May 23, 2024
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Posts in Recent Transactions

Essex Secures $13.0M Acquisition Loan for Aurora Shopping Center

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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Essex Arranges $17.0M Acquisition Loan for Lakewood Office Property

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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Essex Secures a $32M Acquisition Loan for Cherry Creek Mixed-Use Property

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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Essex Secures a $13.8M Acquisition Loan for Boulder County Industrial/Flex Property

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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