
$103M Financing for 13-Building Colorado Springs Office Portfolio
Crescent Real Estate LLC secured $102.5 million in financing for a 13-building suburban office portfolio totaling more than a million square feet in Colorado Springs, CO.
The portfolio comprises some of the highest quality and most strategically located office buildings in the market’s North and Southeast Airport submarkets. The 75% overall leased portfolio’s rent roll consists of a wide range of industry sectors, including aerospace, government and military/defense contractors, technology and healthcare. Major credit tenants include Northrop Grumman, Army National Guard, GSA, The Spectranetics Corporation, Booz Allen Hamilton and United Healthcare, among others.
HFF’s Trey Morsbach, Jim Curtin and Leon McBroom worked on behalf of the borrower to arrange the five-year, floating-rate acquisition loan through Bank of America Merrill Lynch.
For comments, questions or concerns, please contact Dennis Kaiser
* Pictured 10807 New Allegiance Drive, Colorado Springs
- ◦Financing
- ◦Sale/Acquisition