"Our leasing activity at Denver Post Tower signals the kind of positive movement in the Denver real estate market that we hope will continue for the long haul," says Kim Koehn, Equity Office's regional SVP for the Denver Region. "We were more than happy to negotiate an excellent deal for this valued customer."

Joe Cantalamessa of Equity Office handled negotiations in the Ryder TRS transaction. Ryder TRS and Budget Rent a Car operate under the umbrella of parent company Cendant Corp. About 220 people work at Ryder TRS's Denver offices.

Denver Post Tower at 1560 Broadway, anchors the upper end of the 16th Street Mall. The 22-story office building has a rose-colored aggregate exterior with bronze, glass panels, reminiscent of the historic Brown Palace Hotel located nearby. The building boasts unobstructed views of the Rocky Mountains, the State Capitol and Civic Center Park. Amenities include a lower level garage comprising 240 spaces, ATM machines, a deli, a conference center, a sundry shop and technical solutions featuring high-speed telecom.

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