Wednesday, November 4, 2015

HFF closes sale of 518-unit, Class A multi-housing community in Littleton, CO

The Retreat at Park Meadows Apartments 10200 Park Meadows Drive, Littleton, CO

Jordan Robbins
DENVER, CO – Nov. 4, 2015 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the sale of The Retreat at Park Meadows, a 518-unit, Class A multi-housing community in Littleton, Colorado.

HFF marketed the asset on behalf of PNC Realty Investors, Inc., acting as investment advisor to the AFL-CIO Building Investment Trust.  Invesco Real Estate purchased the property for an undisclosed amount free and clear of existing debt.

The Retreat at Park Meadows has 32 garden-style buildings set on 33.37 acres at 10200 Park Meadows Drive.  The transit-oriented asset is across the street from the Lincoln Station light rail stop, providing access to the southeast business corridor and downtown Denver, and is immediately southwest of the Interstate 25 and Colorado 470 interchange.

 Additionally, the property is located near Park Meadows Mall, Sky Ridge Medical Center and less than one quarter of a mile north of the recently opened Charles Schwab office campus. 

The property has one-, two- and three-bedroom units averaging 1,029 square feet each and amenities such as a resort-style swimming pool, tennis and sand volleyball courts, fitness center with indoor basketball court, putting green and detached garages.

Jeffrey Haag
The HFF investment sales team representing the seller was led by managing director Jordan Robbins and associate director Jeff Haag.

“With its low-density design and large unit sizes, Retreat at Park Meadows is a very unique asset within the Denver market and was highly sought after by investors. 

The property had not been upgraded since it was built 15 years ago and is prime for a new owner to complete a value-add strategy for additional growth in this extremely high demographic area,” commented Robbins.

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

Olivia Hennessey
Public Relations Coordinator
HFF | 9 Greenway Plaza Suite 700 | Houston, Texas 77046
tel 713.852.3403 | fax 713.527.8725 |

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