America's Fastest Growing Law Firm*, Polsinelli, welcomed as anchor tenant of 1401 Lawrence
DENVER, Oct. 3, 2014 /CNW/ - Canadian developer First Gulf broke ground this week on a new 22-storey, 306,000 square foot office building in downtown Denver, Colorado. Dubbed 1401 Lawrence, the new Class AA office development will be located at the intersection of 14th Street and Lawrence Street, between Denver's central business district and the popular Larimer Square corridor. Construction will begin this month, with occupancy expected to start in early 2016. International commercial real estate advisory firm Newmark Grubb Knight Frank are the exclusive listing brokers marketing the tower.
Along with commencement of the development, First Gulf announced that national law firm Polsinelli has signed a 15-year lease as the anchor tenant of 1401 Lawrence. Polsinelli will initially occupy 86,664 square feet of office space on the top four floors of the building, with an option to lease two additional floors (for a total of 130,000 square feet). This new location and additional lease option provides Polsinelli with the potential to more than double the space of its current Denver office to meet growing client needs in the Rocky Mountain region and across the United States. Nationally, Polsinelli is the fastest growing law firm in the U.S. for the past six years, according to the leading legal business and law firm publication, The American Lawyer.
"We are delighted to have a strong, growing firm like Polsinelli as our anchor tenant for this exciting development," said John MacNeil, First Gulf president and partner. "Our vision is to create an innovative architectural design with great outdoor amenity space that complements what we believe to be one of the premier office locations in all of Denver."
With the building developers targeting LEED® Gold certification, MacNeil describes 1401 Lawrence as providing tenants with unmatched views of the mountains and the city skyline. Beautiful outdoor terrace space and on-site fitness facilities, as well as retail and restaurant space at the street level, will contribute to the convenience and desirability of this office building. Located only four blocks from the Stout Street light rail station and two blocks from 16th Street mall transportation, and boasting immediate access to major highway entrances and exits, 1401 Lawrence will offer easy accessibility in to and out of the city. The building will also provide indoor parking with approximately 400 parking spaces.
"Being the lead tenant in this new building in the heart of downtown represents our continued involvement and commitment to the Denver business, civic and philanthropic community," said Gene Commander, Denver office managing partner and shareholder of Polsinelli. "We're proud that Polsinelli continues to grow and expand to meet the legal needs of companies and clients throughout our region. It's an exciting time for our city and all of the attorneys and staff at our firm."
While its parent company, Great Gulf, has a well-established residential presence in the city, this is the first significant commercial project in Denver for First Gulf. With 1401 Lawrence now underway, the Canadian developer continues to look at other opportunities for growth into the United States.
*American Lawyer, June 2013, http://sftp.polsinelli.com/files/upload/ArticleAMLPolsinelli2013.pdf
About First Gulf
Founded in 1987, First Gulf is the commercial arm of Great Gulf – one of North America's most innovative and diversified real estate development companies. First Gulf offers leasing, development, construction, finance and project management expertise, providing clients with unique market opportunities which would be unavailable through a traditional developer role. With more than $2.5-billion in developed assets, they have developed and constructed over 30-million square feet of office, retail, mixed-use, and industrial real estate across North America. First Gulf's impressive portfolio of recent landmark office developments include the Canadian head offices for The Globe and Mail Centre, Coca Cola and Siemens Canada. For further information, please visit www.firstgulf.com.
real challenges. real answers.SM Polsinelli is a first generation Am Law 100 firm, serving corporations, institutions, entrepreneurs and individuals nationally. Our attorneys successfully build enduring client relationships by providing practical legal counsel infused with business insight, and with a passion for understanding how to assist General Counsel and CEOs achieve their legal objectives. Polsinelli is ranked 18th in number of U.S. partners** and has more than 740 attorneys in 19 offices. Polsinelli was profiled in the June 2013 issue of The American Lawyer as the fastest-growing law firm in America over a five-year period and has maintained this position. The firm focuses on healthcare, financial services, real estate, life sciences and technology, energy and business litigation, and has depth of experience in 100 service areas and 70 industries. The firm can be found online at www.polsinelli.com. Polsinelli PC. In California, Polsinelli LLP.
**Law360, March 2014
Image with caption: "1401 Lawrence Denver (CNW Group/First Gulf Corporation)". Image available at: http://photos.newswire.ca/images/download/20141003_C3593_PHOTO_EN_6306.jpg
Image with caption: "First Gulf Corporation (CNW Group/First Gulf Corporation)". Image available at: http://photos.newswire.ca/images/download/20141003_C3593_PHOTO_EN_6307.jpg
SOURCE: First Gulf Corporation
For further information: For more information on the project, visit www.firstgulf.com, or contact: Samantha Armitage, Communications Manager, First Gulf, [email protected], 416.773.7157; Madeline Zito, Director of Public Relations, Great Gulf, [email protected], 416.441.1262 x 2222