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DENVER-Dex Media will be consolidating its operations here this year into two new buildings that are under construction in the Denver suburbs of Englewood and Lone Tree, according the company’s national real estate adviser, Studley Inc. Dex signed long-term leases for the buildings and expects to occupy them before the end of the year. The combined value of the leases it in excess of $100 million, Studley brokers tell GlobeSt.com.

The buildings are Panorama Corporate Center IV in Englewood and One Lincoln Station in nearby Lone Tree. The buildings total 280,000 sf, which is about 130,000 sf less than the company currently leases in the region. The company currently leases about 160,000 sf at 168 Inverness in Englewood and about 200,000 sf at 3190 S. Vaughn in Aurora, according to local sources..

The four-story, 137,288-sf Panorama Corporate Center IV is being developed by CarrAmerica. Located at 9501 East Panorama Circle, the building is the one of the last sites in the four-building Panorama Corporate Center complex anchored by Charles Schwab.

One Lincoln Station is a 150,000-sf building being developed by a joint venture between Westfield Development Co. It is one of four buildings in the first phase of a 35-acre, mixed-use, transit-oriented development project near Interstate 25 and Lincoln in Douglas County. The would-be LEED-certified building will include one of the region’s first under-floor air distribution systems, according to Studley.

The early commitments were signed in the second half of 2007, the most recent one in November, but the commitments were not revealed publicly until late last week. As part of the lease agreements Dex will receive prominent building-top signage at both properties. The buildings are visible to both light rail passengers and drivers on the I-25.

Studley EVP Rick Schuham represented Dex along with SVP Jim McGrath and assistant director Christine McCarthy. Pete Staab of Frederick Ross Company assisted CarrAmerica in negotiations for the Panorama Corporate Center IV project. Jamie Gard of Frederick Ross Company represented Westfield/Bradbury for the Lincoln Station project.

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