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| Leon McBroom |
DENVER, CO – JLL Capital Markets
announced it assisted in arranging a $12.99 million construction loan for
39Tenn Apartments, a 39-unit multi-housing and retail development located at
3870 Tennyson Street in the Berkeley neighborhood of Denver, Colorado.
JLL worked on the assignment on behalf of
the borrower, Alpine Investments, to secure the construction loan with a
Colorado-based bank.
JLL’s Capital Markets team representing the borrower was led by Senior Directors Leon McBroom and Brock Yaffe.
The 39Tenn development will be a total of 36,278 square
feet, consisting of 39 upscale units totaling 31,633 square feet sitting atop
4,645 square feet of retail space. The development is expected to be completed
in late 2021.
 |
| Brock Yaffe |
Boasting a sophisticated, contemporary style, units will
have high-end finishes, engineered hardwood flooring, quartz countertops,
European-style solid-core cabinets with soft-close hardware, high-end
appliances, energy-efficient LED lighting and efficient water-source heating
and cooling systems in each unit.
With a Walk
Score® of 92, the development is located in one of Denver’s most
sought-after neighborhoods.
The
Tennyson Street corridor is a premiere entertainment district with various art
galleries and retail options and has been recently acclaimed the “next hottest
dining area,” due to its burgeoning restaurant scene.
In addition to being an entertainment
hotspot, the property is proximate to Denver’s largest employment centers,
offering about 136,000 jobs, and positioned just five minutes from downtown.
The
population within a one-mile radius of the property is 22,181, with a 1.76%
estimated growth rate over the next five years.
CONTACT:
Natalie
Passarelli
Public Relations
Public Relations
Jones Lang LaSalle Americas, Inc.
200 E. Randolph St.
Chicago, IL 60601
Chicago, IL 60601
M +1 224 477 7307
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