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Johns Manville renews lease with Crescent Real Estate for 118, 865 square feet in downtown Denver



Published January 31, 2013
Johns Manville has renewed its lease to remain the building anchor and namesake for Johns Manville Plaza in Downtown Denver. The deal for 118,865 square feet keeps Johns Manville's world headquarters in Downtown Denver for at least another 12 years.

The deal helps boost Downtown Denver's claim as the hub of the region. Downtown Denver has approximately 112,000 employees and 65,000 residents live in Denver City Center neighborhoods, according to the Downtown Denver Partnership.

"The decision of Johns Manville to continue to host their world headquarters in Downtown Denver is very significant as it represents the retention of approximately 400 jobs," says Tami Door, president and CEO of the Downtown Denver Partnership.

Johns Manville conducted a thorough evaluation of economics, employee and business logistics, and explored a number of options before deciding to remain at Johns Manville Plaza, according to president and CEO Mary Rhinehart.

"There were several excellent choices in the Denver metro area where we could conduct our headquarters operations," says Rhinehart. "However, at the end of the day, our current location provided the greatest benefit across all of the factors we considered. We are excited to keep our world headquarters in Downtown Denver. The city of Denver, the Downtown Denver Partnership and Crescent Real Estate worked cooperatively to help us remain an anchor company in Downtown Denver." 

In addition to its downtown location, Johns Manville has a 325,000 square-foot technical center southwest of Denver. The technical center location will remain in place.