MAGELLAN CONSOLIDATES HQ HERE

Denver is benefiting from a consolidation. Magellan Petroleum Corp recently moved its HQ from Portland, Maine to Denver and consolidated its entire operations into 6k SF at 1775 Sherman St, the company reported in filings to the SEC. “Basing our company in an oil and gas hub will allow us to access talented professionals and service providers,” company officials said in the filing. Magellan leased the space from a third-party entity owned in part by its CEO J. Thomas Wilson and a board member, the company states, with Thomas being paid $59k this year in consulting service fees.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Denver Newsletters
Related Stories

Mountain Developers Look To Mobile Homes, Deed Restrictions For Affordability Solutions

Downtown Atlanta Improvement Group Picks Food Bank Chief As Next Leader

Trump's DEI Crackdown Is Creating New Risks For Landlords That Lease To The Government

Developer Seeks Permit For Denver Energy Center Conversion Project

Brandon Johnson Seeks Second Term Amid Strained CRE Relationship

Fertility Provider Opens Clinic At 1900 Lawrence Office Tower: The Denver Deal Sheet

Former CBRE Exec Suing Brokerage Giant Over Age Discrimination, Whistleblower Complaint

D.C. Investor Behind The Stacks Swaps CEO For First Time In 25 Years

Lender Requests Receiver For X Denver Apartment Building Near Coors Field

CBRE IM Buys Net Lease REIT For $1.6B, Plans More Investment

The Difference Between Service And Hospitality That Makes A Flexible Workspace A Success

Beyond The Boom: How Miami's CRE Market Continues To Be Resilient