South Denver Office Campus Lands $66M Refi

JLL's Capital Markets negotiated a $66 million loan for the refinancing of a 413,518-square-foot asset in Greenwood Village, Colo. The 10-year term loan features a 4.6 percent fixed interest rate and has a 30-year amortization schedule.

Fiddler's Green Center in Greenwood Village, Colo.
Fiddler’s Green Center in Greenwood Village, Colo.

The John Madden Co. tapped JLL to secure a $66 million loan from the Bellco Credit Union for the refinancing of Fiddler’s Green Center I & II in Greenwood Village, Colo. The 10-year term loan features a 4.6 percent fixed interest rate and has a 30-year amortization schedule. JLL’s Managing Director Baxter Fain led the financing team.

Attractive Location

The 413,518-square-foot, two-building asset is located off Interstate 25 and offers quick access to Arapahoe at Village Center Station and various bus stations. Combined, the two six-story Class A office buildings offer nearly 1,450 parking spaces.

“This was a sought after lending opportunity as the deal included experienced sponsorship, best-in-class buildings and a prime location,” Fain said in a prepared statement.

In another recent Greenwood Village deal, One Liberty Properties sold a vacant 45,000-square-foot retail building.

Image courtesy of JLL