Chicago, Illinois – NXT Capital announced today that it closed a $45.6 million loan to finance the acquisition of Cherry Creek Plaza I & II, a two building, Class B office park totaling over 335,000 square feet in Glendale, Colorado.
Cherry Creek Plaza is located five miles southeast of downtown Denver and half a mile east of Colorado Boulevard, the busiest street in the state of Colorado. As one of the tallest buildings in Glendale, Cherry Creek Plaza offers unobstructed mountain and city views. The buildings feature individual lobbies and amenities include two fitness centers, a deli, boardroom, classroom and a 3-story parking structure.
C.J. Kelly of CBRE in Atlanta along with Jeff Halsey in Denver placed the loan with NXT Capital.
NXT Capital’s Real Estate Finance group primarily serves experienced real estate investors. It provides non-recourse floating rate first mortgages of $15 million to $75 million on value-add transactions. NXT Capital provides structured financing solutions through its Real Estate Finance and Corporate Finance groups, originating transactions on a national basis. Lending/financing services provided by NXT Capital, LLC. Loans will be arranged or made pursuant to a California Financing Law License. See www.nxtcapital.com.