1660 Linc’s $54M Refi Comes Off Fresh Capital Plan
Refinancing to the tune of $54 million was recently arranged for 1660 Linc, a 31-story 298,888-square-foot class-A office building located at 1660 Lincoln St. in Denver’s Uptown area. 1660 Linc is a LEED Gold-certified building that was originally built in 1972. The property was renovated in 2016, 2019 and 2020, with $19 million projects including the installation of a central plant, HVAC systems and a lobby expansion.
JLL Capital Markets worked on behalf of an entity owned by certain funds managed by Westport Capital Partners to secure the four-year bridge loan with a one-year extension option through Benefit Street Partners. The JLL team representing the borrower was led by Leon McBroom.
“1660 Linc is coming off a fresh capital plan with a brand new lobby and new tenant amenities,” McBroom explained. “With the capital plan done, Westport is strategically positioned to capture new tenants as the leasing market fires back up coming out of COVID.”
Lisa Brown has decades of experience in corporate communications and marketing management with organizations including Coldwell Banker Residential, Grubb & Ellis, Marcus & Millichap, NAIOP, SIOR and ALM.
In those positions, she worked in conjunction with chief executive officers and chief marketing officers to create corporate messaging, cohesive branding standards, strategic marketing plans and thought pieces. Brown is a frequent speaker at industry events and an editing adjunct professor for an online course. She has a master’s degree in mass communications from San Jose State University.