JP Morgan and CalSTRS view principled investment as part of our fiduciary responsibility. Our team selected View Smart Windows because they enable a more sustainable building, while offering a first-class amenity to tenants – demonstrating that investment in leading technology can result in higher performing assets.
- Eric Johnson
Managing Director at JP Morgan Asset Management
Civica Cherry Creek
JP Morgan, CalSTRS and Schnitzer West deliver Denver's most enlightened office experience featuring View Smart Windows
- View is a key feature of the best-in-class amenities package.
- Greater comfort with over 4,500 hours of additional natural daylight by using View Smart Windows instead of blinds.
- Highest weighted average rent in Denver, $3.75 above sub-market competitors.
- $300,000 in savings realized by downsizing HVAC and eliminating blinds and shades.
- Over 400 sq ft of additional rentable space, equivalent to $250,000 higher asset value, gained by downsizing core mechanicals.
Equity PartnerJP Morgan Asset Management, CalSTRS
Project TypeNew Construction
Project Specifications7 stories, 112,000 rentable sq. ft.
LEED certificationLEED Silver (anticipated)
Schnitzer West and its equity partners, JP Morgan Asset Management and the California State Teachers Retirement System (CalSTRS), jumped at the chance to enter the premium Cherry Creek market. Cherry Creek is the premier luxury shopping and dining neighborhood in Denver and one of the most visited areas in Colorado. It offers a premium mall with retailers such as Neiman Marcus and Louis Vuitton, and 16 blocks of boutiques, art galleries and restaurants, but few modern office buildings. The Civica Cherry Creek project draws from the best amenities and services offered by the hospitality industry to create a workspace that enriches both work and life. The building features a Great Room with flexible workspaces, a rooftop terrace with unobstructed views of downtown, a state of the art conference and training center, indoor and outdoor fireplaces, a bike room with showers and towel service, private wine lockers and five-star concierge service. View Dynamic Glass was selected as part of the effort to redefine the future of workspaces. By eliminating blinds, View will help the tenants get more of what they are paying for – panoramic views of downtown Denver and the Rockies. With View, tenants will enjoy abundant natural light, unprecedented control of their workspace, and a greener, more energy-efficient building. Schnitzer West features the benefits of View Glass in its marketing materials and as the “grand finale” on the leasing tour. The project delivered in March 2018.
Civica Cherry Creek is an innovative next-generation office building designed to create a more comfortable, productive and creative workplace experience. View Smart Windows introduce a new level of functionality and wellness that will redefine tenant expectations of a class A office experience in Denver.
- Doug Zabel
Managing Partner at Schnitzer West
Schnitzer West is a fast-growing real estate investment, development and property management company. The firm has a reputation for creating innovative work spaces, and for its value-creation approach to property management. JP Morgan is one of the largest asset and wealth managers in the world, with assets under management of $1.7 trillion. The company has a long-standing commitment to corporate citizenship and advancement of sustainable solutions. CalSTRS is the largest educator-only pension fund in the world, and the second largest pension fund in the U.S., with an investment portfolio valued at approximately $208.7 billion. Stewardship is one of CalSTRS core values, and sustainable objectives are fully integrated into its business practices and investment decisions.