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Home»World»Concord Energy to move downtown Denver HQ after $9.5M office buy
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Concord Energy to move downtown Denver HQ after $9.5M office buy

May 26, 2023No Comments2 Mins Read
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A Denver-based commodities buying and selling agency that bought the workplace constructing at 1430 Wynkoop St. final week plans to maneuver its headquarters there.

Harmony Vitality has been based mostly a block away, in a constructing it purchased in 2018. However Chief Authorized Officer Stephen Tsai mentioned the corporate is outgrowing the roughly 9,000 sq. ft there.

“We’re increasing and our present workplace at 1408 Wazee is simply getting too small,” Tsai mentioned.

Harmony paid $9.5 million to purchase the four-story, 44,045-square-foot constructing from Denver-based developer Westfield, data present.

Westfield had purchased the constructing from Seattle-based Unico Properties the identical day, as a part of a $17 million deal that additionally included the adjoining parking zone at 1420 Wynkoop. Westfield didn’t reply to requests for feedback concerning the corporate’s plans for the parking zone.

Tsai mentioned Harmony, based in 2002, hasn’t decided how a lot of the 1430 Wynkoop constructing it is going to use, and may lease a few of it to different companies. The constructing wants some upgrades, and Harmony will possible begin by fixing up the primary ground so it could actually transfer in there.

Tsai mentioned Harmony may then promote the 1408 Wazee constructing and its connected parking zone.

“The plans are fairly fluid proper now,” he mentioned.

The totally vacant 1430 Wynkoop constructing was final occupied by Messner Reeves, which leased a portion of it till late final yr. The regulation agency, which moved to 1550 Wewatta St., used to personal the constructing. It bought it to Unico in 2015.

Harmony has about 50 workers, most of them within the Denver space, Tsai mentioned. That features its subsidiary North Bridge Carbon, which focuses on carbon credit.

Unico marketed the property — each the workplace constructing and the parking zone — for sale final yr after abandoning plans to develop the parking zone itself. Tsai mentioned Harmony reached out to Westfield after studying the corporate meant to purchase it.

Prior to purchasing its present area on Wazee Avenue, Harmony had its primary workplace at 1401 seventeenth St. and 707 seventeenth St.

“We like this space,” Tsai mentioned. “We’ve been down right here for some time.”

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9.5M Buy Concord Denver Downtown energy move office
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