John Buck JV Snags Construction Financing for Colorado Office

by Connect Commercial Real Estate

A joint venture between The John Buck Company, Kinship Capital and Element Properties secured $29.4 million in construction financing for S’PARK Railyards, a 69,263-square-foot Class A office building in Boulder, CO. JLL Capital Markets’ Keith Largay, Brian Walsh and Leon McBroom worked on behalf of the JV to arrange the five-year, floating-rate construction loan through Wintrust Financial Corporation.

Railyards is located at 3401 Bluff St. in the S’PARK master-planned community, which upon completion will comprise 288 multifamily units, 106,029 square feet of office space, 31,363 square feet of ground floor retail and roughly 350 parking spaces across six separate buildings.

Anticipated for completion in March 2021, the four-story Railyards building will feature 64,000 square feet of Class A office space and 5,263 square feet of ground floor retail space. Railyards is the fourth out of a total of six planned buildings to be built by the JV. The last two projects will break ground by the end of year.

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