HFF Arranges $220M Financing for 1144 15th Street in Denver, Colorado
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US:NYSE Investor Relations:
phx.corporate-ir.net/phoenix.zhtml?c=205281&p=irol-irhome
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Source: Business Wire
DENVER--(BUSINESS WIRE)-- Holliday Fenoglio Fowler, L.P. (HFF) announces that it has arranged $220 million in financing for 1144 15th Street, a 673,852-square-foot, trophy Class AA office building in Denver, Colorado. The HFF team worked on behalf of the borrower, Hines and their equity partner, to secure a 17-year, fixed-rate permanent loan through a national life insurance company. HFF arranged construction financing for the project on behalf of Hines in 2015. Completed in 2018, the 40-story core office tower comprises 673,852 square feet with 5,770 square feet of ground level retail and 13 stories of parking for a total of 858 parking spaces. The property represents the first high-rise office development in more than 30 years in Denver and has transformed the Denver skyline. Tenants at the stabilized property include Gates Industrial Corporation, Optiv Security Inc. and Faegre Baker Daniels. L
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