{"id":1004402126,"date":"2020-03-23T04:30:07","date_gmt":"2020-03-23T12:30:07","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004402126"},"modified":"2020-03-23T04:30:07","modified_gmt":"2020-03-23T12:30:07","slug":"denver-office-project-lands-construction-loan","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/denver-office-project-lands-construction-loan\/","title":{"rendered":"Denver Office Project Lands Construction Loan"},"content":{"rendered":"
\"\"<\/a>

S\u2019Park Railyards. Image courtesy of JLL<\/em><\/p><\/div>\n

A construction loan is keeping the spark going at a master-planned neighborhood development in Boulder, Colo. S\u2019Park Railyards has received $29.4 million in construction financing from Wintrust Financial Corp. JLL Capital Markets has arranged<\/a> the five-year, floating-rate construction loan for the joint venture of The John Buck Co., Kinship Capital and Element Properties, which are building S\u2019Park Railyards and the master-planned S\u2019Park neighborhood, where the upcoming project is located.<\/p>\n

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READ ALSO<\/strong>: Denver-Area Office Portfolio Gets $70M Refi<\/a><\/p>\n

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JLL Capital Markets\u2019 Keith Largay, Brian Walsh and Leon McBroom led the team representing the borrower. McBroom told Commercial Property Executive <\/em>that Railyards began construction in the fall. The 69,263-square-foot property located at 3401 Bluff St. is expected to be complete by March 2021. The four-story S\u2019Park Railyards will offer 64,000 square feet of Class A offices that have layouts designed with 25-foot spans between columns, while the remaining 5,263 square feet is designated for ground-floor retail. McBroom also told CPE<\/em> that Railyards is currently 92.4 percent leased to one tenant, who he declined to identify.<\/p>\n

Railyards is also close to public transportation, being two blocks away from Boulder\u2019s new Rapid Bus Transit Station and next to a future Northwest Rail Line Station. JLL added that Boulder was one of the highest-barrier-to-entry markets in the U.S.<\/p>\n

\u201dBoulder has a limited availability of developable land combined with high costs and regulatory barriers,\u201d <\/em>McBroom told CPE. \u201cThis has resulted in very few development opportunities and recent deliveries.\u201d<\/em><\/p>\n

Six buildings of S\u2019Park<\/h2>\n

Railyards is only the fourth building that\u2019s part of the master-planned S\u2019Park community. The neighborhood spans six buildings and includes 288 multifamily units, 106,029 square feet of office space, 31,363 square feet of ground-floor retail and 350 parking spaces. The remaining two buildings are expected to break ground by the end of 2020.<\/p>\n

S\u2019Park will also include Market, a mixed-use development with 30,000 square feet of offices on three floors and restaurant and retail space. The neighborhood also includes luxury rentals and townhomes, boutique-style apartments and affordable housing properties.<\/p>\n","protected":false},"excerpt":{"rendered":"

JLL arranged the financing for S\u2019Park Railyards, a four-story building rising in one of the highest-barrier-to-entry markets in the U.S. <\/p>\n","protected":false},"author":883,"featured_media":1004402153,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,1587,21783,21742,21747,15],"tags":[49031,32796,44006,40074],"class_list":["post-1004402126","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-denver","category-investment","category-latest","category-office","category-west","tag-element-properties","tag-jll","tag-jll-capital-markets","tag-the-john-buck-company"],"acf":[],"yoast_head":"\nDenver Office Project Lands Construction Loan - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/denver-office-project-lands-construction-loan\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Denver Office Project Lands Construction Loan\" \/>\n<meta property=\"og:description\" content=\"JLL arranged the financing for S\u2019Park Railyards, a four-story building rising in one of the highest-barrier-to-entry markets in the U.S.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/denver-office-project-lands-construction-loan\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2020-03-23T12:30:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/03\/Railyard-rendering.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Jackson Chen\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/denver-office-project-lands-construction-loan\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/denver-office-project-lands-construction-loan\\\/\"},\"author\":{\"name\":\"Jackson Chen\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/8d4607aca26f3427c49fe54ddc82ddf1\"},\"headline\":\"Denver Office Project Lands Construction Loan\",\"datePublished\":\"2020-03-23T12:30:07+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/denver-office-project-lands-construction-loan\\\/\"},\"wordCount\":353,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/denver-office-project-lands-construction-loan\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2020\\\/03\\\/Railyard-rendering.jpg\",\"keywords\":[\"Element Properties\",\"JLL\",\"JLL Capital Markets\",\"The John Buck Company\"],\"articleSection\":[\"Deals\",\"Denver\",\"Investment\",\"News\",\"Office\",\"West\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/denver-office-project-lands-construction-loan\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/denver-office-project-lands-construction-loan\\\/\",\"name\":\"Denver Office Project Lands Construction Loan - 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