Steel House has a tenant.<\/p>\n
Fivetran, an Oakland, California-based tech company, will move its Denver office to the top floor of the building at 3100 Brighton Blvd. in the RiNo neighborhood, the company said this week.<\/p>\n
The 33,000-square-foot lease was signed last quarter. Fivetran, which bills itself as the global leader in data movement, expects to move in come October.<\/p>\n
The company is leaving the Steam on the Platte building at 1401 Zuni St., where it launched its Denver office in 2019. Fivetran occupies 31,000 square feet there.<\/p>\n
Newmark brokers Josh Pons, Andrew Blaustein and Rider Stoglin represented Fivetran in the new lease.<\/p>\n
The 12-story, 320,000-square-foot Steel House building was completed in early 2025 by Boston, Massachusetts-based Beacon Capital Partners and Denver-based Elevation Development Group. The companies acquired the land before the pandemic, in late 2019, and broke ground in early 2023.<\/p>\n
Steel House\u2019s amenities \u2014 which include a climbing wall, basketball court and a 13,000-square-foot outdoor deck \u2014 were a draw to Fivetran, as was the premium top-floor space, according to Newmark.<\/p>\n
Fivetran\u2019s lease means Steel House avoids the fate of Rev360, an office building five blocks away that has sat empty since its 2020 completion.<\/p>\n
Fivetran could be joined at Steel House by Alterra. BusinessDen reported last month that the ski resort operator was eyeing a lease there, which would replace its space at nearby Zeppelin Station.<\/p>\n
RiNo, a nascent office market, now has 3.1 million square feet of office space, the majority of which was completed in the past decade. That space was 43% vacant as of the fourth quarter including space listed for sublease, according to real estate brokerage CBRE.<\/p>\n
That compares with 28% office vacancy in the entire Denver metro area, and 38% in downtown Denver, per CBRE.<\/p>\n
Read more from our partner, BusinessDen<\/a>.<\/p>\n