Joint venture delivers RiNo’s newest office building nearly 50% pre-leased
DENVER – May 15, 2024 – Jordon Perlmutter & Co. and Rockefeller Group announced today the completion of construction on Paradigm River North, the latest addition to new office construction in Denver’s rapidly growing River North Art District (RiNo).
Paradigm River North, also known as 3400 Walnut Street, boasts 188,000 square feet of Class AA office space and 12,000 square feet of ground-floor retail space. The building recently completed an 80,000-square-foot pre-lease with the law firm Davis Graham & Stubbs LLP. The firm secured the top three floors of the eight-story building.
Newmark Vice Chairman Jamie Gard and Executive Managing Director Jeff Castleton serve as exclusive leasing advisors for the property on behalf of the developers.
“Our approach to target tenants at opposite ends of the spectrum – contiguous space users on multiple floors as well as those with smaller space requirements with our spec suites – is proving successful as leasing activity continues to gain momentum for both types of users,” said Gard. “We are pleased with the continued interest from prospective tenants as Paradigm River North reaches completion.”
Designed by Denver-based Tryba Architects, the building represents a well-considered response to the formerly industrial neighborhood’s evolution, reflecting the historic character of the neighborhood with a brick façade and large factory-style windows. The two-story atrium lobby, 12-foot ceilings and outdoor space incorporated on every floor celebrate the open-air Colorado lifestyle and provide tenants with access to views of downtown Denver and the Rocky Mountains. The lobby additionally incorporates secure bicycle storage and generously appointed individual showers to support tenant healthy commuting options, as well as a fitness center that is exclusive to tenants.
“We’re pleased to see the vision for Paradigm River North become a reality,” said David Tryba, FAIA. “The building’s form honors the industrial heritage of the River North Art District, while the amenity spaces, plentiful natural light and incorporation of terraced outdoor environments reflects the desires of contemporary tenants. We know Paradigm River North will be a destination workplace and an integral part of the neighborhood.”
RiNo is one of the most vibrant urban neighborhoods in the country, with its appeal rising in recent years along with Denver’s population growth. In addition to a new hotels and residences, the neighborhood has emerged as the center of the city’s craft food scene, and has become one of the top entertainment and cultural hubs in Denver, boasting restaurants, breweries, art galleries, shops, and music venues.
The building is additionally well positioned just two blocks from the 38th & Blake Street light rail station and is situated along bicycle paths, making it easily accessible to downtown Denver, Union Station, and Denver International Airport by multiple modes of transportation.
Paradigm River North is the first joint venture between Jordon Perlmutter & Co. and Rockefeller Group, which have been at the forefront of U.S. real estate development for more than 70 and 90 years, respectively. More information about the project is available at paradigmrivernorth.com.
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About Jordon Perlmutter & Co.
Jordon Perlmutter & Co. brings forth vision by incorporating tradition, reliability, innovation and service as one of the foremost companies in the Rocky Mountain Region covering all aspects of real estate development in order to enhance communities and businesses in Denver and surrounding areas. The company focuses its mission on the acquisition, development, management and leasing of commercial and multi-family properties by working with both nationally recognized and entrepreneurial companies, financial institutions, families, individuals and communities. The company looks to the future in creating new and innovative projects, creating better communities while enhancing and preserving safe and attractive cities and counties. Visit jp-co.com.
About Rockefeller Group
Rockefeller Group develops, owns and operates extraordinary properties across the United States. For nearly a century, the company has delivered exceptional experiences and value creation through dedication to quality in the built environment. The company’s portfolio spans the development of office, multifamily, industrial and mixed-use projects across six geographic regions as well as significant ownership interest in and management of approximately six million square feet of world-class office space in Manhattan. Visit RockefellerGroup.com.
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