Hines Secures $71 Million Loan For Denali Logistics Park In Aurora, CO

The asset involved in this transaction is a 759,620-square-foot industrial complex located at 6550 North Denali Street in Aurora, CO. The loan amount for the refinance is $71,000,000, associated with Hines as the landlord. The finance type is a three-year floating-rate loan.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $71,000,000
• Loan Type: Refinance
• Loan Terms: three-year floating-rate loan
• Asset Address: 6550 North Denali Street, Aurora, CO
• Asset Size: 759,620 square feet
• Landlord: Hines
• Brokers: Blair Butler & Matt Perigard - Essex Real Estate Capital Advisors

The refinancing was arranged by Essex Real Estate Capital Advisors, with the loan designed to replace construction debt and facilitate future funding for leasing efforts as Hines aims to fully stabilize the asset.