Aurora,
CO – Essex Financial
Group arranged a $13.0M loan for the acquisition of Summer Valley Shopping
Center, a 95,669 SF retail center located in the southeast Denver metro area. Essex
worked on behalf of the buyer to source the 10-year, fixed rate loan for the
acquisition.Summer
Valley Shopping Center is currently 99% leased to a diverse group of 18
retailers. The Center is anchored by VASA Fitness, a leading operator of health
clubs in the Western U.S. Dollar Tree is the junior anchor. The Property sits
on an 8.7-acre site at the highly trafficked intersection of East Quincy Avenue
and South Buckley Road. More than 62,000 vehicles travel this intersection
daily...
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Lakewood,
CO – Essex
Financial Group secured $17.0M of bridge financing for the acquisition of 143
Union, a 191,564 SF, 10-story office property centrally located in the Union
Boulevard Corridor in Lakewood, CO. Essex worked on behalf of the buyer, Legacy
Real Estate Investments, to source the five-year, fixed rate loan that was
provided by an insurance company Essex has a long-standing relationship with. 143
Union, a class A landmark 10-story building occupied was just over 70% occupied
to a wide range of tenants that benefit from convenient light rail and
vehicular access, walkable retail and restaurants, and upgraded common areas.
The property is located in the su...
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Denver,
CO – Essex
Financial Group (“Essex”) arranged $32.0M in acquisition financing for the purchase
of 2nd & Josephine, a four-building, 105,253 SF mixed-use property
in the heart of Cherry Creek North. Essex worked on behalf of the buyer, Altus
Properties, to source the seven-year, fixed rate loan with a prominent life
insurance company. 2nd
& Josephine is situated on a ½ city block in Denver’s strongest office
market, surrounded by top restaurants, hotels, retailers, abundant new
construction and more. The Property is currently 100% leased and anchored by
Bank of America and boasts an average historical occupancy of 93% since the
last building was built...
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Longmont,
CO – Essex
Financial Group (“Essex”) arranged $13.8M in acquisition financing for the purchase
of Front Range Business Park, a two-building, 117,106 SF industrial/flex
complex located in Boulder County. Essex worked on behalf of the buyer, Ivy
Realty, to source the seven-year, fixed rate loan for the acquisition with a
regional bank. Front
Range Business Park is 100% leased to the State of Colorado’s Front Range
Community College (“FRCC”), the largest community college in Colorado, on a
long-term lease. Built in 1988, the property was originally designed for small
bay industrial/flex use and includes 9 dock-high loading doors between the two
buildings. It...
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