Gates

Who
Gates
DESCRIPTION
150,000 SF Relocation completed in November 2016. A ten-year transaction with Hines.
When
November 1, 2016

Issues Faced by Gates which were similar to Sherman & Howard:  Gates was in the middle of taking entity public.  Initially, CFO, David Naemura, expressed no interest in moving and brokerage team was directed to secure a five year renewal at current location.  After several meetings with Workplace, Gates agreed to evaluate new construction and became anchor tenant at 1144 15th Street. The outcome, Gates focused on the lower bank at 1144 15th Street and was able to secure a market rate $7.00 psf below subsequent transactions at the Building.  Project came in on time and on budget.

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