JLL secures new space for Big Brothers Big Sisters of Colorado
New headquarters saves the nonprofit more than $60,000 annually
JLL has secured a seven-year lease on a new headquarters space for Big Brothers Big Sisters of Colorado (BBBSC) in southwest Denver, a move that gives the non-profit nearly 1,000 square feet of additional space while saving them more than $60,000 in rent annually. Those cost savings, combined with the new space’s proximity to several BBBSC programs, will enable the non-profit to hire additional staff and expand the number of at-risk youth they are able to serve here in Colorado.
“As any non-profit knows, it’s always a challenge to balance the desire to be as close as possible to the audiences you serve and the need to tightly manage overhead costs such as rent in order to have the resources to serve the greatest number of people,” said Dave Ryan, CEO of BBBSC. “JLL has helped us find that perfect balance with this new location. We look forward to growing our programming here, creating a fun and professional workspace in which our employees can thrive, and enriching the lives of kids facing adversity in our state through meaningful mentoring relationships.”
The new location at 750 West Hampden puts BBBSC staff within a 10-minute walk of the Englewood light rail station as well as easy access to a numerous restaurants and shops. Additionally, the move puts the organization closer to several of its programs, including the recently launched mentor2.0, a professionally supported, technology-enriched one-to-one mentoring program that is engaging students at Sheridan High School both in the classroom and online in an entirely new way. BBBSC will move its 42-person organization into the 10,211 square foot space at the end of October, 2016.
“Big Brothers Big Sisters of Colorado’s programs make such a big difference in the lives of so many in our community, and it was important to JLL to get them into a space that would help them thrive,” said Andy Cullen, senior vice president at JLL in Denver. “We ultimately found them a space that allows the organization to remain accessible to their stakeholders and the community they serve, while also giving them the operational flexibility to attract and retain top talent. Right now the CBD has an average rental rate of $34.77 per square foot while southwest Denver is coming in at $16.22 per square foot, so in this instance, the move made both operational and financial sense.”
JLL Managing Director and BBBSC Board Member Barry Dorfman and Senior Vice President Andy Cullen represented Big Brothers Big Sisters in the transaction. Jim Cortney from NAI Shames Makovsky represented the landlord.
JLL (NYSE: JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. A Fortune 500 company with annual fee revenue of $5.2 billion and gross revenue of $6.0 billion, JLL has more than 280 corporate offices, operates in more than 80 countries and has a global workforce of more than 60,000. On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 4.0 billion square feet, or 372 million square meters, and completed $138 billion in sales, acquisitions and finance transactions in 2015. Its investment management business, LaSalle Investment Management, has $59.1 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.
About Big Brothers Big Sisters of Colorado
Big Brothers Big Sisters of Colorado, nearly 100 years old, is the oldest mentoring organization in Denver. Currently operating out of offices in Denver and Colorado Springs, Big Brothers Big Sisters of Colorado is the largest youth mentoring agency in the state. They strive to provide children facing adversity with strong and enduring, professionally supported one-to-one relationships that change their lives for the better.