Flywheel Capital Acquires $ 66.85 Million of Metro Denver Office Campus

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Flywheel takes advantage of current market conditions to add value with four-building Gateway Center property

Posted: October 20, 2021 at 3:36 p.m. EDT|Update: 45 minutes ago

DENVER, 20 October 2021 / PRNewswire / – Flywheel Capital announced today that it has completed the $ 66.85 million the purchase of Gateway Center, a four-building office campus totaling 299,613 square feet in Dawn and Denver, Colorado a subsidiary of Equus Capital Partners, Ltd.

Flywheel Capital acquires SF300,000 fully leased office portfolio near Denver International Airport in Colorado for $ 66.85 million.

Gateway Center is located on 19.33 acres at 3950, 3800 and 3855 Lewiston St. and 4400 Kittredge St. in Northeast Denver. Just 12 miles northeast of Denver downtown, Gateway Center is adjacent to Interstate 70 and Peña Boulevard providing exceptional accessibility throughout the region, including for Denver International airport and Buckley Space Force Base. In addition, the property is within walking distance of the Gateway Park light rail station, providing a direct link to the city center.

Newly renovated, Gateway Center offers Class A offices as well as tenant amenities including a state-of-the-art fitness center with changing rooms and showers, a tenant lounge, a patio with free internet access. Wi-Fi with fireplace and a covered garage for executives. car park. The Class A property is fully leased to a diverse pool of 24 tenants, including Lockheed Martin, Primoris, Billtrust, Leidos and Boeing.

“Gateway Center is a great fit for our business and our investors,” said Ben Hrouda, Managing Partner at Flywheel. “With our experience in assets like Gateway Center, particularly in hiring defense contractors, we knew the type of opportunity the asset offered. The main investors in this project include Lightning Tree Capital and International Capital Partners (“ICP”). On behalf of all of our investors, thank you to the teams at JLL Capital Markets and Independent Financial for understanding the complexity of this transaction and for completing it effectively. “

John Fefley, Senior Director at Flywheel continued, “Flywheel and our investors see the Gateway acquisition as a tremendous opportunity to own quality Class A real estate in a growing market within the Denver Metropolitan area. Equus Capital Partners Ltd., which managed the assets of the property on behalf of an affiliate, did a great job improving the property while they were in possession. Tenants currently located at Gateway prefer this location to others in the city due to a combination of proximity to the northeast workforce, Denver International airport or Buckley Space Force Base, and we consider these attributes to continue to strengthen as we come out of COVID. Many park tenants continue to use their offices during the height of COVID due to the nature of their work under contract with the government and their use of the Secured Compartmentalized Information Facility (SCIF) space in their suites. . “

Flywheel worked closely with JLL Capital Markets and Independent Financial to place the $ 43.69 million funding. “The closing instrumental contributors included the Senior Managing Director Eric Tupler and director Rob bova from the JLL Capital Markets team, and Loved Love, Senior Vice President, Regional President of Independent Financial, ranked by Forbes as the 6e best publicly traded bank, works like a financial services company with locations all over the place Texas and in the Colorado Front Range areas, ”said Ian nichols, Senior Manager at Flywheel.

Flywheel now has approximately 1.7 million square feet and over $ 250 million of assets under management covering all from Colorado Front range.

About Flywheel Capital
Flywheel Capital creates long-term generational wealth for our clients through wise and creative investments in commercial real estate. Our proven strategy is based on finding, incubating and managing hidden value assets that generate substantial returns over time. Situated at Denver, Flywheel Capital works with investors, lenders and community leaders to secure deals that positively contribute to the economic health of the Colorado community. To learn more, visit flywheelcap.com or visit us on LinkedIn.

About Independent Financial
Independent Financial is a relationship-focused financial services company headquartered in McKinney, Texas, which offers a wide range of banking products and services tailored to the needs of businesses, professionals and individuals. Independent Financial operates in four regions (the Dallas / Ft. Worth Metroplex, Central Texas, and Greater Houston regions in Texas, and the Colorado Front Range) with over 90 locations across Texas and Colorado. For more information, visit ifinancial.com. (Independent Financial is a trademark of Independent Bank, a subsidiary of Independent Bank Group, Inc. Member FDIC. NASDAQ: IBTX).

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SOURCE Volant Capital

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