JLL Secures $36.7M Refinancing for Class A Industrial Asset in Broomfield, CO

Reuters
01 Jul
JLL Secures $36.7M Refinancing for Class A Industrial Asset in Broomfield, CO

Jones Lang LaSalle Inc. $(JLL)$ has successfully arranged a $36.7 million refinancing deal for Park 36, a Class A industrial property situated in Broomfield, Colorado. The property, comprising three buildings completed between 2019 and 2024, benefits from its strategic location near major interstates, offering easy access to Denver, Boulder, and the Denver International Airport. The refinancing was secured on behalf of a joint venture between Stockbridge and Lincoln Property Company. The JLL Capital Markets Debt Advisory team, led by Eric Tupler, Melissa Rose, and Ellie Savage, facilitated the transaction. This move is expected to leverage the high demand for industrial space in the Northwest Denver submarket, characterized by its restrictive growth policies and limited competitive Class-A leasing options.

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