Northeast Denver office campus trades to local investor for $66.85M

DENVER, Oct. 20, 2021 – JLL Capital Markets announced today that it has closed the $66.85 million sale and $43.69 million financing of Gateway Centre, a four-building office campus totaling 299,614 square feet in Denver, Colorado.

JLL marketed the property on behalf of the seller, an affiliate of Equus Capital Partners, Ltd., and procured the buyer, Flywheel Capital. Additionally, JLL worked on behalf of the buyer to secure the five-year, fixed-rate acquisition loan with Independent Financial, which operates in major markets throughout Colorado and Texas.

Gateway Centre is positioned on 19.33 acres at 3950, 3800 and 3855 Lewiston St. in Aurora and 4400 Kittredge St. in Northeast Denver. Just 12 miles northeast of Downtown Denver, Gateway Centre is adjacent to Interstate 70 and Peña Boulevard offering exceptional accessibility throughout the region, including to Denver International Airport and Buckley Air Force Base. Additionally, the property is within walking distance of the Gateway Park light rail station providing a direct link to Downtown.

Recently renovated, Gateway Center offers Class A office space alongside tenant amenities, including a state-of-the-art fitness center with locker rooms and showers, a tenant lounge, Wi-Fi enabled patio with fire pit and a covered garage for executive parking. The Class A property is 100% leased to a diverse set of 24 tenants, including Primoris, Billtrust, Leidos and Boeing with Equus completing over 62,00 square feet of leasing since the start of the pandemic.

The JLL Capital Markets team representing the seller was led by Senior Managing Director Mark Katz and Senior Director Peter Merrion.

Financing efforts were led by JLL Capital Market’s Senior Managing Director Eric Tupler and Director Rob Bova.

“Gateway Centre saw tremendous interest from investors due to the quality of the assets and the growth story in Northeast Denver,” Merrion said. “Many companies choose this area to be accessible to the growing labor dynamics in Denver and our team was thrilled to work on this exciting property.”

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 and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

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