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July 21, 2022
7795 E. Belleview Avenue, Englewood, CO 80111
DePaul Real Estate Advisors is pleased to announce the successful refinancing of Linclay Plaza, a Class A retail shopping center redevelopment located in the Denver Tech Center. Paul DeCrescentis and Jarod Pate at DePaul Real Estate Advisors represented the borrower, a private, out-of-state investor. DePaul is also handling lease negotiations with several tenants that will open their businesses in the building after construction. The loan, for $3,863,000, is a construction loan to reposition the asset to a multi-tenant retail plaza. The interest rate is fixed through the construction period and mini-perm.
Linclay Plaza is currently comprised of 9,786 square feet on 1.13 acres of land. The property is located just east of I-25 and Belleview, has excellent access and visibility, and is surrounded by Denver metro’s premier employment center. The building has been occupied by FedEx Office since 1998. Ownership is now poised to convert the asset to a premier three-tenant retail center providing a diverse income stream with first in class businesses that are resilient in any economy.
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.