Operational Excellence
November 29, 2023

Xcel Energy’s Colorado headquarters relocating in 2025

New offices will be housed in the T3 RiNo building in Denver’s River North Art District

Xcel Energy is excited to announce that the company has finalized a deal to relocate our Colorado headquarters in downtown Denver to a new building located in Denver’s vibrant River North Art District (RiNo). The move will take place at the end of our current lease, with a target date of June 2025. 
Xcel Energy has pre-leased the entirety of office space at T3 RiNo, a new six-story, mass timber office building, to house its new 220,172 square-foot regional headquarters. The T3 RiNo lease was the result of a competitive bid process and will reduce the company’s annual operational costs by an estimated $2.5M. 
“T3 RiNo will provide several benefits important to our coworkers including more parking, proximity to the RTD light rail system, greater security and more,” said Robert Kenney, president of Xcel Energy-Colorado. “We’re committed to staying in Metro Denver area as part of our commitment to our communities, service areas and stakeholders. We look forward to contributing to the fabric of RiNo’s growing community.” 
T3 RiNo features a refined industrial, heavy-timber-structured design that is 100% renewable, recyclable, and non-toxic. The building structure pays homage to both Denver’s historic brick and timber buildings and to the city’s vibrant and rapidly evolving art district. In keeping with the company’s commitment to environmental sustainability, the building is expected to achieve LEED, WiredScore, WELL, and ENERGY STAR certifications at the highest levels.  
“As one of the most environmentally friendly developments in the City of Denver to date, T3 RiNo is a natural fit for a tenant customer who shares our commitment to prioritizing sustainability in a tangible way,” said Charlie Musgrave, Vice President of U.S. Office and Life Science Leasing at Ivanhoé Cambridge. “No doubt, this milestone lease exemplifies the power of alignment in delivering the best match for a high-quality tenant with strong convictions.” 
Xcel Energy is the largest electric and natural gas energy provider in Colorado, safely and reliably serving 1.6M electric and 1.5M natural gas customers. To learn more about Xcel Energy’s commitment to serving Colorado with safe, reliable energy, while keeping costs low, check out some of our recent blog stories: