A $65 million loan has landed on one of Cherry Creek North’s most prominent mixed-use properties, putting fresh financing behind an eight-story building that combines office space with street-level retail.
SouthState Bank provided the loan for 200 and 250 Columbine, with the debt recorded in Denver County on July 30 and scheduled to mature in July 2031, according to Mile High CRE. JLL Capital Markets represented the borrower, with Leon McBroom, Jim Curtin and Emily Goldsberry on the team.
The property is owned by Crescent Real Estate LLC, which describes 200 and 250 Columbine as a roughly 120,000-square-foot asset with office space and ground-floor high-street retail and restaurants, according to the company’s portfolio listing. The building was completed in 2015 and includes 91,208 square feet of office space, 30,782 square feet of retail space and 23 tenants.
Crescent acquired the property from Western Development Group for $82.75 million in 2021, BusinessDen reported. The new financing is not a sale, but it gives the Cherry Creek asset a sizable new capital stack five years after that purchase.
Former SOL Space Keeps Cherry Creek Retail Story Moving
The financing news arrives as the former SOL restaurant space at 200 Columbine is being marketed for lease. The space features prime corner frontage, a full-service bar, an existing kitchen layout and two private dining rooms equipped with audiovisual infrastructure, according to Mile High CRE’s report.
That setup could give a future restaurant or hospitality operator more than a blank shell to work with, particularly if events and group dining are part of the business plan. Legend Partners is handling the assignment, with Peter Pavlakis and Kelly Greene listed on the lease marketing.
Cherry Creek North Continues To Buck Denver Office Trends
Cherry Creek North’s appeal is tied to its unusually dense mix of shopping, dining and services. The district’s official site lists more than 75 boutiques, 50 restaurants and bars, and 175 small businesses across its 16-block footprint, while the Denver Business Journal reported that office vacancy in the submarket was just 1.3% in 2025.
For Denver’s commercial real estate watchers, the deal underscores the value lenders are placing on a finished, occupied property in a walkable district rather than a speculative project waiting for tenants. The building now has long-term financing in place, while its restaurant component remains part of Cherry Creek North’s ongoing retail reshuffle.
