Galvanize has put the “for rent” sign up for its entire Golden Triangle office.
The coworking and coding education company, which last week announced a round of layoffs and the possibility of shutting a location, has hired a brokerage to sublease its 30,000-square-foot office at 1062 Delaware St. in the Golden Triangle.
It was one of the first Denver coworking spaces to lure startups tenants with perks such as free coffee and a bar on site.
CBRE brokers Alex Hammerstein and Brian McClenahan are marketing the space at a lease rate of $25 psf/year triple net, or $62,000 per month.
McClenahan said the space has a ton of natural light, comes fully furnished and has 60 parking spots.
“I think it’s space that will go quickly. It really speaks for itself,” McClenahan said, adding that he’s targeting other coworking operators as potential tenants.
Galvanize’s lease goes through summer 2023.
The former bank branch was developed by the Nichols Partnership for Galvanize, which took the space in 2012.
Nichols Partnership sold the building in 2017 for $10.5 million to Boulder resident Doug Brown, who runs Regent Properties. At the time, Brown told BusinessDen, “I’m excited to own it on a long-term basis,” he said. “I want to leave it just the way it is.”
Galvanize, which has raised around $170 million in venture capital, has another Denver office in 80,000 square feet on Platte Street, where it hopes to relocate Golden Triangle tenants.