A longtime Boulder landlord, known for owning several downtown properties, faced a significant transition when Office Partners on Pearl, a long-standing co-officing tenant, prepared to exit the market. With the building’s second through fifth floors available, ownership had a preference for securing a single tenant for the entire space rather than multiple smaller leases. However, finding a company willing to lease multiple floors in a shifting office market was a challenge.

Our team explored both sales and leasing options, engaging with multiple potential buyers and tenants. After extensive outreach and marketing, we entered negotiations with IWG, a global co-officing company with brands like Regus, Signature, Spaces, and HQ. IWG saw the space as a perfect fit for their HQ brand, aligning with the building’s established role as a co-officing hub in Boulder.

Negotiating this deal required careful coordination. Office Partners had operated in the space since 1987, and its owner—who was also part of the building’s ownership group—wanted to ensure a smooth transition that would honor the existing community of tenants. We facilitated in-depth discussions, including a site visit to an IWG location and multiple negotiation sessions to address key lease terms. Our team worked closely with legal counsel and ownership to finalize an agreement that satisfied all parties.

Ultimately, ownership secured a long-term lease with one of the top co-officing operators in the world. The building remains a thriving center for flexible work in downtown Boulder, ensuring its legacy as a hub for innovation and collaboration in the community.