DENVER — JLL Capital Markets has secured $135.7 million in refinancing for 1125 17th Street, a Class A office building in downtown Denver. The borrower was a joint-venture partnership between Hines, Pearlmark and an undisclosed limited partnership.
Eric Tupler and Chris McColpin of JLL Capital Markets secured the five-year, floating-rate bridge financing through Deutsche Bank for the borrower.
Located at 1125 17th St., the 25-story property features 494,689 square feet of office space with 20,000 square-foot average floor plates, parking for more than 400 vehicles and a Starbucks-occupied retail portion on the ground level.
Additional tenant amenities include a basketball court, bocce court, full-service fitness club, juice and smoothie bar, electric vehicle charging stations and lounge with conference space. The property was renovated in 2021 and is currently 60 percent leased to a diverse rent roll spanning many industries, including information technology, healthcare, financial services and energy.