The Sugar building is a 189,145 SF mixed-use development in downtown Denver. It was originally built for the Great Western Sugar Company back in 1906 and is listed on the National Register of Historic Places. Owners of the 112-year-old structure recently received a $58 million refinance, arranged by CBRE, and GRS Group provided assessment services in support of the refinance transaction.
Sugar Block offers a total of nearly 120K SF of office space, 18K SF of street-level retail space and 37 apartment units. The development also has a 32-space subterranean parking garage. The residential units have a 24/7 concierge service and private elevator access.
“Sugar Block is a seamless blend of turn-of-the-20th-century architecture, modern design and state-of-the-art construction culminating in LoDo’s finest mixed-use project,” CBRE Vice Chairman Brady O’Donnell said. O’Donnell, Jeff Halsey and Jill Haug with CBRE Capital Market’s Debt and Structured Finance group represented the property owner and worked with Urban Villages Inc., the developer and property manager, on the transaction.
GRS Group provided an ALTA Survey for this refinance and GRS Group director, Jeff Coyne, spearheaded the effort on behalf of the firm’s client, CBRE.
About GRS Group:
GRS Group is a leading provider of commercial real estate (“CRE”) services worldwide. With offices across the United States, Europe, and affiliates around the globe, GRS Group provides local market knowledge with a global perspective for institutional real estate investors, occupiers and lenders worldwide. The GRS Group team has evaluated and advised on over $1 trillion in CRE transactions.