In December 2016, Triumph successfully opened a 129 key Residence Inn in Breckenridge, Colorado. Designed to showcase the expansive mountain views, the property is the first Marriott-branded hotel in the city and the first new hotel in the market in over 26 years. It is located in the heart of downtown Breckenridge, one of the most popular ski destinations in the country.
This condominium redevelopment project was delivered seven weeks early with all units under contract at one of the highest average per-square-foot values in the Vail Valley.
Triumph found this off-market, underperforming building and convinced its previous institutional owner to sell. We found an investment partner and new tenant for the building and then made minor renovations to the property and filled all significant vacancy within a year.
Triumph was selected to develop, build, and manage this new 24,000 square foot office building. Triumph secured the town’s blessing to add another floor to the building that was originally approved to be only two stories tall, making the Lakelands area a true live-work community. Triumph continues to lease and manage the building on behalf of the owner.
Triumph acquired and repositioned this 150,000 square foot office building at 8120 Woodmont Avenue in downtown Bethesda. In six months, Triumph renovated and filled a building that had been institutionally managed and 35 percent vacant for several years.
Triumph handled the ground-up development of this 75,000 square foot mixed-use retail and office project in Germantown. After Euro struggled with the entitlement of a new car dealership, Triumph proposed, designed, entitled, and built a project that met both the county’s vision for mixed-use along a main street in fast-growing Germantown as well as Euro’s need for a new car dealership in the northern portion of the county.
Triumph purchased this 45,000 square foot medical office building in Rockville based on its stable single-user tenant (Kaiser Permanente) and the site’s excess development potential (an additional 40,000 square foot office building). We then negotiated the assignment of the prime lease directly to Kaiser, thereby increasing rent in the building by 7 percent.
Triumph was asked to handle the build-to-suit development of Goodwill Industries’ new headquarters building. We were able to pre-negotiate a long-term lease with an option to buy and the bank financed essentially all deal costs, thereby creating value and mitigating much of the development risk before a shovel entered the ground.
1,000 to nearly 3,000 sf retail space is available for lease in Germantown, Maryland. Contact Asset Manager Linda Garrett for leasing opportunities: