$21 million in acquisition financing secured by JLL Capital Markets for Valley Business Center in Denver, CO submarket

 

Melissa Rose

DENVER, CO – JLL Capital Markets has arranged $21 million in acquisition financing for Valley Business Center, a 100% leased, 204,981-square-foot light industrial property in Denver, Colorado.

 

JLL worked on behalf of the borrower, Adler Real Estate Partners, in securing the fixed-rate insurance company loan. 

 

Located at 700 W Mississippi Avenue, just 10 minutes from Downtown Denver and 35 minutes from Denver International Airport, Valley Business Center is a strategic last-mile location in the Denver South Central submarket, the most highly sought-after submarket in Metro Denver.

 

Rob Bova

The five-building property has an average suite size of 10,249 square feet, attracting a diverse tenant pool by offering suite configurations and various loading capabilities – with dock high loading to almost every unit – plus ample power and 16’ – 20’ clear heights throughout the five buildings. Additionally, Valley Business Center has averaged 98% occupancy over the last 10 years, and today’s tenants are averaging 13.3-years of tenancy.

Valley Business Center

                                                         

 

The JLL Capital Markets Debt Advisory team was led by Senior Managing Director Melissa Rose and Director Rob Bova.

 

"We are thrilled to have facilitated this financing for Valley Business Center, further solidifying its position as a premier destination for light industrial development in Denver," said Rose. "This transaction underscores the strength of the market and the confidence of investors in the long-term viability of this asset."

 

For more news, videos and research resources, please visit JLL’s newsroom.

 

CONTACT:

 Grace Lewis

PR, Capital Markets

JLL

2401 Cedar Springs Rd.

Dallas, Texas 75201

M +1 903 520 3478

JLL.com