133
ARVADA, COLO. — Green Bay, Wisonsin-based Associated Bank has provided a $9.6 million construction loan to Mortenson Development/Seavest Healthcare Properties for the development of Candelas Medical Office Building in Arvada.
The 42,425-square-foot property will be located at the intersection of West 91st Place and Candelas Parkway.
This is Associated Bank’s first transaction for a Mortenson and Seavest joint venture. Mortenson is a privately held, Minnesota-based organization providing fully integrated development services to clients nationwide, and Seavest is an institutional healthcare real estate investment manager.