Friday, June 12, 2015

HFF arranges equity and construction financing for core office development in Denver’s central business district

1144 Fifteenth Tower rendering, Downtown Denver, CO

DENVER, CO – Holliday Fenoglio Fowler, L.P. (HFF) announced it has arranged and closed joint venture equity and construction financing for the development of 1144 Fifteenth, a Class A, 662,000-square-foot office tower to be built in downtown Denver’s central business district.

Mary Sullivan
HFF worked on behalf of the borrower, Hines, to secure the 50 percent-of-cost, four-year, interest-only loan through a national bank. 

1144 Fifteenth is located at the corner of 15th and Lawrence Streets adjacent to the Four Seasons Hotel and Private Residences in Denver’s central business district within the Midtown West submarket. 

 It is one block away from Larimer Square and the 16th Street Mall, as well the 16th Street Free Mallride allowing tenants access to Union Station, The Capital and multiple light rail stops throughout the metro.

 The 0.9 acre site was used for surface parking prior to the development breaking ground in May.  Due for completion in January 2018, the 40-story property will feature 27 stories of office space totaling 656,000 square feet, 6,000 square feet of ground floor retail and 13 stories of parking (two below grade and 11 above grade). 

The building’s shell and core is Pre-Certified LEED Gold by the US Green Building Council.  Building amenities will include a two-story lobby, mezzanine level collaboration-style great room overlooking Skyline Park, 14th and 40th floor outdoor terraces, a 5,000-square-foot fitness center and a full-service car wash in the garage.   

John Jugl
The HFF debt and equity placement team was led by senior managing directors Mary Sullivan, John Jugl and Eric Tupler along with executive managing director Scott Galloway and associate director Leon McBroom.

“1144 Fifteenth will be the premier asset in Denver when completed and it will be the core office tower delivered in the last three decades,” said Jugl.  “Given the office space starts on the 14th floor, tenants will have incredible unobstructed views of the Rocky Mountains and the city.

“Based on the development restrictions of surrounding properties, these views should remain unobstructed for the life of the project.”

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 |

NAI Realvest Negotiates Lease for 9,100 Square Feet at Orange County Industrial Yard in Zellwood, FL

Tom R. Kelley II
ORLANDO, Fla. --- NAI Realvest recently completed a new lease agreement for 9,100 rentable square feet of industrial space at 5551 W. Ponkan Rd. in Zellwood.

Tom R. Kelley II, CCIM, principal at NAI Realvest and associate Chris Adams, negotiated the transaction on behalf of tenant, Orlando-based TRC America, a demolition and deconstruction services firm. 

The landlord, Zellwood Fruit Distributors, Inc. based in Altamonte Springs was represented in the transaction by Jason G. Toll, director of the Industrial Services Group at NAI Realvest.    

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

Beth Payan or Larry Vershel, Larry Vershel Communications, 407-644-4142