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DENVER-The U.S. Department of Housing and Urban Development signed a 10-year lease at 1670 Broadway, in one of the largest leases signed downtown so far this year. HUD will take 125,000 sf on floors 20 through 24. The building is owned by Aetna Life Insurance Inc.

The U.S. General Services Administration negotiated the lease on behalf of HUD. Nick Pavlakovich of Cushman & Wakefield represented 1670 Broadway. The 36-story, 697,394-sf, Class-A tower is now 88% leased with the HUD deal, he says.

“The landlord is extremely pleased that the GSA chose our building to meet HUD’s needs,” Pavlakovich tells GlobeSt.com. “1670 Broadway was chosen because of its great location, the high quality of its construction, the convenience for its workers, and the efficiency of its floorplates.”

HUD will be leaving the nearby First Interstate North building, which is not considered a Class A building like 1670 Broadway.

Pavlakovich says HUD did not consider buildings outside of downtown, although it had numerous opportunities in other buildings. A GSA spokesperson did not return calls.

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