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LAKEWOOD, CO-The energy business drove the Denver-area commercial real estate market to a large extent in the late 1970s until oil and gas prices collapsed in the mid-1980s. Now, with the energy business coming back, companies associated with the industry once again are helping the Denver-area office market.

Runge, an Australia-based company that provides mine planning, mine consulting and IT services for the mining industry, recently signed a five-year lease for 10,470 rentable sf at Union Tower, 165 S. Union Blvd. The class A building, owned by KBS Realty Advisors, is a 10-story building with a total of 198,420 sf.

Andrew Piepgras, Andy Ross and Kevin McKinnon of Transwestern represented KBS Realty Advisors in this transaction. Tom Monks of Equity Commercial Real Estate represented the tenant, Runge, which will lease space on the ninth floor. Runge execs say the company selected the building because of its efficient floorplates, views of Denver and the mountains, and amenities such as covered parking and a deli in the building. KBS is a real estate management firm that has invested more than $5 billion in more than 57 million sf nationwide.

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