MPEG LA SIGNS 22,000-SQUARE-FOOT LEASE AT METROPOINT I IN DENVER
Denver, CO (June 13, 2012)
International commercial real estate services firm Studley represented MPEG LA, the world leader in alternative technology licenses, in a 22,000-square-foot lease at Metropoint I located at 4600 South Ulster Street in Denver, CO.
A more modern and efficient space plan will allow the company to drastically reduce its occupancy needs, going from approximately 43,000 square feet at Tuscany Plaza, to the more modest 22,000-square-foot footprint, when the lease commences in September 2012.
Studley Executive Vice President Jim McGrath represented MPEG LA in the transaction. CBRE’s Sergio Castaneda represented ownership.
“It is always gratifying to develop, and subsequently implement, a strategic real estate plan that has positive economic implications,” said McGrath.
Metropoint I is a 280,417-square-foot office tower located in the Denver Tech Center. It features newly renovated common areas, a state-of-the-art conference center, and a seminar/training room. The property is easily accessible from Interstates 25 and 225 via the Belleview Avenue and DTC Boulevard interchanges.