Credit Tenants Join Triad


M & J Wilkow is pleased to report that strong leasing activity continues at Triad at Orchard Station.

Triad at Orchard Station is a Class B, three building office complex situated adjacent to the Orchard Station Light Rail stop in Greenwood Village, Colorado.  A joint venture between M & J Wilkow and Wayzata Investment Partners acquired this 415,000 SF office park, located in Denver’s Southeast Suburban Submarket, in December 2012. 

Significant accomplishments since acquisition:

  • Implemented a $4.0 million reposition/redevelopment program
  • Developed a brand new amenity floor including: fitness center, conference facility and new restaurant
  • Reduced vacancy from 31% to 15% in 20 months
  • Bolstered the tenant roster with strong credit, well capitalized publicly traded companies
  • Executed over 175,000 square of new leases and renewals
  • Increased rental rates by over 15% since acquisition 

Ownership has executed over 140,000 square feet of new leases and lease renewals during 2014.  Notably, we have substantially improved the credit quality of our tenant base by attracting national, publicly traded companies with robust balance sheets and extremely strong financial positions, thus providing a more reliable and secure source of base rental income. We have successfully added approximately 47,000 square feet of new leases to four large companies that are now officially tenants of Triad at Orchard Station.   A summary of the major new tenants recently added to our rent roll at Triad at Orchard Station can be found below: