$77.5 Million Non-Performing Office Loan
US - Washington, DC
$77,500,000 | 306,859 sf
Jones Lang LaSalle Americas, Inc. ("JLL"), as exclusive advisor, is pleased to present One Denver Highlands, a 129,862 square foot office building on 4.99 acres in Denver's Southeast Market. One Denver Highlands is in close proximity to Aurora's two largest employment drivers, Anschutz Medical Center and Buckley Space Force Base. It also represents one of the largest available blocks of ofﬁce space in a seven mile radius.
As it's name would suggest, One Denver Highlands sits on an elevated site at Iliff Avenue and Parker Road, and has beautiful mountain and city views from the 2nd ﬂoor up. Currently zoned B-2 under the former Chapter 59 zoning code, One Denver Highlands presents a compelling multifamily redevelopment opportunity. There are 551 parking spaces, 461 of which are in the existing parking garage, allowing for 367 multifamily units.
One Denver Highlands is surrounded by numerous retail amenities and recreational outlets, including Cherry Creek Lake State Park, Kennedy Golf Course, Utah Park and Cherry Creek Trail. One Denver Highlands is being offered free and clear of debt, however, Seller will consider providing ﬁnancing to qualiﬁed investors.