{"id":1004807536,"date":"2026-08-05T00:14:04","date_gmt":"2026-08-05T08:14:04","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004807536"},"modified":"2026-08-05T00:14:06","modified_gmt":"2026-08-05T08:14:06","slug":"crescent-lands-43m-refi-for-denver-mixed-use-asset","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/crescent-lands-43m-refi-for-denver-mixed-use-asset\/","title":{"rendered":"Crescent Lands $43M Refi for Denver Mixed-Use Asset"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;6a730d3d7dc16&quot;}\" data-wp-interactive=\"core\/image\" class=\"alignright size-full is-resized wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" width=\"888\" height=\"666\" data-attachment-id=\"1004807538\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/200and250columbinest_creditjll-2\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/08\/200and250ColumbineSt_CreditJLL-edited.jpg\" data-orig-size=\"888,666\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1563102739&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"200and250ColumbineSt_CreditJLL\" data-image-description=\"&lt;p&gt;Image downloaded via JLL Capital Markets email press release.&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;The eight-story building came online in 2015 in Denver\u2019s Cherry Creek North submarket. Image courtesy of JLL Capital Markets&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/08\/200and250ColumbineSt_CreditJLL-edited.jpg?w=888\" data-wp-class--hide=\"state.isContentHidden\" data-wp-class--show=\"state.isContentVisible\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on-async--click=\"actions.showLightbox\" data-wp-on-async--load=\"callbacks.setButtonStyles\" data-wp-on-async-window--resize=\"callbacks.setButtonStyles\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/08\/200and250ColumbineSt_CreditJLL-edited.jpg\" alt=\"Exterior shot of 200&amp;250 Columbine St., a 121,990-square-foot, Class AA mixed-use property in Denver.\" class=\"wp-image-1004807538\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/08\/200and250ColumbineSt_CreditJLL-edited.jpg 888w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/08\/200and250ColumbineSt_CreditJLL-edited.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/08\/200and250ColumbineSt_CreditJLL-edited.jpg?resize=768,576 768w\" sizes=\"auto, (max-width: 888px) 100vw, 888px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge\"\n\t\t\tdata-wp-init=\"callbacks.initTriggerButton\"\n\t\t\tdata-wp-on-async--click=\"actions.showLightbox\"\n\t\t\tdata-wp-style--right=\"state.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"state.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><figcaption class=\"wp-element-caption\">The eight-story building came online in 2015 in Denver\u2019s Cherry Creek North submarket.<em> Image courtesy of JLL Capital Markets<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>Crescent Real Estate has refinanced 200 &amp; 250 Columbine St., a 121,990-square-foot, Class A mixed-use property in Denver. JLL Capital Markets worked on behalf of the borrower to secure the loan for the fully leased property.<\/p>\n\n\n\n<p>SouthState Bank originated the five-year $43.4 million note, according to Yardi Matrix information. The owner purchased the asset in 2021 as part of an $82.8 million portfolio transaction with Western Development Group.<\/p>\n\n\n\n<p>Located at 200 Columbine St., the eight-story building came online in 2015 in Denver\u2019s Cherry Creek North submarket. It is just off East 2nd Avenue and has access to multiple transportation and dining options. Downtown Denver is less than 4 miles northwest.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO<\/strong>: <a href=\"https:\/\/www.commercialsearch.com\/news\/why-office-landlords-tenants-align-interests\/\">Why Office Landlords, Tenants Align Interests<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p>The property&#8217;s<a href=\"https:\/\/www.commercialsearch.com\/news\/whats-driving-mixed-use-design\/\"> mixed-use design<\/a>\u00a0encompasses 91,208 square feet of office space, 30,782 square feet of retail and a 134-space underground parking structure. The tenant roster comprises 23 office users and restaurants, including Compass, Obermeyer Wealth Partners, Cambiar Investors and Blue Island Oyster Bar.<\/p>\n\n\n\n<p>The JLL Capital Markets team representing the borrower included Senior Managing Directors Leon McBroom and Jim Curtin and Vice President Emily Goldsberry.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-denver-among-top-markets-for-office-sales\">Denver among top markets for office sales<\/h2>\n\n\n\n<p>Yardi Matrix tracks more than 50 office properties in Denver\u2019s Cherry Creek totaling 5 million square feet, with two assets planned, three under construction and three projects in the prospective phase. Next to 200 &amp; 250 Columbine St., a 73,400-square-foot property at 200 Clayton St., landed a nine-year $33.5 million construction loan from CIBC Bank USA earlier this year. The asset includes 5,600 square feet of retail.<\/p>\n\n\n\n<p>Another nearby property also recently secured refinancing. Last month, Asana Partners <a href=\"https:\/\/www.commercialsearch.com\/news\/exclusive-revamped-mixed-use-denver-center-scores-125m\/\">obtained $125 million for Larimer Square<\/a>, a 513,000-square-foot, adaptive-reuse and mixed-use property in downtown Denver. Its tenant roster includes restaurants, office users and retailers.<\/p>\n\n\n\n<p>As of May, Denver <a href=\"https:\/\/www.commercialsearch.com\/news\/top-5-western-markets-for-office-transactions\/\">ranked second<\/a> among U.S. western markets for office transaction volume, with 30 properties trading for a combined $369.9 million and totaling 4.1 million square feet. The metro&#8217;s dollar volume saw a 13 percent uptick compared to the same period last year, while the total square footage traded rose 9 percent.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>SouthState Bank originated the five-year loan.<\/p>\n","protected":false},"author":3909,"featured_media":1004807538,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1587,21825,21752,21742,21747,15],"tags":[38853,32796,44006,51931],"class_list":["post-1004807536","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-denver","category-finance","category-mixed-use","category-latest","category-office","category-west","tag-crescent-real-estate-holdings","tag-jll","tag-jll-capital-markets","tag-southstate-bank"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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