April 19, 2021
Prime Rate
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Posts in Featured Transactions

Closed Loan Spotlight - Central Park Business Center

Essex Financial Group has arranged a $20 million construction loan for Confluent Development to develop the Central Park Business Center, a speculative infill industrial business park that will be located at the intersection of Interstate 70 and Central Park Boulevard.  The 243,950 square foot industrial park is scheduled to break ground in March 2021 and will feature two (2) Class A buildings that will be divisible down to 20,000 square foot bays.  Both buildings will offer a front-park, rear-load design with 60-foot speed bays, dock-high and drive-in loading, 28-foot clear heights, ESFR sprinklers, and a combined 248 parking spaces (over 1 space per 1,000 SF)....

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Essex Arranges $7.8MM in Financing for a Multi-Tenant Office Building

[Denver, June 29th, 2020]– Essex Financial Group (“Essex”) has secured $7,800,000 in financing for the Wheeler Block Building, a 33,125 square foot office building located in the Highlands neighborhood of Denver. Essex worked on behalf of the borrower, Centre Point Properties, to secure the 7-year, fixed-rate non-recourse loan. Constructed in 1892 and renovated in 2008, the Wheeler Block Building is a highly desirable small tenant office building and is a designated historic landmark of the City and County of Denver. The Property is currently 97.1% occupied by 23 tenants. The Building is brick and timber construction with historic architecture, and has an open, m...

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Essex Arranges $11.5M Financing for a Grocery-Anchored Retail Center During COVID-19

Denver, May 18, 2020 – Essex Financial Group (“Essex”) has secured $11.5 million in financing for Kent Place, a 48,175 SF grocery-anchored retail center in the Cherry Hills Village neighborhood of Denver. Essex worked on behalf of the borrower, Continuum Partners, to secure the 15-year, fixed rate non-recourse loan with a national life insurance company.Originally developed in 2011 in a joint venture partnership with Regency REIT, Kent Place sits adjacent to Cherry Hills Golf Club at the corner of University Blvd and Hamden Ave. The property is part of a 11.5 acre mixed-use development comprised of retail and 300 luxury apartment units, the Kent Place Residences. The f...

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