Post-acquisition financing secured for Denver’s Larimer Square
JLL Capital Markets led the financing efforts for the historic collection of 28 office and retail buildings
DENVER, August 12, 2021 – JLL Capital Markets announced today that it has arranged post-acquisition financing for Larimer Square, a historic mixed-use collection of 28 office and retail buildings along Larimer St. and Market St. in Downtown Denver, Colorado.
JLL worked exclusively on behalf of the property owner to secure the financing, which will be used to help the property owner realize its vision for the project through extensive restoration and renovation of these historic buildings.
Originally built in the late 1800’s, Larimer Square is listed on the National Register of Historic Places and comprises approximately 247,856 square feet of creative office and retail space along a full city block. The portfolio also includes the 306-space Market Street parking garage.
Situated in the heart of Denver’s historic lower downtown “LoDo” district, Larimer Square has been a catalyst of vibrant urban activation for more than 150-years. The portfolio of buildings benefits from its core compilation of retail and restaurant tenants along with creative office space above. Larimer Square has helped spur further historic preservation of existing brick and timber buildings as well as the development of new mixed-use projects throughout the LoDo area. An attraction in its own right, Larimer Square is also proximate to the Cherry Creek bike path, University of Colorado Denver campus, Ball Arena and Coors Field.
The JLL Capital Markets team was led by Senior Managing Director Anthony Fertitta and Senior Director Kristian Lichtenfels.
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 in 2020, operations in over 80 countries and a global workforce of more than 92,000 as of June 30, 2021. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.