Sunday, November 15, 2015

HFF arranges equity and construction financing for Class A spec industrial development in Denver, CO

Rendering of planned Central 62 Distribution Center, Denver, CO

 DENVER, CO –Holliday Fenoglio Fowler, L.P. (HFF) announced it has arranged equity and construction financing for the development of Central 62 Distribution Center, a 124,600-square-foot, Class A, spec industrial warehouse and distribution facility in Denver, Colorado. 

HFF worked on behalf of the developer, Corum Real Estate Group, to arrange the joint venture equity partnership with a pension fund advisor.  In addition, HFF secured the construction loan for the partnership through a local bank. 

Josh Simon
Central 62 Distribution Center will be situated on a 7.57-acre site at the northeast corner of East 62nd Avenue and Interstate 25, the primary north-south interstate running through the western part of the Rocky Mountains.

 Five miles from Denver’s CBD, the center is near the 70th Avenue interchange and provides access to other major freeways, including Interstates 70, 71, 76 and 270.  The center is proximate to rail access and is 24 miles from Denver International Airport.

  Designed by Ware Malcomb architects, the center will consist of a one-story, multi-tenant building with 28’ clear heights and 22 dock-high doors.

 When completed in 2016, Central 62 Distribution Center will be one of the only Class A industrial buildings in the northeast submarket.

The HFF equity and debt placement team representing the borrowers was led by Josh Simon.

”Corum was able to find an unbelievable industrial development site in the heart of central Denver,” Simon said.  “Given the site attributes and the scarcity of industrial opportunities in the market, we had a tremendous amount of interest from capital creating a highly competitive environment to capitalize the deal.”

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

Kristen M. Murphy
Associate Director
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 |

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