Boom Supersonic

Founded in 2014, Boom Supersonic is redefining commercial flight by bringing supersonic flight back to the skies. To date, Boom has raised $210 million and is one of the few Colorado-based companies to achieve unicorn status. The requirement ultimately focused on existing opportunities for 200,000+ SF throughout the Southeast Suburban market, which produced a handful of viable options, however negotiations quickly progressed at Oppenheimer's former site given their ability to deliver by January 2022. We are incredibly thankful for everyone's involvement, including Boom's leadership team, as this was a complicated transaction with a successful outcome for all. 

As evident by their company name, Boom Supersonic, needed to move incredibly quickly to secure a new global HQ to eventually accommodate 2,000+ employees in the coming years. With these ambitious hiring aspirations came the need to remain in close proximity to a large employee base, while also locating a building large enough to support their desired expansion plans. We quickly identified all existing opportunities to support this requirement and worked in tandem with Boom's leadership team to commence negotiations on multiple options to drive leverage throughout the entire Denver market.

We highlighted Boom's past funding, capital partners, and hiring plans in detail with each property owner in attempt to expedite the negotiation process and achieve the best deal terms possible. Fortunately, we identified several viable options and ultimately narrowed our focus to Oppenheimer's former campus located at 6801 & 6803 South Tucson Way, which is a two-building campus comprising 290,000 SF. 

Throughout negotiations, local investor, Westside Investment Partners, announced their intent to acquire both assets, which added a layer of complexity to the deal given Boom's pressing deadline. Similar to other early-stage, hyper growth clients, anonymity was of utmost importance and NDAs were executed by all parties prior to furthering negotiations with the incoming buyer. Once both parties developed a trusting relationship, we worked in good faith to finalize lease negotiations prior to the closing date, all of which occurred within a week of Christmas. Ultimately this was a very quick, yet thorough, process that provided Boom the ability to meet all necessary deadlines.