DENVER – Essex Financial Group (Essex) is
proud to announce its involvement in the $17.5 million financing for Stanley
Marketplace, a 105,000 square foot marketplace concept located in the heart of
Denver’s affluent Stapleton neighborhood.
Essex worked on behalf of the borrower, Westfield, to secure a
fixed-rate, life insurance company loan to refinance its existing construction debt. Westfield is one of the preeminent
full-service real estate firms in Denver, offering expertise and innovation in
investment, development and management.
Originally a manufacturing facility for
Stanley Aviation, Stanley Marketplace has been meticulously redesigned and
transformed into a community-focused, mixed-use marketplace. Stanley offers a synergistic mix of over 50 tenants
that cross a wide spectrum of industries, drawing visitors to the center
throughout the day and into the evening.
Stanley was 100% leased prior to delivery in early 2017, and now offers
the Stapleton community a central place to eat, drink, shop, exercise, play and
work.
Cooper Williams, Jeff Riggs and Jared
Wiedmeyer represented the borrower in the debt placement. The Essex team originated the loan with one
of its longest-tenured insurance company relationships.