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Magnetic Capital Leases Entirety of Recently Purchased RiNo-Denver Building to F1® Arcade

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Submitted by Paul Suter

The 15,700 square foot building in downtown Denver’s mecca for entertainment, retail and hospitality will be home to a Formula 1 racing and lifestyle experience

Denver, CO (November 2024) – Staying true to their promise of bringing an “experiential retail space” to downtown Denver’s popular RiNo district, Magnetic Capital has fully leased their recently purchased building at 2734 Walnut Street to F1® Arcade, the world’s first Formula 1 experiential hospitality brand.

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Magnetic Capital purchased the building in June 2024 with Trinity Investors, and along with F1 Arcade are transforming it into a venue that will feature 69 full-motion simulators, an outdoor terrace, and an island bar. Guests will be welcomed to experience the best-in-class social racing experience and incredible hospitality, blending the Formula 1® lifestyle with a high-energy race atmosphere. The venue will also feature a private room, with a capacity of 100, 12 additional simulators, and patio access.

“RiNo continues to be one of the most dynamic neighborhoods of Denver and has proven itself as a mecca for retail, hospitality and entertainment, said Dan Huml of Magnetic Capital. “The property features dynamic spaces with exposed ceilings and a beautiful barrel truss roof. The outdoor area is perfect for accommodating a spacious patio. Given the popularity of Formula 1® in the US, F1® Arcade will be an exciting addition to the RiNo Arts District that will blend well with the fabric of the neighborhood.”

As a complement to the thrilling racing experience, F1® Arcade offers an elevated, globally inspired food and beverage menu, that will also highlight locally influenced dishes and more. Alongside its culinary offerings, F1 Arcade will serve an array of handcrafted signature cocktails and non-alcoholic “designated driver” drinks.

“Experiential retail is a popular trend for people who want more activities than just dinner and drinks out with friends,” added Huml. “They want a place where they can have various options to hangout, have fun and spend more time at a single location. We’re excited to be partnering with Trinity Investors on this concept.”

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“Formula 1® continues to grow rapidly in the U.S where we’ve increased from one to three races in just four years and welcomed millions of new fans,” Emily Prazer, Chief Commercial Officer at Formula 1®, shared in a statement. That growth is reflected in the rapid expansion of F1 Arcade around the U.S. as Denver is set to become the third venue to open in quick succession. The F1® Arcades are a fantastic place to enjoy a genuine Formula 1 experience, from the sim racing through to the dining and their unrivalled watch parties are unrivalled to.”

Magnetic Capital is also active in other parts of the Denver Metro Area. The company is currently under construction on a 100,000 square foot mixed-use development at 2nd & Adams in Cherry Creek North, featuring 80,000 square feet of office space and 20,000 square feet of retail.

About Magnetic Capital
Magnetic Capital, led by Dan Huml and Chris Carroll, is a privately held real estate investment and development company focused on developing and operating real estate assets often overlooked or undervalued by traditional investment firms. Headquartered in Denver, Colorado, Magnetic Capital is focused on development and multifamily acquisitions opportunities along the Front Range. For more information on Magnetic Capital, please visit https://magneticcap.com/.

About Trinity Investors
Trinity Investors is an alternative asset management firm providing a world class experience for individuals seeking above-average risk adjusted returns through direct investment in real estate and operating companies. Founded in 1999 with offices in Texas and Colorado, Trinity has invested $2.0B+ of equity into $6.0B+ of commercial real estate and traditional private equity portfolio companies. Currently, the firm’s portfolio consists of 160 commercial real estate assets and 19 operating companies or platforms. For more information on Trinity Investors, please visit https://www.trinityinvestors.com/.

About F1® Arcade
F1® Arcade is the world’s first F1® experiential hospitality brand that launched its first venue in London in December 2022, followed by its first US location in Boston Seaport in April 2024 and second in Washington D.C. in October 2024. F1® Arcade brings all the excitement, glamor, and thrill of Formula 1® driving to the masses. Featuring full-motion racing simulators, reaction games, huge viewing screens, best-in-class food, and cocktails, with an electric atmosphere. This is social gaming like you have never seen before.

