JLL secures lease for innovative carbon capture company in Denver
News release
10 September 2023
Vault 44.01 expands with Denver office
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DENVER, Sept. 11, 2023 – JLL announced today that Vault 44.01, a leading provider of carbon capture and storage services, has leased approximately 8,000 square feet at 1125 17th Street, the Class A office tower in downtown Denver. This strategic move marks an important milestone for Vault 44.01 as it expands its operations and aims to tap into the thriving Denver market.
JLL’s Shayda Shah-Hosseini and Janessa Biller represented Vault 44.01, and CBRE’s Sarajane Goodfellow, Chris Phenicie, and Allison Berry represented the landlord and owner, Hines.
"In light of our remarkable growth, securing additional space to accommodate our expanding team became a priority,” said Rob Sadler, Chief Commercial Officer at Vault 44.01. “Denver emerged as the optimal choice due to its favorable business climate and its wealth of talented professionals in the region. Teaming up with JLL was a transformative decision – their unwavering dedication and expertise have made this expansion process truly seamless.”
The newly leased space is located within the vibrant Midtown West segment of the central business district, in the impressive 494,689-square-foot office tower. This strategic location acts as the gateway to LoDo and offers convenient access via both road and rail. The property is currently undergoing extensive renovations, including a complete overhaul of the lobby, introduction of a tenant lounge, state-of-the-art conference facilities, outdoor spaces, and a spec suite program, along with various other enhancements.
“This new lease underscores Denver's growth trajectory, as more corporations choose to establish a presence in the metro area,” said Biller, Vice President at JLL Denver. “The prime location, and ability for Hines to facilitate making this a plug-and-play situation for Vault, perfectly aligned with what we needed.”
"Vault 44.01’s foresight, coupled with Denver’s dynamic energy growth, has made this move a natural success, underscoring the city’s pivotal contribution to shaping the future of sustainable energy,” added Shah-Hosseini. “We are excited to welcome the Vault 44.01 team to Denver and look forward to their next stage of growth.”
About JLL
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $20.8 billion and operations in over 80 countries around the world, our more than 106,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.