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ASB Real Estate Investments (ASB) and Lincoln Property Company announced today that Cigna, the global insurer and health service company, has signed a 135,800-square-foot lease for its regional headquarters in the recently completed Tower 3 at Colorado Center. The Cigna transaction follows the law firm Ogletree, Deakins, Nash, Smoak & Stewart also agreeing to lease 19,900 square feet in the building, which was completed in summer 2017.

Developed in a joint venture between Lincoln and ASB, Tower 3 is a 227,000-square-foot, eight-story LEED Silver office building above a six-story garage podium with ground floor retail space.  It comprises the latest phase of Colorado Center, which features Dave & Busters, a United Artists IMAX theater, and a total of 720,000 square feet of Class A office space, among the three towers.  The Colorado Station stop of the RTD light rail system—serving the E, F, and H lines—is located on the site at the intersection of I-25 and Colorado Boulevard.

Lincoln and ASB also announced a plan to construct a 12,000-square-foot “Food Hall” addition to Colorado Center’s retail space, which will comprise 11 vendor stations for local chef-driven concepts, a live performance venue, and an outdoor plaza with construction completion scheduled for early next year.

Relocating more than 1,000 employees, Cigna will occupy five full floors in Tower 3, taking advantage of large, 27,000-square-foot floor plates with high ceilings and floor-to-ceiling glass windows which have sweeping views of the Rocky Mountains and Denver skyline. Tower 3 also has an expansive 5,300-square-foot roof-top terrace for company functions and employee use.

John Roble, President of Cigna’s Mountain States Market, said: “Our new home at Colorado Center is a significant investment in our Colorado workforce and affirmation of our continued momentum in the Mountain States region. Colorado Center is a fantastic 21st century facility that will provide collaborative workspaces and first rate amenities that will enable our employees to better serve our clients and customers. We look forward to working with Lincoln Property and ASB to complete the final design and buildout as we head toward an early 2019 move in.”

Scott Caldwell, Senior Vice President of Lincoln Property Company Denver, said: “Both Cigna and Ogletree Deakins were attracted to Colorado Center by our central location, mass transit options, and cutting-edge design, not to mention the new Food Hall amenity, which taken all together will provide their employees with one of the most desirable work environments in the entire Denver market.”

Robert Bellinger, ASB President and CEO, said: “ASB invests in property assets in major U.S. urban sub-markets where blue-chip businesses and their employees are moving and will want to stay over long-term investment holding periods. In Denver where mass transit access has become an increasingly important attribute, Colorado Center is meeting our expectations for becoming such a high value location and the city’s premier transit-oriented development. In addition, Tower 3’s LEED design, high-quality features, and superior amenities have made for an extremely successful project with anticipated staying power.”

ASB invests in Colorado Center on behalf of its Allegiance Fund, a $7.4 billion core vehicle.

Discover more about Colorado Center at www.livecoloradocenter.com.

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