United Properties signs lease with Rise Broadband at Inverness Business Park

13,500-sq.-ft. lease brings office building to 96 percent occupied

DENVER (June 8, 2015) – United Properties, a developer and investor with offices in Denver, has signed a lease with Rise Broadband, the nation’s largest fixed wireless broadband provider, for Rise Broadband’s new headquarters location at 61 Inverness. The 13,500-sq.-ft. lease will commence July 1. Located at 61 Inverness Drive in Inverness Business Park in southeast suburban Denver, the 87,000-sq.-ft., three-story office building is now 96 percent leased.

Rise Broadband will relocate from its nearby location at 400 Inverness Parkway. The company chose the new location because of the recent renovations to the building, move-in ready space and ample parking.

“Our new space at 61 Inverness gives us the opportunity to continue our rapid growth in the heart of the country’s telecom hub,” said Jack Koo, president and CEO, Rise Broadband. “We look forward to being located near many of the industry’s pioneers and leading corporations that have a long history in this area.”

The transaction team included: landlord broker DTZ Americas-Cassidy Turley, tenant broker New Option Realty and architect Kieding. Cushman & Wakefield/NorthMarq manages the property on behalf of United Properties.

Originally constructed in 1983, United Properties acquired 61 Inverness in March 2013 and began planning the building’s first extensive renovation. United Properties completed the renovations in 2014, including: upgrading lobbies, common areas and restrooms; finishing out suites; and refreshing the building signage and property exterior. In addition to Rise Broadband, other tenants include Computer and Communication Technologies, Inc., Centura Health Neighborhoods and Jeppesen, a subsidiary of The Boeing Company.

About Rise Broadband
Rise Broadband is the nation’s largest fixed wireless Internet provider; serving nearly 200,000 rural and suburban residential and commercial accounts in the Midwest, Rocky Mountain and Southwest regions. Incorporated in 2005, parent company JAB Broadband rebranded all of its operations as Rise Broadband in 2015 – including regional divisions Digis, Prairie-iNet, Skybeam, T6 and Rhino Communications. Today, Rise Broadband offers affordable high-speed broadband (Internet and phone) services in 15 states; with speeds ranging between 3 Megabits per second and 1 Gigabit per second. Rise Broadband is headquartered in metro Denver. For more information, visit www.risebroadband.com.

About United Properties
United Properties, based in Minneapolis, specializes in commercial real estate development and investment. Since 1975, United Properties has provided development services for the retail, residential, office, medical and industrial sectors. In addition to a large presence in the Minneapolis-St. Paul market, United Properties’ Colorado division develops retail, office and industrial buildings. Formed in 1916, the United Properties investments group acquires, manages, finances and disposes of the company’s real estate investments, which includes nearly 50 office, medical, industrial and retail assets in Minnesota, Wisconsin, Illinois and Colorado. For more information, visit www.uproperties.com or follow on Twitter at @UPDeepRoots.

Media Contacts
Jessie Timmerman

Martha Nevanen