DCT Industrial, an industrial real estate investment trust, leased 14,646 square feet — the entire eighth floor — in the historic Denver Club Building at 518 17th St. Construction is underway on tenant improvements.

DCT was founded by former executives at Denver-based Prologis, the world's largest industrial REIT.

Corum Real Estate Group, the owner of the Denver Club building, is totally rebuilding and updatig the 23-story Denver Club Building. on tenant improvements. Last year, Corum "re-acquired" the building by buying out a previous partner on the building.

Extensive interior and exterior architectural renovations already have been completed during the first phase of construction, including a new street level exterior, entry and lobby, new mechanical systems, and five high-speed passenger elevators. Approximately 180,000 square feet in the building are currently available.

Three floors are currently being renovated with construction to commence on 1,500 square feet to 6,000 square feet in speculative, move-in-ready suites by the end of March.

"Pre-leasing interest has been quite strong," said Cheryl Casserly, Senior Vice President, Corum Real Estate Group. "The economics are such that we're seeing strong demand for space in this historic landmark building."

The building was known as "Denver's first Skyscraper" when it was constructed in 1954. Tthe building is owned by Denver Club Building Encore, LLC, which is comprised of Corum Caulkins Denver Club, LLC, and capital partner Diversified Real Estate Capital of Chicago. Financing for renovations and tenant improvements is being provided by Associated Bank of Milwaukee.