May 19, 2019
Prime Rate
5.50%
2.44%
2.38%
2.34%
Photo of Stanley Marketplace
Property Type
Retail
Transaction Details

$17,500,000 Permanent
Life Insurance Company

Transaction Name
Stanley Marketplace
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Transaction Details

Essex Financial Group (Essex) is proud to announce its involvement in the $17.5 million financing for Stanley Marketplace, a 105,000 square foot marketplace concept located in the heart of Denver’s affluent Stapleton neighborhood. Essex worked on behalf of the borrower, Westfield, to secure a fixed-rate, life insurance company loan to refinance its existing construction debt. Westfield is one of the preeminent full-service real estate firms in Denver, offering expertise and innovation in investment, development and management.

Originally a manufacturing facility for Stanley Aviation, Stanley Marketplace has been meticulously redesigned and transformed into a community-focused, mixed-use marketplace. Stanley offers a synergistic mix of over 50 tenants that cross a wide spectrum of industries, drawing visitors to the center throughout the day and into the evening. Stanley was 100% leased prior to delivery in early 2017, and now offers the Stapleton community a central place to eat, drink, shop, exercise, play and work.

Cooper Williams, Jeff Riggs and Jared Wiedmeyer represented the borrower in the debt placement. The Essex team originated the loan with one of its longest-tenured insurance company relationships.