X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

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.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.