Cushman & Wakefield’s equity, debt & structured finance group in Denver secures $23,257,270 in construction financing for Broadway Logistics Center

Cushman & Wakefield announced that the firm’s Equity, Debt & Structured Finance Group in Denver has arranged construction financing for Broadway Logistics Center, a new 201,329 square foot, best-in-class industrial property in northwest Denver, Colorado. The property is located in Denver’s Central Industrial submarket.

The construction loan totals $23,257,270 and was done with a regional banking institution.

Executive Managing Director Baxter Fain, Debt Broker Rob Cronenberg, Senior Analyst Sarah Dinning and Analyst Mickey Moran of Cushman & Wakefield in Denver handled the debt financing.

“This was a wonderful opportunity to work with a best-in-class client with the experience and knowledge required to execute their business plan. A challenging lending environment was mitigated by the strength of the sponsorship combined with the premier in-fill location, Class A building design, and strong industrial tenant demand. We are excited to watch the Lovett Industrial team execute on this opportunity and continue to expand their footprint in Colorado,” said Rob Cronenberg, of Cushman & Wakefield's Equity, Debt & Structured Finance Group.