Comcast Cable Holdings | Western United States Technical Support Headquarters

Property Description

This 157,294 square foot, four-level office property, located in Greenwood Village, Colorado (approximately 12 miles south of Downtown Denver), is 100% leased to Comcast Cable Holdings, LLC ("CCH"), with a guarantee from the parent company, Comcast Corporation ("Comcast"). The property serves as Comcast's Western United States Technical Support Headquarters. Comcast is the largest cable operator in the United States, an investment grade-rated, publicly-traded global media and entertainment company, with a year end 2011 equity market capitalization of $97 billion, and reported 2011 revenues of $55.8 billion. Comcast is ranked #49 on the Fortune 500.

Business Essential Attributes

Employees at the property provide year-round, 24/7 support to Comcast's front-line field technicians responsible for servicing the company's cable television and internet service clients. Comcast has two such facilities in the United States - the "sister property" is located in New Jersey. The property is optimally located within the Mountain Standard Time Zone which allows the property to service field technicians in the Pacific Standard Time Zone to the west and parts of the Central Standard Time Zone to the east during normal business hours when the property is fully staffed with approximately 600 employees.

Additional Property Information

Comcast Holdings has been in continuous occupancy at the property since 1998, during which time over $5 million of renovations have been completed, including the addition of above-standard HVAC systems and back-up energy systems as well as a full-service café and dining area. These improvements were implemented to ensure minimal operational disruption of this 24/7, business essential operation. The property's 706 total parking spaces, including 425 surface spaces on site, and 281 in an adjacent structured parking deck leased via an evergreen reciprocal parking easement agreement, equates to a parking ratio of 4.5 stalls per 1,000 square surface feet of net rentable area, which is well above the typical parking ratio of office buildings in the area.

The property is located immediately proximate to the Denver Technological Center master-planned community, adjacent to Interstate 25. The Denver market has historically had a high concentration of media and cable service provider companies which has led to the development of a deep pool of skilled workers with cable industry-specific skills and expertise, making the city an attractive home for companies in the industry.

Comcast Cable Holdings | Western United States Technical Support Headquarters

Greenwood Village, Colorado

PROPERTY AT A GLANCE

Property Type: Office
Square Footage: 157,294

Lease Expiration:
November 30, 2021
Renewal Option(s):
One 5 or 10-year Option
Rent Increase(s): Commencing
June 1, 2013: $0.50 per square foot annually. Average annual rent increase of approximately 3.3%
Tenant: Comcast Cable Holdings, LLC (Guarantee from Comcast Corporation)
Website: www.comcast.com
NASDAQ*: CMCSA

*Stock ticker symbol is for Comcast Corporation, the guarantor of the lease.