An in-house tech team worked in collaboration with Formula 1® and Studio 397, a subsidiary of Motorsport Games, to create a new gaming experience leveraging Studio 397’s racing simulation platform rFactor 2. F1® Arcade is the first and only officially licensed social gaming F1® experience specifically designed for the mass market, supported by Formula 1®. F1 Arcade plans to open 30 locations globally across the next five years, with sites confirmed to open in Las Vegas, Philadelphia and Colorado.

New Office Building in Cherry Creek Breaks Ground

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“Hospitality-infused” office building at 2nd & Adams in Cherry Creek predicted to be 70 percent leased at the start of construction

Cherry Creek North, CO (May 2024) – Magnetic Capital is proud to announce the groundbreaking ceremony (please see invitation in email for details) for Cherry Creek’s newest office building, located at 2nd & Adams. The 100,000 square foot, “hospitality-infused” building is expected to be 70 percent leased at the start of construction, including a 30,000 square foot lease to Bow River Capital.

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“We’re very excited to announce the start of construction for 2nd & Adams, and provide our tenants with an office building that is designed and configured with the ultimate in hospitality in mind,” said Chris Carroll of Magnetic Capital. “Cherry Creek represents a ‘flight to quality’ among businesses that want a safe, friendly and first-class location where their employees can live, work and play. While downtown Denver continues to struggle with office vacancies, Cherry Creek has experienced 65 percent rent growth since Covid and a steady influx of new office and retail tenants, as well as residents filling existing and new multifamily communities.”

Bow River Capital, a Denver-based private alternative asset manager, will locate the company’s new headquarters at 2nd & Adams and become the building’s anchor tenant.

“We’re thrilled to be moving Bow River’s headquarters to 2nd & Adams and to be the first of many companies that will enjoy the building’s forward-thinking design,” said Bow River Capital Chief Operating Officer Jane Ingalls. “We were drawn to the focus on hospitality and elevated common areas that 2nd & Adams will provide to our team and guests.”

Construction of the mixed-use office development is scheduled for completion in the third quarter of 2025. The project will include approximately 80,000 square feet of office space and 20,000 square feet of retail. The development team is focused on what it calls a “hospitality-infused office operating model” with a heavy emphasis on food and beverage and the broader activation of common areas. The project will have multiple food and beverage and retail concepts across the ground floor and the rooftop will feature a 5,600 square foot bar and restaurant, anchored by best-in-class national operators.

OZ Architecture is the architect for the project and Mortenson Construction is the general contractor. OZ Architecture recently released an article on the project here. Blake Holcomb at CBRE is handling office leasing and can be reached here.

More information about 2nd & Adams is available at https://secondandadams.cbre-properties.com/

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Cherry Creek North Dynamics: Cherry Creek North’s unique concentration of high-end retail, executive housing, luxury multifamily, and premium hotels, all within a 16-block radius, positions it among the top office markets in the US today. With a vacancy rate of sub-2% and physical occupancy at ~95%, Cherry Creek contains fundamentals comparable to Sand Hill Road, Beverly Hills, and Century City. More information regarding Cherry Creek North is available at www.cherrycreeknorth.com.

About Magnetic Capital
Magnetic Capital, led by Dan Huml and Chris Carroll, is a privately held real estate investment and development company focused on developing and operating real estate assets often overlooked or undervalued by traditional investment firms. Headquartered in Denver, Colorado, Magnetic Capital is focused on development and multifamily acquisitions opportunities along the Front Range.

For more information on Magnetic Capital, please visit https://magneticcap.com/.

About Bow River Capital
Bow River Capital is a private alternative asset manager based in Denver, Colorado, focused on investing in the lower and middle market in four asset classes: private credit, private equity, real estate, and software growth equity. Through its subsidiary Bow River Advisers, LLC, Bow River Capital also offers a registered, closed-end mutual fund – Bow River Capital Evergreen Fund (EVERX) – designed to provide institutional-quality private market access to a broader set of investors. Collectively, the Bow River Capital team has deployed capital into diverse industries, asset classes and across the capital structure.

