Financing of Gateway Centre office campus arranged by JLL
Proximate to Denver International Airport and Downtown Denver
DENVER, September 4, 2019 – JLL announced today that it has arranged financing for Gateway Centre, a four-building office campus totaling 299,614 square feet in the Denver-area community of Aurora, Colorado.
JLL worked on behalf of the borrower, an affiliate of Equus Capital Partners, Ltd. (“Equus”), to place the five-year, floating-rate acquisition loan through the Pennsylvania office of Citizens Bank. JLL also arranged the sale of the property to an affiliate of Equus on behalf of a confidential client.
Gateway Centre’s four buildings feature high ceilings, rectangular floorplates, tall windows with mountain views and substantial natural light. Completed between 1998 and 2001, the portfolio is 82% leased to a diversified tenant base that includes several credit tenants. Situated on 19.33 acres along Interstate 70 and Pena Boulevard, Gateway Centre is visible to approximately 108,000 daily commuters. Additionally, the property location provides easy access to Interstate 225 and E-470 along with the Gateway Park light rail station, which provides a direct link to Downtown Denver and Denver International Airport and is just east of the property. Buckley Air Force Base is five miles from the property, and more than 10 restaurants and 12 hotels are within walking distance.
JLL’s Capital Markets team representing the borrower was led by Senior Managing Director Eric Tupler and Senior Director Leon McBroom.
"The market around Gateway Centre is showing tremendous growth, with an influx of residential development, hotel activity, job growth and continued infrastructure investment, and Gateway Centre was well positioned to take advantage of this dynamic area,” Tupler said.
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 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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Deal secured by Holliday Fenoglio Fowler LP (“HFF”) prior to being acquired by JLL on July 1, 2019. Co-brokerage services provided by Jones Lang LaSalle Americas, Inc.
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. Our vision is to reimagine the world of real estate, creating rewarding opportunities and amazing spaces where people can achieve their ambitions. In doing so, we will build a better tomorrow for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.3 billion, operations in over 80 countries and a global workforce of nearly 92,000 as of June 30, 2019. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com
About Equus Capital Partners, Ltd.
Equus Capital Partners is one of the nation’s leading private equity real estate fund managers. Equus’ diversified portfolio consists of office, multi-family, industrial, and retail properties located throughout the United States. The firm is headquartered in the Philadelphia area with regional offices in Chicago, Los Angeles, Washington D.C., Atlanta, and Raleigh-Durham. For additional information, please visit the company’s website at https://equuspartners.com.