revenue). The company has more than 140,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
City Light & Power, Inc. and its sister company, CLP Engineering, LLC (collectively CLP) provide high-quality, reliable power solutions across the United States. As an innovator in public-private partnerships, CLP was the first to introduce a municipal street lighting and associated power systems partnership in the U.S. Today, CLP provides comprehensive services to U.S. military installations, electric utilities, cooperatives, municipal customers and energy infrastructure developers nationwide. CLP’s operational focus includes the ownership, development, upgrade, construction and maintenance of overhead and underground high-voltage distribution systems, street lighting systems, and power generation facilities. With a dedication to innovation and excellence, City Light & Power delivers resilient infrastructure solutions that empower communities and meet the evolving needs of the energy sector. For more information, please visit https://www.clpinc.com/ and https://www.clp-engineering.com/.