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News release

DENVER, CO

Kresher Capital LLC creates a footprint in LoDo and RiNo with $13.5 Million in acquisitions within 45 days

Firm completes three acquisitions in Denver


DENVER, January 15, 2013 — Kresher Capital and Jones Lang LaSalle announced that Kresher has closed on additional real estate acquisitions in Colorado. 3001 Walnut and 1720 Wynkoop closed at the end of 2012 and 3012 Huron is set to close in the coming weeks. These most recent deals total over $13.5 million and were orchestrated within the past 45 days.

With three additional loan and acquisitions in the pipeline, Kresher hopes to continue growing its Colorado market share. Patrick Dunn of Kresher Capital LLC stated, “Kresher is continually looking to expand its real estate acquisition and lending business in Colorado.  We are happy with the risk adjusted returns offered in the Colorado marketplace as evident from the performance of both our lending and direct investment platforms.  We are very excited about investment opportunities in certain metro areas, and Denver is right at the top.  Kresher fully expects to substantially expand our lending business in conjunction with closing on opportunistic real estate investments in the Denver area over the coming years.”

Ryan Arnold, Vice President with Jones Lang LaSalle’s Denver team represented Kresher Capital in the acquisition of 3012 Huron and was instrumental in the closing of 3001 Walnut. 

1720 Wynkoop – The most notable of these deals was the acquisition of commercial retail totaling over $7.1 million.  The units front Union Station and include tenants such as Venice, Morton’s Steakhouse, The Salon, and Paradise Cleaners.    

3001 Walnut – Another notable acquisition was done with Epic Brewing Company. The Salt Lake City microbrewery signed a lease with Kresher Capital who concurrently purchased the building, allowing their brewery expansion into Colorado.  Epic signed a 20,000-square-foot lease and plans for production and distribution, as well as a tap room at the location.

3012 Huron – Closing in the coming weeks, is a fully leased 29,000 s.f. office property in the Prospect Park neighborhood.  The property includes adjoining parking spaces.

About Kresher Capital
Kresher Capital is a private, equity investment group focused on real estate lending and acquisition opportunities.  With offices located in Colorado, Florida, and New York Kresher excels due to family ownership and having a principal in Colorado.  For further information, please contact Patrick Dunn at +1 720 851 2363 or email at pat@kreshercapital.com.

For more news, videos and research resources on Jones Lang LaSalle, please visit Jones Lang LaSalle’s U.S. Media Center web page.

About Jones Lang LaSalle
Jones Lang LaSalle (NYSE:JLL) is a financial and professional services firm specializing in real estate. The firm offers integrated services delivered by expert teams worldwide to clients seeking increased value by owning, occupying or investing in real estate. With 2011 global revenue of $3.6 billion, Jones Lang LaSalle serves clients in 70 countries from more than 1,000 locations worldwide, including 200 corporate offices.  The firm is an industry leader in property and corporate facility management services, with a portfolio of approximately 2.1 billion square feet worldwide. LaSalle Investment Management, the company’s investment management business, is one of the world’s largest and most diverse in real estate with $47 billion of assets under management. For further information, please visit www.joneslanglasalle.com.