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DENVER-L.J. Melody & Co. arranged a $10-million, permanent, fixed-rate mortgage collateralized by three industrial properties purchased by Thrivent Financial for Lutherans, in the largest industrial deal so far this year in the Denver area. The portfolio of 450,000 sf has a 7% office finish.

Allstate Life Insurance provided the funding for Thrivent Financial for Lutherans. Doug Seylar in L.J. Melody & Co.’s Minneapolis office, negotiated the transaction.

L.J. Melody, a CB Richard Ellis company, is one of the largest real estate investment banking firms in the US. Over the past two years, the firm arranged $15 billion in commercial real estate transactions nationwide.

L.J. Melody is headquartered in Houston and operates 35 offices in the country’s major metropolitan markets. Through its limited partnership affiliate, GEMSA Loan Services, L.P., it maintains a loan servicing portfolio with nearly 8,000 loans totaling $60 billion.

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