December 7th, 2016
Privately-Held Oil Company Expands at Class A Office Complex in Heart of Downtown Denver
Denver, CO – December 7, 2016 – Ivanhoé Cambridge and Callahan Capital Properties (CCP) today announced a 40,000-square-foot lease by Liberty Oilfield Services (Liberty) at US Bank Tower, 950 17th Street. The privately-held pressure pumping services company is expanding its offices within the Class A, 531,000-square-foot office complex located in the heart of downtown Denver.
Liberty, which currently occupies 20,000 square feet of space, will be expanding its presence to two full floors at the 26-story office tower. Kevin Foley and Andy Willson of JLL currently lead the leasing efforts at the building and represented the ownership in the lease negotiations.
Situated at the intersection of 17th Street and Curtis Street, US Bank Tower is adjacent to the 16th Street Mall in Lower Downtown. The white marble-clad building offers free shuttle service and is near top restaurants, museums and shopping destinations. US Bank Tower boasts outstanding views of Downtown Denver and offers a number of tenant amenities including full service banking, tenant lounge/café with free WiFi, an on-site parking facility and is wired with state-of-the-art telecommunications capabilities. The property also houses several retail tenants including Ann Taylor Loft, Verizon Wireless, Chili’s, GoodTimes and Café Options.
About Ivanhoé Cambridge
Ivanhoé Cambridge, a global real estate industry leader, invests in high-quality properties and companies in select cities around the world. It does so prudently with a long-term view to optimize risk-adjusted returns. Founded in Quebec in 1953, Ivanhoé Cambridge has built a vertically integrated business across Canada. Internationally, the Company invests alongside key partners that are leaders in their respective markets. Through subsidiaries and partnerships, Ivanhoé Cambridge holds interests in close to 500 properties, consisting primarily in office, retail, residential and logistics real estate. Ivanhoé Cambridge held more than Cdn$55 billion in assets as at December 31, 2015. The Company is a real estate subsidiary of the Caisse de dépôt et placement du Québec (cdpq.com), one of Canada's leading institutional fund managers. For more information: ivanhoecambridge.com.
About Callahan Capital Properties (CCP)
Callahan Capital Properties (“CCP”) is a real estate private equity firm focused exclusively on the acquisition and management of high-quality office properties in the central business districts of major U.S. gateway cities. Together with its strategic partner, Ivanhoé Cambridge, CCP’s office platform currently totals almost 14 million square feet, with properties located in New York, Boston, Chicago, Seattle, Denver and Los Angeles. For more information: callahancp.com.