August 14, 2018
Prime Rate
5.00%
2.06%
2.88%
2.94%
Photo of Bowles Village Center - 2018
Property Type
Retail
Transaction Details

$8,300,000 Permanent
Life Insurance Company

Transaction Name
Bowles Village Center - 2018
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Transaction Details

Essex Financial Group arranged an $8.2 million loan for a 107,162 square foot retail property called Bowles Village Center in Littleton, CO. The center, which is anchored by Bed Bath & Beyond, is well-located on a major retail thoroughfare and was 94% leased at the time of closing. The property’s strong lineup of national, regional, and local tenants includes Party City, Tony’s Meats, Littleton West Animal Hospital, and IHOP.

Michael Salzman and Ed Boxer arranged the fixed-rate loan, which was placed with one of Essex Financial Group’s correspondent life company lenders.