Alpine Capital Bank Provides $14M Refinance Loan For Metro North Professional Plaza In Northglenn

The asset involved in this transaction is Metro North Professional Plaza, a medical office building located at 11990 Grant Street, Northglenn, CO, with a total square footage of 91,273. The property was refinanced for a total amount of $14,000,000 and is currently 90% leased to 20 tenants. The property last traded in 2017 for $13.4 million.

Summary of transation details:

• Property Type: Medical Office
• Transaction Amount: $14,000,000
• Loan Type: Refinance
• Lender: Alpine Capital Bank
• Landlord: Signature Partners
• Market: Northglenn, CO
• Brokers: Zack Holderman, Jeff Halsey, Brady O’Donnell & Jesse Greshin - CBRE
• Lease Status: 90% leased to 20 tenants
• Loan Maturity: 2030

CBRE arranged the refinancing, effectively handling the transaction on behalf of Signature Partners as the landlord. The loan provided by Alpine Capital Bank is intended to support the continued operation of this well-leased medical office asset.