BP's Lower 48 Business Will Establish Headquarters in Denver
December 15, 2016
Trammell Crow Company (TCC) announces the leasing of 86,054 square feet at Riverview at 1700 Platte to BP’s Lower 48 onshore business, which will establish a new head office at the site in early 2018.
TCC and its joint-venture partner, Clarion Partners, kicked off construction of this new Class A, 203,800-square-foot, 4-and-5-story office building in April, and has had tremendous interest from tenants looking at a location such as Riverview with various transit alternatives, easy interstate access, and immediate amenities for their workforce.
“From the early design stages of our Riverview project, we knew that the natural feel of the building, with its riverfront location, mountain views, and historic, walkable, neighborhood feel along Platte Street would create an attractive option for office tenants looking for something unique in the Denver market,” stated Bill Mosher, Senior Managing Director with TCC’s Denver Business Unit.
BP will occupy the first, fourth and fifth floors at Riverview. “The new Denver office will give us greater access to our substantial asset position in the Rocky Mountain region and provide us with a strong platform for growth,” said David Lawler, CEO of BP's Lower 48 onshore business. “We also are very excited about the design and location of our new headquarters at 1700 Platte, which reflect what we aspire to be as an organization: innovative and future-minded, with a strong commitment to community and to the environment.”
Riverview at 1700 Platte’s design calls for red brick on the west, south and north exteriors to respect the historic fabric of Platte Street. The east facade features a glass curtain wall to capture the dramatic views of the Downtown skyline, Commons Park and the Platte River. Floors 2, 3 and 4 are comprised of two wings, connected by a LINK building, offering elevator cores serving both wings, unequalled programming efficiency, and flexibility for single or multi-tenant occupancy. A fitness center, river-fronting balconies with unobstructed views of Downtown, and an outdoor courtyard on the second level, providing direct access to the South Platte River Park, all contribute to the uniqueness of Riverview.
Saunders Construction is the general contractor and Tryba Architects is the architect for the building. John Reynolds and Jim Wachholz of Cushman & Wakefield represented BP Lower 48in the transaction. The CBRE Colorado team of Chris Phenicie, Hilary Barnett and Allison Berry represented TCC in the transaction and handle the office leasing and marketing for Riverview.
About Trammell Crow Company
Trammell Crow Company (TCC), founded in 1948, is one of the nation’s leading developers and investors in commercial real estate. The Company has developed or acquired more than 2,600 buildings valued at more than $60 billion and over 565 million square feet. As of September 30, 2016, TCC had $7.1 billion of projects in process and $3.7 billion in its pipeline.
Trammell Crow Company’s teams are dedicated to building value for its clients with professionals in 16 major cities throughout the United States. The company serves users of and investors in office, industrial, retail, healthcare, multi-family residential, through its operating subsidiary High Street Residential and mixed use projects. For those who occupy real estate, TCC can execute the development or acquisition of facilities tailored to meet its clients’ needs. For investor clients, the company specializes in joint venture speculative development, acquisition/re-development ventures, build-to-suit development or providing incentive-based fee development services.
TCC is an independently operated subsidiary of CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, and the world’s largest commercial real estate services and investment firm (in terms of 2015 revenue). For more information visit www.TrammellCrow.com.
About Clarion Partners
Clarion Partners, an SEC registered investment adviser and FINRA member firm, has been a leading U.S. real estate investment manager for 34 years. Headquartered in New York, the firm has offices in Atlanta, Boston, Dallas, London, Los Angeles, São Paulo, Seattle and Washington, DC. With more than $40 billion in total assets under management, Clarion Partners offers a broad range of real estate strategies across the risk/return spectrum to its more than 250 domestic and international institutional investors. More information about the firm is available at www.clarionpartners.com.
Over the past 10 years, BP has invested more than $90 billion in the U.S. – more than any other energy company. BP is a leading producer of oil and gas and produces enough energy annually to light nearly the entire country for a year. Employing about 14,000 people across the country, BP supports more than 130,000 additional jobs through all of its business activities. For further information, please contact:
Name: BP US Press Office
Phone: (281) 366-4463
Email: [email protected]
Trammell Crow Company
Trammell Crow Company (TCC) is a global commercial real estate developer and wholly-owned subsidiary of CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas. Founded in 1948, TCC has developed or acquired nearly 2,900 buildings valued at $75 billion and over 655 million square feet. As of September 30, 2023, TCC had $15.4 billion of projects in process and $14.5 billion in its pipeline. It employs 650 professionals in 28 major cities throughout the United States and Europe. The company serves users of and investors in office, industrial/logistics, healthcare, life sciences and mixed-use projects, as well as multi-family residential through its operating subsidiary High Street Residential. For more information visit www.TrammellCrow.com.