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Cushman & Wakefield Denver's Equity, Debt & Structured Finance Group Secures $25.5MM Refinance for Landmark Corporate Center

8/5/2020
DENVER, Colo., August 5, 2020 – Cushman & Wakefield has announced that the firm’s Denver Equity, Debt & Structured Finance Group has arranged the refinance loan for Landmark Corporate Center.

5500 S QuebecLandmark Corporate Center is a 100% leased, 210,557-square-foot, multi-tenant office building located at 5500 South Quebec Steet in the Denver Tech Center. The property is walkable to nearby amenities such as The Landmark, a 170,000-sf mixed-use center and the Orchard Light Rail Station. The $25,480,000 cash-out refinance was a 10-year loan with interest only for the first five years.

Executive Managing Director, Baxter Fain along with Christina Grimme of Cushman & Wakefield’s Equity, Debt & Structured Finance Group in Denver handled the debt financing.

“Getting through the finish line was an extraordinary ‘all hands’ effort in this credit market. Now that the loan is closed, this investment can deliver significantly above market returns to our investors and positions us to continue to deliver exceptional service in an exceptional location to our tenants,” commented Eric Davis, President and Chief Investment Officer of Integrity Wealth Advisors.

"Amid the pandemic, lenders continue to be selective on credit profile, asset type, and leverage. The Landmark Corporate Center’s strong rent roll and credit tenancy were key in getting the deal across the finish line,” said Baxter Fain.

About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 53,000 employees in 400 offices and 60 countries. In 2019, the firm had revenue of $8.8 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake External Link on Twitter.

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