JLL Capital Markets led the financing efforts for 7070 South Tucson Way, which is fully leased
News release
29 March 2022
$2.8M financing secured for flex/R&D building in Centennial, Colorado
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DENVER, Mar. 29, 2022 – JLL Capital Markets announced today that it has arranged $2.8 million in financing for 7070 South Tucson Way, a single-story, flex/R&D building totaling 22,300 in Centennial, Colorado.
JLL worked on behalf of the borrower, Flywheel Capital, to secure acquisition financing from a regional bank.
Renovated in 2018, 7070 South Tucson Way contains approximately 18,000 square feet of office build out and 4,300 square feet of warehouse space. The property has one drive-in door and one dock-high door to service the warehouse portion of the facility. The entire facility is leased to Renew, LLC.
The property is positioned on 1.67 acres within Colorado’s Centennial Airport Center submarket, which offers convenient access to a robust retail amenity base and nearby executive housing. In addition, 7070 South Tucson Way is just two miles from the Centennial Airport and is close to Interstate 25 providing access to Denver International Airport, Downtown Denver and Denver Technology Center.
The JLL Capital Markets team was led by Senior Managing Director Eric Tupler and Director Rob Bova.
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.
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About JLL
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $19.4 billion, operations in over 80 countries and a global workforce of more than 98,000 as of December 31, 2021. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
About Flywheel Capital
Flywheel Capital creates long-term, generational wealth for our clients through insightful and creative investments in commercial real estate. Its results-proven strategy is grounded in sourcing, incubating and managing hidden-value assets that realize substantial returns over time. Based in Denver, Flywheel Capital collaborates with investors, lenders and community leaders to craft deals that positively contribute to the economic health of the Colorado community. For more information, please visit: flywheelcap.com.