Walton Street Capital provided nearly $100 million for Sagard Real Estate’s refinancing of 25 North, a 936,000-square-foot warehouse campus in Thornton, Colorado.

Commercial Edge reports that the new financing agreement will be used to replace a previous debt of $101.3 million, initially issued in 2022 by CIBC Bank USA. JLL Capital Markets’ Emily Goldsberry, Eric Tupler, and John Rose represented Sagard Real Estate.

The nine-building industrial campus came online between 2020 and 2024, within the Interstate 25 Corridor submarket of Denver. Occupying 66.4 acres near Interstate 25 and E-470 toll road, the complex is 17 miles from the city’s downtown area and 21 miles from Denver International Airport.

Properties range from 66,500 square feet to 135,000 square feet. The tenant roster at 25 North includes both regional and national companies, such as Solid Power Inc., Epicurean Butter, Sashco Inc., Ferguson and CordenPharma Colorado.