June 19, 2013

NorthMarq Capital arranges refinancing of $6.6 million for 2601 Blake Street Office Building in Denver, Colorado

2601 Blake Street Office Building

Debt & Equity

Multi-Tenant

DENVER (June 19, 2013) - NorthMarq’s Denver regional office arranged a permanent fixed rate loan of $6,600,000 for the 2601 Blake Street Office Building located in Denver’s Ballpark District, a high-end demographic area just northwest of the CBD. This loft-style, four-story multi-tenant historic office building, was constructed in 1923 and was extensively renovated in 2009. The building totals 44,565 sq. ft. and is 98% leased to 9 tenants. The land consists of .52 acres with current on-site parking for 35 cars. Steve Bye, Executive Vice President and Senior Managing Director; and Dan Zale, Investment Analyst, arranged the financing for the borrower, headed by Denver based Ogilvie Properties.

View Available Office Listings

Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq's solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.

Transactions