$32.5M loan secured for Englewood, CO office campus
JLL Capital Markets led financing efforts for the two-building, Class A Meridian Campus
DENVER, CO – Mar. 10, 2021 – JLL Capital Markets announced today that it arranged a $32.5 million refinancing for Meridian Campus, a 391,240-square-foot, two-building Class A office campus in Englewood, Colorado.
JLL worked on behalf of Meridian Office Partners, LLC, to secure the 10-year, fixed-rate loan through a life company correspondent.
Meridian Campus is located at 12500 and 12510 East Belford Avenue in Denver’s southeast suburban office market. This location is just south of Interstate 25 and C/E-470 providing connectivity to Downtown Denver, Denver International Airport, Denver Tech Center and the broader southern metro area.
Completed in 1999 and 2000, the three-story buildings are fully leased to a single tenant. On-site amenities include a full-service cafeteria, fitness center, expansive conference and training rooms, a grab and go café and underground executive parking.
The JLL Capital Markets team representing the borrower was led by Senior Managing Director Eric Tupler.
“Eric Tupler and his JLL Capital Markets team performed at an exceptional level in every aspect of this transaction,” said Perry Di Loreto, Principal and Managing Member of Meridian Office Partners, LLC. “The JLL team demonstrated a level of expertise, professionalism and attention to detail that exceeded our expectations. This transaction would not have happened without their skillful guidance and knowledge.”
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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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, operations in over 80 countries and a global workforce of more than 91,000 as of December 31, 2020. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.