Prime US REIT has signed an 11-year lease for a 40,000 square feet space with S&P Global at one of its properties in Colorado.
With this lease, the committed occupancy of Village Center Station I in Greenwood Village, Denver, will increase from 63% to around 80%.
This signing follows a series of large long-term leases at other assets in the portfolio such as Park Tower in Sacramento and Waterfront at Washingtonian in Gaithersburg.
The REIT says it is seeing "robust leasing interest" from tenants seeking well-positioned, amenity-rich office environments.
For example, at Waterfront at Washingtonian, an incoming tenant has also given an expansion notice to add around 24,000 square feet prior to their lease commencement which will further contribute to the portfolio committed occupancy upon completion of the lease documentation.
Prime US REIT units closed at 17 US cents on April 6, unchanged for the day but down 13.5% year to date.
