KPR Centers Secures $33.9 Million Loan For Acquisition Of University Hills Shopping Center In Denver

The asset involved in the transaction is the University Hills shopping center located at 2730 South Colorado Boulevard, Denver, CO. The property is classified as retail and is fully leased to tenants including King Soopers and Michaels. The loan amount secured for the acquisition of this property is $33,900,000.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $33,900,000
• Loan Type: Acquisition
• Landlord: KPR Centers
• Brokers: Sunny Sajnani & Travis Headapohl - Institutional Property Advisors (IPA)

Institutional Property Advisors played a crucial role in arranging the loan with KPR Centers. The loan includes features such as fixed-rate and full-term interest-only payments, designed to facilitate the acquisition of the retail asset.