Schnitzer West’s The Current in Denver’s RiNo Reaches 63% Leased With New Tenants
Schnitzer West Signs New Tenants at The Current as Leasing Momentum Continues.
Schnitzer West LLC (Schnitzer West) today announced new leases at The Current, its Class A office property in Denver’s River North (RiNo) neighborhood. A few of the new tenants include Global Healthcare Exchange (GHX), Performance Drone Works (PDW), and Vibe Coffee & Wine. The building is now 63% leased, up from 38% earlier this year, reflecting continued demand for high-quality, move-in-ready office space and mixed-use environments.
These new leases validate Schnitzer West’s strategy of pairing pre-built, occupancy-ready office suites with premium amenities, allowing tenants to move in with minimal lead time and less hassle than a traditional buildout process. The company is currently designing and planning an additional 50,000 square feet of occupancy-ready suites in a variety of sizes across the building. Beyond the offices, every tenant of The Current gets access to the expansive rooftop mezzanine, the multi-level Great Room, and meeting spaces with views of downtown and the Front Range.
GHX, a healthcare technology company relocating from Louisville, Colorado, leased approximately 15,000 square feet on the sixth floor.
“GHX is building for the future, and we wanted a Denver workplace that reflects that ambition,” said Chris Batson, CFO of GHX. “The Current gives our teams a modern, collaborative environment in one of the city’s most creative and dynamic districts, an energizing place for our people to connect, innovate and advance our mission to simplify the patient-centered business of healthcare.”
PDW, an autonomous defense technology company new to the Denver market, leased approximately 30,000 square feet on the building’s ninth floor. Together with the building’s other recent leasing activity, these tenants further establish The Current as a top destination for companies seeking modern office space in RiNo.
Retail offerings are also growing at The Current, with Vibe Coffee & Wine, a locally owned café and wine bar with multiple locations throughout metro Denver, opening this fall in the building’s final available retail space. Vibe joins Dear Emilia, which has received overwhelming praise and steady demand since its opening earlier this year, already making The Current a dining destination for visitors and locals alike.
“The Current offers what today’s businesses are looking for—thoughtfully designed, move-in ready spaces that facilitate their ability to adapt to today’s fast-paced business needs, all without compromising on quality,” said Erik Fagan, investment director, Schnitzer West. “From day one, tenants and their employees get access to best-in-class amenities designed to help their teams thrive. We’re pleased to welcome these companies and look forward to welcoming others as we build a vibrant community at The Current.”
Located at the corner of 36th Avenue and Delgany Street, The Current is a 12-story, 240,000-square-foot Class A office tower in Denver’s RiNo neighborhood.
Project team collaborators: Davis Partnership Architects and Swinerton.
About Schnitzer West LLC: Schnitzer West LLC is one of the Seattle and Denver area’s leading real estate investment, development and property management companies. Co-founded in 1997 by then Managing Investment Partner Dan Ivanoff of Seattle and Ken Novack, then President of Portland-based Schnitzer Investment Corp (now called MMGL Hold Co LLC), the company has built a successful track record in the commercial and multifamily housing markets through product innovation, disciplined management, and investment expertise. Known for its commitment to “Outperform the Expected,” Schnitzer West has earned recognition for creating innovative workplaces and living spaces, delivering superior-to-market returns, and its value-creation approach to property management. To date, it has developed or acquired and repositioned more than 12.5 million square feet of Class A office and suburban office, flex, industrial and bio-tech space, mixed-use, and 1,590 units of luxury multifamily residential in Seattle, Portland, and Denver. Currently, it has 2.0 million square feet of office and multifamily residential (368 units) in predevelopment. Schnitzer West’s Asset Operations group actively manages 4.0 million square feet of office and industrial property for various clients. Learn more at www.schnitzerwest.com.
