Monday, February 4, 2013

HFF arranges $74 million loan for the refinancing of a Class A downtown Denver office property



1400 Wewatta and 1401 Wynkoop
Office Buildings, Denver, CO
DENVER, CO – HFF announced today that it has arranged a $74 million loan for the refinancing of 1400 Wewatta and 1401 Wynkoop, two Class A contiguous office buildings totaling approximately 300,000 square feet in downtown Denver, Colorado.

                HFF worked on behalf of the borrower, Wewatta and Wynkoop PT LLC, a GE Asset Management and Crestone Partners managed entity, to secure a permanent loan through a national life insurance company correspondent lender.

Eric Tupler
1400 Wewatta and 1401 Wynkoop are situated on nearly two acres in Lower Downtown Denver (LoDo) located on Cherry Creek at Speer and Wewatta, the gateway to LoDo. 

1400 Wewatta is a nine-story, +202,000-square-foot property with ground floor retail.  1401 Wynkoop is a 10-story, +98,000-square-foot office building with ground floor retail and residential condominiums on the top four floors (the condos are not part of the collateral).

Josh Simo
The properties are connected via a sky bridge and share a 468-space parking garage.  Overall, 1400 Wewatta and 1401 Wynkoop are leased to tenants including Chipotle Mexican Grill, Inc. (World Headquarters), Kilpatrick, Townsend & Stockton, LLC, Dorsey & Whitney LLP, Milliman and George K. Baum & Company.

The HFF team representing the borrower was led by Eric Tupler, Josh Simon and Jake Young, all located in the HFF’s Denver office.

 “The ability to have HFF act as our exclusive advisor was invaluable. The process was well organized and allowed us to fully evaluate market options and ultimately achieve the best pricing and terms in the market,” said Bob Flynn, principal of Crestone Partners.


 For a complete copy of the company’s news release, please contact:

Kristen M. Murphy
Associate Director
HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046
tel 713.852.3500 | cel 617.543.4873 | fax 713.527.8725 | www.hfflp.com

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