"By identifying functional office space in a very desirable location in LoDo, Cognylitics was able to take advantage of a below market rental rate with a lease term that will allow for flexibility as their business continues to grow", said Brady Welsh of Sherpa Commercial.
1875 Lawrence St is home to the new Ardent Mills headquarters, which consumed 4-floors in the building earlier in the year. DPC Development Co. acquired 1875 Lawrence from Behringer Harvard Inc. in May of 2014 for $46.7 million. At the time of sale the property was only 49% occupied. DPC has been able to lease it up to almost 90% occupied in the last two quarters of 2014.
About Sherpa Commercial
Sherpa Commercial Real Estate, Inc. assists private capital investors, industrial and office tenants & owner-users, and institutional owners to purchase or lease commercial properties. Headquartered in Denver, CO, Sherpa Commercial is a trusted provider of commercial real estate services to local and national owners and users of office and industrial, office and retail space. Brokerage + Development + Consulting.
About Cognilytics, Inc.
Cognilytics is a global provider of decision sciences and advanced analytics solutions. We provide descriptive to predictive analytics services enabling our clients to analyze, visualize, and monetize data as a strategic asset. Utilizing cutting edge BI tools and advanced statistics and machine learning techniques, we deliver insights for converting Big Data into a monetizeable asset. Cognilytics' Decision Analyzer® provides a platform for the execution and management of advanced predictive models on high performance architectures (including Hadoop, HANA, and SGI UV).