High-rise commercial buildings

Sub Markets

Property Sectors

Topics

Phoenix & Southwest CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Phoenix & Southwest  + Southwest  + Retail  | 

JLL Secures Nearly $125M Refi for Denver Theme, Water Park

JLL Capital Markets arranged a $124.6 million refinancing for the Elitch Gardens Theme and Water Park in the heart of downtown Denver. The borrower was a partnership of Kroenke Sports and Entertainment (KSE) and Revesco Properties.

JLL’s Eric Tupler and Director Tyler Dumon placed the five-year, floating-rate loan with Pacific Western Bank. Loan proceeds will be used to retire existing debt and fund ongoing pre-development work for the future River Mile project.

The ownership group acquired Elitch Gardens in 2015 and, over its ownership period, has completed numerous needed improvements to the park, including three new major rise attractions. The KSE-Revesco partnership has also undertaken an extensive re-entitlement process to secure new zoning rights to facilitate the ultimate redevelopment of Elitch Gardens into more than 14 million square feet of residential and commercial mixed-use space, spread over 25 parcels.

For comments, questions or concerns, please contact Dennis Kaiser

Connect

Inside The Story

Connect With JLL’s TuplerConnect With Kroenke Sports and EntertainmentConnect With Revesco Properties

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.

  • ◦Financing
New call-to-action
New call-to-action