DENVER-It’s good news for Downtown, but there will be little or nonet absorption. Fiserv Investment Support Services, which has a $7-billion market cap, has brought about 300 employees from the Southeast suburban corridor to the Central Business District.

Fiserv consolidated four local operations together, and as part of that effort, it vacated two Greenwood Plaza buildings and brought them to Manville Plaza at 717 17th St. Earlier in the year, Fiserv, which includes the former First Trust, the nation’s largest independent trust company, increased the space it leases at Manville Plaza to 167,000-sf from 119,000 sf in anticipation of the move. First Trust administers 325,000 retirement and custodial accounts worth a total of $33 billion.

Fiserv has been a tenant at Manville Plaza since 1990. However, Frederick Ross brokers Phil Ruschmeyer and Nathan Johnson showed Fiserv about a dozen buildings both in Downtown and along the southeast corridor before Fiserv decided their best option was to stay put and renew and expand its existing lease, according to Skip Schweiss, executive vice president of Fiserv Investment.

When the company was contemplating its options, the Downtown Denver Partnership helped them evaluate its transportation needs, as the company recruits employees from throughout the metro region. About50% of the employees take mass transit to work. There is already a light rail stop directly across from Manville Plaza, which connects to the Southwest light rail line, as well as into the Five Points area of Denver.

If voters approve the $4.7-billion FasTracks transportation proposal on Nov. 2, eventually light rail lines will be built throughout the metro area. Schweiss notes that Fiserv encourages employees to take mass transit to work and subsidizes Eco Passes from the Regional Transportation District.

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