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Adler Acquires Denver Industrial Portfolio for $61.5M
JLL Capital Markets arranged $107.8 million in financing for Adler Real Estate Partners’ acquisition of three separate industrial assets spanning Denver, Charlotte and Houston.
The financing package includes $61.5 million for the SE Denver Light Industrial Portfolio, which was secured through an unnamed bank.
The Denver portfolio consists of Arapahoe Business Park I & II, a seven-building complex totaling 308,541 square feet, and 345 Inverness, a three-building complex totaling 175,287 square feet. Located in Denver’s Southeast submarket, these assets feature high-quality, flexible industrial space with exceptional visibility along Arapahoe Road and adjacent to Centennial Airport.
Melissa Rose, Jack Britton, Josh Barker, Jovi Rodriguez, and James Lovell led the JLL Capital Markets team representing the borrowers. “We’re seeing banks becoming increasingly aggressive with their terms for light industrial assets across the country, particularly those in high-barrier-to-entry submarkets with proximity to major population centers,” said Rose.
- ◦Sale/Acquisition
