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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Essex Financial Group (“Essex”)
arranged two (2) acquisition loans on behalf of CentrePoint Properties and
Dunton Commercial (“Sponsor”). The loans
facilitated the purchase of the Interquest Portfolio (241,232 square feet of Class
A office/flex in Colorado Springs) and 6th Avenue West (124,010
square feet in Golden, Colorado).The
Interquest Portfolio is one of the best-in-class, single-story office
properties in Colorado Springs and is located along I-25 in the premier
Interquest Business Park. The single-story office/flex portfolio is 82% leased
to a mix of technology and healthcare tenants, and more than 75% of the
in-place tenants have publicly traded invest...
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