As GlobeSt.com reported on Wednesday,Rio Tinto Minerals is moving its world headquarters to the Denverarea. It is looking for about 100,000 sf of a combination of officeand lab space. Tim Harrington and Ryan Stout of the Denver officeof Grubb & Ellis are focusing along the southeast corridor fora home for the company.

"We are moving our headquarters to Denver to remain competitiveand improve our ability to serve our customers," said president andchief operating officer Gary Goldberg in a statement. "The movewill lower costs and improve access to several of our operations."Goldberg was unable to attend the luncheon because of businessobligations in London, where the parent company isheadquartered.

Company officials said during the lunch that Denver was chosenfor the global headquarters because of its highly educatedworkforce; the city's proximity to its operations in North America;the Denver International Airport, which allows executives to easilycrises cross the country, as well as world-wide destinations; andbecause of the quality of life.