DENVER—The LAB, a newly completed 78,639-square-foot office building at 2420 17th St., has been acquired by Soma Capital Partners.
WeWork Companies, an international co-working platform with 3.5 million square feet globally, pre-leased approximately 65% of the building and is expected to occupy the property by year-end. The lease was signed with SCP in June 2015.
Soma Capital Partners (SCP) is a San Francisco-based real estate investment manager, and acquired the property in partnership with Philadelphia-based CenterSquare Investment Management. JR Bitzer of Lee & Associates Denver, assisted SCP in the purchase of the building, which was developed in partnership by Brue Capital and Confluent Development.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
