News release

Industrial portfolio in Colorado financed for $16.8M

JLL Capital Markets arranged the financing of a three-property portfolio in the Commerce City, Loveland and Pueblo markets

July 21, 2021

DENVER, July 21, 2021JLL Capital Markets announced today that it has arranged $16.8 million in financing for a fully leased, three-property light industrial portfolio totaling 292,076 square feet in the Front Range Colorado markets of Commerce City, Loveland and Pueblo.

JLL worked on behalf of the borrower, Flywheel Capital, to place the five-year, floating-rate financing with two one-year extensions with Erik Frandsen and Craig Fimple in the Denver office of The Huntington National Bank.

The portfolio comprises 6300 Clermont, a two-building single-tenant asset in Commerce City; Campion Industrial Park, a three-building multi-tenant asset located in Loveland; and 205 N. Elizabeth St. in Pueblo. Completed between 1952 and 2005, the fully occupied portfolio is home to 16 tenants and features clear heights ranging from 12 to 26 feet and 18 loading positions.

The portfolio spans 19.39 acres in high-performing industrial markets with low vacancy rates, steady rent growth and limited supply. The properties have access to extensive transportation arteries, including Interstates 25, 70 and 80, and nearby airports that allow tenants to not only reach their respective markets but easily access a larger regional population.

The JLL Capital Markets Debt Placement team representing the borrower was led by Senior Managing Director Eric Tupler and Director Rob Bova.

“This was a highly complex transaction involving multiple properties, two acquisitions and a 1031 like-kind exchange component,” said Ian Nichols, Senior Director at Flywheel, “On behalf of our investors, thanks to the JLL Capital Markets and Huntington National Bank teams for understanding the complexity of this transaction and getting it closed in an efficient manner.”

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.

For more news, videos and research resources on JLL, please visit our newsroom.

About JLL

JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.6 billion in 2020, operations in over 80 countries and a global workforce of more than 91,000 as of March 31, 2021. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit

About Flywheel Capital

Flywheel Capital creates long-term, generational wealth for our clients through insightful and creative investments in commercial real estate. Our results-proven strategy is grounded in sourcing, incubating, and managing hidden-value assets that realize substantial returns over time. Based in Denver, Flywheel Capital collaborates with investors, lenders, and community leaders to craft deals that positively contribute to the economic health of the Colorado community. To learn more, visit or on LinkedIn