National CineMedia’s America’s Movie Network leased 63,000 square feet at the Cascades Building at 6300 South Syracuse, recommitting its headquarters operation to Denver. Located in Denver’s southeast suburban submarket, west of Interstate 25 at the southeast corner of East Caley Avenue and South Syracuse Way, the seven-story office asset affords convenient local and regional access. Newmark Knight Frank’s Jim McGrath and Tom Pappas represented NCM in the transaction.
“As the largest cinema advertising network in the U.S., NCM has also evolved to a progressive, integrated digital media company that reaches movie audiences wherever they may be. We knew we needed a space that reflected that evolution,” said NCM CEO Andy England. “Moving to a modern headquarters with an innovative interior design that matches our company culture and vision will enable a more collaborative environment, and allow us to attract and retain top Denver talent.”
NCM’s Noovie preshow, seen on over 20,600 screens in 1,700 movie theaters throughout the U.S., leads audiences to what’s new in entertainment, including content from the Walt Disney Studios, Sony Music Entertainment’s Rumble Yard, ABC Networks, Amazon, Google, Hulu, Nintendo, NBC, Toyota, Turner Broadcasting System and more, along with national, regional and local advertising.
“Our first project with NCM was over eight years ago when we helped restructure its existing lease and significantly reduce costs. As part of that negotiation, we were able to add a flexibility lever that permitted NCM to exit the lease early,” said McGrath, executive managing director at NKF. “This option allowed NCM to be nimble and responsive as the marketplace changed and seize an opportunity that presented itself.”
NKF identified a space recently built out by a previous tenant that included brand-new furniture, allowing NCM to make the move while saving significantly on up-front capital costs,” added Pappas, managing director, NKF.
NCM’s new headquarters space offers access to the Arapahoe at Village Center light-rail station, Fiddler’s Green Amphitheater and numerous nearby area amenities. NCM has assembled an architect team utilizing Architect Studio B2SJ to provide space-programming services and build-out. The company plans to move into the new space by June.