Riverside Investment & Development (Riverside) has secured a loan extension for 1900 Lawrence, a 700,000-square-foot, Class A office tower in Denver. Bank of OZK, the lender on the $242 million loan, has extended the maturity through mid-2027. As part of the agreement, Riverside and equity partner Convexity Partners have committed an additional $34 million to the venture, which will be deployed to accelerate the leasing program.
“In large office capitalizations, and particularly in Denver, loan extensions are extremely difficult, which makes this so significant,” said Riverside’s Rob Stanek.
Denver’s newest office building, 1900 Lawrence, was delivered in June 2024. The seventh-floor amenity center features an outdoor terrace, a fitness center with steam rooms, a golf simulator, and a restaurant and lounge, while the building’s 30th-floor rooftop deck offers panoramic views through two-story vision glass windows and includes a pickleball court and a bar.
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