Latest News

North Academy Shops
7214, 7344, 7390 North Academy Boulevard, Colorado Springs, CO 80920

DePaul Real Estate Advisors is pleased to announce the successful refinancing of the North Academy Shops, a three-building portfolio located in Colorado Springs, Colorado. Paul DeCrescentis and Jarod Pate at DePaul Real Estate Advisors represented the borrower, a private investment group. An insurance company provided the non-recourse, no reserves, no covenants loan for $5,000,000. The interest rate is 3.97% fixed for 10 years.

North Academy shops is comprised of 47,002 square feet on 6.02 acres of land. The property is located on North Academy Boulevard, a prime regional retail corridor with over 50,000 vehicles daily. It benefits from excellent visibility and is surrounded by first-class, nationally branded tenants such as The Home Depot, Natural Grocers, REI, Whole Foods, Sam’s Club, and many more. The property features strong and stable occupancy since it was built in 1999-2001. There are currently eleven tenants, and 93% of the center is leased. Tenants include San Antonio Shoes, Inc., Cold Stone Creamery, Noodles & Co., Visionworks, David’s Bridal, AAA Colorado, Nekter Juice Bar, Panera Bread, and VectraBank.

DePaul Real Estate Advisors is a Denver-based brokerage and investment firm serving investors in commercial real estate and businesses that occupy commercial real estate. DePaul’s businesses include asset sales, leasing, arranging senior secured debt, mezzanine debt, preferred equity, and joint venture equity for existing and to-be-built projects. For more information, please contact Paul DeCrescentis at (303)333-9799 or Jarod Pate at (720)881-2727.

December 2021

DePaul Real Estate Advisors is pleased to announce the successful refinancing of Bridge Center, a six-building portfolio located in Bluffton, South Carolina. Paul DeCrescentis and Jarod Pate at DePaul Real Estate Advisors represented the ownership, a private family office real estate owner. DePaul has worked with the lender to close several loans including this one, a non-recourse loan for $6,000,000 with a substantial “cash-out” recapture of equity. The interest rate is 3.65% fixed for 7 years.

Bridge Center is six-building portfolio comprised of 83,937 square feet on 6.97 acres of land. The property features strong historic occupancy and tenant retention. The tenant mix consists of Fitness, Retail, Restaurant, Office, and Medical. It is located at the foot of the only bridge on to Hilton Head Island, home to an internationally recognized luxury resort.

DePaul Real Estate Advisors is a Denver-based brokerage and investment firm serving investors in commercial real estate and businesses that occupy commercial real estate.  DePaul’s businesses include asset sales, leasing, arranging senior secured debt, mezzanine debt, preferred equity and joint venture equity for existing and to-be-built projects.  For more information, please contact Paul DeCrescentis at (303)333-9799 or Jarod Pate at (720)881-2727.

DePaul Real Estate Advisors is pleased to announce the sale of an urban infill development site in Denver, Colorado. The site is located at 2160-2176 South Belaire Street in the University Park neighborhood near the crossroads of I-25, East Evans Avenue, and South Colorado Boulevard.  The TOD site is approximately 780 feet from Colorado Station metro light rail.  With a land area of 12,340 square feet and in-place G-MU-3 zoning, the purchaser has the opportunity to develop additional much needed residential in the constrained Denver housing market. 

Jarod Pate at DePaul Real Estate Advisors represented the seller, a Denver-based trust, in marketing and negotiations.  DePaul thanks Craig Bustos at Ironstone who represented the purchaser, Denver South Bellaire LLC.

DePaul Real Estate Advisors is a Denver-based brokerage and investment firm serving investors in commercial real estate and businesses that occupy commercial real estate.  DePaul’s businesses include asset sales, leasing, arranging senior secured debt, mezzanine debt, preferred equity and joint venture equity for existing and to-be-built projects.  For more information, please contact Paul DeCrescentis at (303)333-9799 or Jarod Pate at (720)881-2727.

July 2021

DePaul Real Estate Advisors is pleased to announce the successful refinancing of the Gateway Plaza Business Park in Aurora, Colorado. Paul DeCrescentis and Jarod Pate at DePaul Real Estate Advisors represented the ownership, a California-based family office.

Gateway Plaza is a 125,000-square foot business park located near I-70 and Peoria Street in Denver’s Aurora submarket. Spread over five buildings amid lush landscaping, the park has fenced and gated truck courts and many access points on Quentin Street, Peoria Street, 33rd Avenue and on Smith Road. Office finish averages 25%, while the warehouses’ clear heights range from 12 to 20 feet. Loading is comprised of 22 drive-ins and 23 loading docks. The Park is occupied by over 30 businesses in a variety of industries: construction, biotechnology, distribution, fabrication and food production.

The cash-out refinancing includes a fixed interest rate of 3.02% and three years of interest-only payments followed by a 30-year amortization schedule.

DePaul Real Estate Advisors is a Denver-based brokerage and investment firm serving investors in commercial real estate and businesses that occupy commercial real estate. DePaul’s businesses include asset sales, leasing, arranging senior secured debt, mezzanine debt, preferred equity and joint venture equity for existing and to-be-built projects. For more information, please contact Jarod Pate at (720)881-2727.

DePaul Real Estate Advisors is pleased to announce the sale of prime industrial development land at Bromley Interstate Business Park.  Lovett Industrial, headed by Charlie Meyer, purchased 41.81 acres from a group of land owners led by Paul DeCrescentis at DePaul Real Estate Advisors.  Jarod Pate represented the sellers in marketing and negotiations.  The buyer was represented by Kirk Vanino and Ron Webert at Lee & Associates.

Bromley Interstate Business Park is a 420-acre business park located along three miles of Interstate 76 in Brighton, Colorado.  The Park is home to several corporate headquarters as well as the regional facilities for a variety of manufacturers and distributors. 

Dubbed Bromley Business Center, Lovett will develop a Class A, modern logistics / distribution / warehouse facility located in the Bromley Business Park in Brighton, CO. The site is accessed via Exit 22 on I-76, 25 miles north of Denver CBD and 14.5 miles from Denver International Airport. The surrounding suburban area is exploding with residential development supporting labor for facilities such as Bromley Business Center. 

DePaul Real Estate Advisors is a Denver-based brokerage and investment firm serving investors in commercial real estate and businesses that occupy commercial real estate.  DePaul’s businesses include asset sales, leasing, arranging senior secured debt, mezzanine debt, preferred equity and joint venture equity for existing and to-be-built projects.  For more information, please contact Paul DeCrescentis at (303)333-9799 or Jarod Pate at (720)881-2727.