JLL Capital Markets recently arranged a $36.7 million refinancing for Park 36, a three-building, Class-A industrial asset in Broomfield.
JLL worked on behalf of the joint venture between Stockbridge and Lincoln Property Company to secure floating-rate financing for the property.
Completed in 2019 (Building One) and 2024 (Buildings Two and Three), Park 36 is strategically located at 800, 810 and 830 Hoyt Street, positioned directly off the intersection of two heavily trafficked interstates, US-36 and US-287. This prime location provides quick access to Denver, Boulder, Denver International Airport and beyond. The property sits in the Northwest Denver submarket, which includes Broomfield, Louisville, Superior, Boulder, Westminster and Longmont.
The institutional-quality development, totalling 275,090 square feet, features 28- and 32-foot clear heights, 76 dock-high doors, eight grade-level doors, two built-out spec suites, 566 parking spaces and flexible floorplans that can be demised as small as 16,600 square feet.
The JLL Capital Markets Debt Advisory team was led by Executive Managing Director Eric Tupler, Senior Managing Director Melissa Rose and Senior Analyst Ellie Savage.
“The Northwest Corridor’s restrictive growth policies and high barriers to entry have created strong demand for Class A industrial space in this highly desirable location between Denver and Boulder,” said Tupler. “With minimal competitive Class-A space available for lease in the submarket and robust leasing activity, this property is well-positioned to capitalize on the area’s strong market fundamentals and achieve full stabilization.”
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.
