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Phoenix & Southwest  + Southwest  + Industrial  | 

JLL Delivers Nearly $32M Financing for Boulder-Area Asset

Berkeley Partners secured a $31.85 million loan for the acquisition of a two-building, industrial complex totaling 411,485 square feet in the Boulder-area community of Louisville, CO. DPC Cos. and Long Wharf Capital sold the property for $49 million.

JLL’s Kevin MacKenzie, Jeff Sause, Leon McBroom and Spencer Richley worked on behalf of the borrower to place the seven-year, fixed-rate, non-recourse loan with Nuveen Real Estate.

The multi-tenant, fully triple-net leased building is at 333-335 Centennial Pkwy. between Boulder and Denver and has direct access to Highway 36. The property was completed in 1995 and renovated in 2019. The tenant mix comprises light manufacturing, distribution and R&D users that heavily invested in their space.

McBroom says, “Industrial continues to be an especially sought-after product type for all capital sources, and we had numerous lenders interested in the deal. The lack of supply around good-quality industrial for lenders to finance created an extremely deep and competitive field, allowing us to compress pricing and push on proceeds.”

For comments, questions or concerns, please contact Dennis Kaiser

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

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  • ◦Sale/Acquisition