Tuesday, May 13, 2008

$149.54M Construction Loan Arranged by HFF for Class AA Office Development in Denver, CO



DALLAS, TX – The Dallas office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it arranged a $149.54 million construction loan for 1800 Larimer, (photo above) a 495,998-square-foot Class AA, Platinum LEED pre-certified office development in Denver, Colorado.

HFF senior managing director Trey Morsbach (top right photo)and associate director Clint Corn worked exclusively on behalf of Westfield Development Partners to secure the 42-month, adjustable-rate loan through Wachovia Bank, N.A.

Westfield Development Partners is the development arm of Denver-based Frederick Ross Company.
The planned 22-story office tower, which is scheduled for completion in 2010, is approximately 70% pre-leased to tenants including Xcel Energy, Frederick Ross Company and Citywide Bank.

The site is situated on a half city block between 18th and 19th Streets at Larimer Street, on the edge of Denver’s Lower Downtown area. The building will feature a raised floor air distribution system, fitness center, conference room and garden terrace.

“Given the property’s strategic site and state-of-the-art amenity base, 1800 Larimer is well positioned to capitalize on a dynamic market and set new standards for office product in Denver,” said Morsbach.

CONTACTS:

Laurie Fish McDowell
HFFAssociate Director, Marketing
One Post Office Square, Suite 3500
Boston, MA 02109
tel 617.338.0990
fax 617.338.2150

John W. Morsbach III
HFF Senior Managing Director
(214) 265-0880
tmorsbach@hfflp.com

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