Class A Denver Office Tower Refinanced

JLL Capital Markets recently arranged a $54 million refinancing for 1660 Linc, a 31-story, 298,888-square-foot, Class A office building located at 1660 Lincoln St. in Denver’s popular Uptown area.

1660 Linc is a LEED Gold-certified building that was originally built in 1972. JLL worked on behalf of an entity, owned by certain funds managed by Westport Capital Partners, to secure the four-year bridge loan, with a one-year extension option, through Benefit Street Partners.

“1660 Linc is coming off a fresh capital plan with a brand-new lobby and new tenant amenities,” JLL Managing Director Leon McBroom explained. “With the capital plan done, Westport is strategically positioned to capture new tenants as the leasing market fires back up coming out of COVID. Further, its ideal setting at the convergence of Denver’s Uptown and Upper Downtown district will provide tenants with an irreplaceable location with a high-profile address and sweeping views of the Front Range.”

The property features parking for 425 vehicles, an 8,800-square-foot tenant lounge, training room for 40+ people, a game room, coffee bar, and gym complete with yoga room and Peloton bikes. The property was renovated in 2016 and 2019-2020 with more than $19 million in renovations, including the installation of an all-new central plant and HVAC systems, a lobby expansion and conversion of the entry to an open, sky-lit space. The diverse tenant roster is comprised of firms from more than a dozen industries and includes Ciancio Ciancio Brown, P.C., United States Meat Export Federation and a number of small start-ups.

Unico Properties owned the building between 2013 and 2018 and continues to manage the property.

Photo courtesy of JLL

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