$22.84M financing lined up for suburban Denver office asset

DENVER – May 20, 2021 – JLL Capital Markets announced today that it has arranged $22.84 million in financing for 116 Inverness, a suburban Class A office building totaling 216,999 square feet in Englewood, Colorado.

JLL worked on behalf of the borrower, Miller Global Properties, to secure a floating-rate acquisition bridge loan through a national debt fund.  

116 Inverness is positioned on 7.08 acres within the Inverness Business Park in Denver’s Southeast office market. Situated just east of Interstate 25 and just north of E-470, the office building has convenient access to the entire Denver metro area. Additionally, 116 Inverness is surrounded by numerous retail, entertainment and hospitality amenities.

The 83%-leased property was originally built in the early 1980’s and was renovated over the years, most recently in 2019. Additional value-add creation exists through the renovation of shared amenity space and common areas, including a top floor roof deck and ground level amenity deck space.

JLL’s Capital Markets team representing the borrower was led by Senior Managing Director Eric Tupler.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales advisory, debt placement, equity placement or a recapitalization. The firm has more than 3,700 Capital Markets specialists worldwide with offices in nearly 50 countries.

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