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DENVER-The Murrayhill Co., which monitors a $330 billion portfolio of high-risk bonds for Wall Street firms, leased 23,502-sf in the Wells Fargo Center at 1700 Lincoln St. Murrayhill will lease the entire 16th floor, or 23,502 sf. Where its remaining 13,000 sf will be is still being worked out.

Since the company was founded in 1997 by Sue Ellis, it has grown to 54 employees from two. Ellis has a long history in real estate. Before founding Murrayhill, Ellis was VP at Denver-based Asset Investors Corp., a REIT created by MDC Holdings of Denver, heading its risk management division.

In 1996, Terry Considine, paid $11.45 million for the company that managed Asset Investors and another REIT, and later rolled it into his Apartment Investment & Management Co., one of the country’s largest apartment REITs.

At Asset Investors, Ellis developed an approach to service monitoring that proved effective in reducing loss severity. Before that, Ellis was a manager at Coopers & Lybrand for five years, where she was on the management team that formed and operated the RTC’s largest asset management operation, an $11 billion portfolio.

The RTC was the Congress created agency that was in charge of cleaning up the mess created by mass failures of savings and loans in the late ’80s and early ’90s. At the RTC, Ellis was responsible for obtaining rating agency approvals for C&L as a special servicer, and was the project manager for HUD’s first multifamily loan sale in 1993.

Rick Schepis of Fuller and Co. represented Murrayhill and Holly Proctor represented the landlord, Commonwealth Partners, in-house.

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