Bow River Capital Evergreen Fund is distributed by Foreside Financial Services, LLC, which is not affiliated with Bow River Capital or its affiliates.

For more information on Bow River Capital, please visit www.BowRiverCapital.com.

Media Contact: Paul Suter, Suter Media Relations

720-771-9093 or [email protected]

Magnetic Capital Announces Bow River Capital Lease Signing at 2nd & Adams in Cherry Creek

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Bow River Capital signs 30,000 square foot lease in new office building
featuring a “hospitality-infused” operating model

Cherry Creek North, CO (January 18, 2024) – Magnetic Capital has announced the first office lease signing for the new 2nd & Adams office building in Cherry Creek. Bow River Capital, a Denver-based private alternative asset manager, signed a lease for 30,000 square feet, which will serve as the company’s new headquarters.

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“We are excited and honored to have Bow River Capital as an anchor office tenant at 2nd & Adams,” said Magnetic Capital Managing Partner, Chris Carroll. “They are a highly regarded investment firm with a talented team, and we look forward to welcoming them to the building.”

“We’re thrilled to be moving Bow River’s headquarters to 2nd & Adams and to be the first of many companies that will enjoy the building’s forward-thinking design,” said Bow River Capital Chief Operating Officer Jane Ingalls. “We were drawn to the focus on hospitality and elevated common areas that 2nd & Adams will provide to our team and guests.”

Construction of the 100,000 square foot mixed-use office development will begin in April 2024 with delivery scheduled for the third quarter of 2025. The project will include approximately 80,000 square feet of office space and 20,000 square feet of retail. The development team is focused on what it calls a “hospitality-infused office operating model”, with a heavy emphasis on food and beverage and the broader activation of common areas. The project will have multiple food and beverage and retail concepts across the ground floor, and the rooftop will feature a 5,600 square foot bar and restaurant, anchored by best-in-class national operators. More information about 2nd & Adams is available at https://secondandadams.cbre-properties.com/

OZ Architecture is the architect for the project, and Mortenson Construction is the general contractor. OZ Architecture recently released an article on the project here. Blake Holcomb at CBRE is handling office leasing and can be reached here.

article continues after advertisement

Cherry Creek North Dynamics: Cherry Creek North’s unique concentration of high-end retail, executive housing, luxury multifamily, and premium hotels, all within a 16-block radius, positions it among the top office markets in the U.S. today. With a vacancy rate of sub-2% and physical occupancy at ~95%, Cherry Creek contains fundamentals comparable to Sand Hill Road, Beverly Hills, and Century City. More information regarding Cherry Creek North is available at www.cherrycreeknorth.com.

About Magnetic Capital

Magnetic Capital, led by Dan Huml and Chris Carroll, is a privately held real estate investment and development company focused on developing and operating real estate assets often overlooked or undervalued by traditional investment firms. Headquartered in Denver, Colorado, Magnetic Capital is focused on development and multifamily acquisitions opportunities along the Front Range.

For more information on Magnetic Capital, please visit https://magneticcap.com/.

About Bow River Capital

Bow River Capital is a private alternative asset manager based in Denver, Colorado, focused on investing in the lower and middle market in four asset classes: private credit, private equity, real estate, and software growth equity. Through its subsidiary Bow River Advisers, LLC, Bow River Capital also offers a registered, closed-end mutual fund – Bow River Capital Evergreen Fund (EVERX) – designed to provide institutional-quality private market access to a broader set of investors. Collectively, the Bow River Capital team has deployed capital into diverse industries, asset classes and across the capital structure.

Bow River Capital Evergreen Fund is distributed by Foreside Financial Services, LLC, which is not affiliated with Bow River Capital or its affiliates.

For more information on Bow River Capital, please visit www.BowRiverCapital.com.

Media Contact: Paul Suter, Suter Media Relations
720-771-9093 or [email protected]

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