Flywheel Finds Newly Renovated and Leased Gateway Centre a Good Fit

Gateway Centre, a four-building office campus totaling 299,614 square feet in Denver, recently sold for $66.85 million to Flywheel Capital. Recently renovated, the class-A office space is fully leased to 24 diverse tenants with Equus completing more than 62,00 square feet of leasing since the start of the pandemic.

JLL marketed the property on behalf of the seller, an affiliate of Equus Capital Partners Ltd., and procured the buyer. Additionally, JLL worked on behalf of the buyer to secure the five-year fixed-rate $43.69 million acquisition loan with Independent Financial.

Gateway Centre is positioned on 19.33 acres at 3950, 3800 and 3855 Lewiston St. in Aurora and 4400 Kittredge St. in Northeast Denver. Just 12 miles northeast of downtown Denver, Gateway Centre is adjacent to Interstate 70 and Peña Boulevard, with access to Denver International Airport and Buckley Air Force Base. Additionally, the property is within walking distance of the Gateway Park light rail station accessing downtown.

The JLL seller team representing the seller was led by Mark Katz and Peter Merrion. Financing efforts were led by JLL capital market’s Eric Tupler and Rob Bova.

“Gateway Centre saw tremendous interest from investors due to the quality of the assets and the growth story in Northeast Denver,” Merrion said. “Many companies choose this area to be accessible to the growing labor dynamics in Denver and our team was thrilled to work on this exciting property.”