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$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.


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* Pictured 10807 New Allegiance Drive, Colorado Springs

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as 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, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

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