Hannah Cope |
DENVER, CO – JLL Capital Markets has arranged $27 million in acquisition financing for a light industrial and office portfolio comprising six value-add properties totaling 184,462 square feet in Boulder, Colorado.
JLL worked on behalf of
the borrower, Good Investment Partners (GIP), to place the
floating-rate acquisition loan with Argentic Investment Management LLC.
Jason Carlos |
Spanning a total of 13.1 acres, the
portfolio is in the heart of Boulder County approximately 10 minutes from
downtown. Boulder is experiencing tremendous growth with the recent entry of
institutional investors attracted by an educated workforce and university that
helps drive innovation and advancement.
The
city is currently experiencing the largest volume of venture funding growth in
the nation, which is helping to fuel the area into becoming an innovation hub.
William Haass |
The portfolio comprises a mix of six single- and
multi-tenant buildings at 6797, 6837 and 6899 Winchester Circle (Gunbarrel
Technical Center) and 4695, 4697 and 4699 Nautilus Court (Twin Lakes Business
Park).
Completed between 1982 and 2001, the 87.8-percent-leased portfolio offers its 23 diverse tenants cost alternative flex space that is proximate to the rapidly growing Boulder MSA
Ryan Good |
The JLL Capital Markets team that
represented the borrower included Directors Jason Carlos and William
Haass. Good Investment Partners Managing Partner Ryan Good and Vice
President and Partner Hannah Cope led the transaction on behalf of GIP.
“It is no secret that Boulder’s strong historic fundamentals have been successful in attracting tech companies and a diverse talent pool, all while offering a high quality of life,” Cope said.
“Boulder’s continued economic growth has put it at the fore front nationally and internationally as a leader in R&D, technology, biotech, manufacturing and other mission-critical operations.
"We’re confident this
portfolio will benefit from a disproportionate share of economic growth as
demand continues to outstrip supply across the industrial sector.”
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CONTACT:
Kimberly
Steele
PR, Capital Markets
Agency Leasing and
Valuation Advisory
JLL
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+1 713 852 3420
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+1 832 244 9994
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