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RM Crowe Refinances Pavilion Towers

AURORA, CO-The Dallas-based real estate owner and operator plans to use proceeds from the $17.9-million loan to improve occupancy at the 291,234-sf, twin-tower development.

By Brian K. Miller | Updated on October 09, 2006

(To read more on the debt and equity markets, click here.)

AURORA, CO-RM Crowe has refinanced its 291,234-sf Pavilion Towers office development here in a bid to raise occupancy at the twin-tower office property, which currently stands at around 70%. The Dallas-based company says it will focus on leasing the vacant space in the buildings to smaller tenants.

The property is located near Parker Road and Interstate 225. The lender, GE, describes the financing as an “on-book, floating rate loan” and says that as part of the financing RM Crowe provided an additional $4.1 million in equity.

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