DaVita to locate new headquarters building in a lot adjacent to Millennium Bridge

DaVita Inc.Jul 15 2010

DaVita Inc. (NYSE:DVA), a leading provider of kidney care services for those diagnosed with chronic kidney disease, announced today it will locate its new headquarters building in a lot adjacent to the Millennium Bridge, at the west end of the 16^th Street Mall, across from the new Union Station development. Construction will begin in early 2011 and DaVita® expects to begin occupying the building in the second half of 2012.

“We're excited to be building a headquarters that will be a good home for DaVita teammates”

"We're excited to be building a headquarters that will be a good home for DaVita teammates," said Kent Thiry, chairman and CEO of DaVita. "Equally exciting is the fact that it will be a great place for thousands of our teammates from all over the country to attend DaVita University classes each year."

DaVita has engaged several Denver organizations to handle the various parts of the construction process.

• USI Real Estate and CresaPartners handled the local site search and real estate negotiations.
• CresaPartners will assist in the overall management of the project.
• Saunders Construction will act as the general contractor.
• Trammell Crow Company will provide development management services.
• MOA ARCHITECTURE is designing the building.
• MOA will partner with Acquilano Leslie to produce the interior design.

DaVita's new headquarters will total more than 270,000 square feet. The company acquired the land at a cost of about $11 million and the estimated construction costs will be $90 million. DaVita settled on the site after an evaluation of its unique business requirements. The company determined that existing office space would not meet its needs and that leasing and retrofitting an existing space would lead to higher costs.

DaVita has already created nearly 200 good-paying jobs, with benefits, in the Denver area since making the decision to relocate its corporate headquarters to Denver. The company expects to continue to grow that number.

DaVita is committed to the professional and personal growth of its teammates and has a particular focus on internal training and education programs. The new DaVita headquarters will house not only a variety of corporate functions, but also training facilities. Thousands of DaVita teammates will travel to Denver each year to attend DaVita University, the company's comprehensive training curriculum.