Saturday, December 10, 2016

HFF closes sale of and arranges $17.397 million in acquisition financing for northwest suburban Denver Class A office asset

370 Interlocken, Broomfield, CO

Malcolm Davies
DENVER, CO –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of and arranged $17.397 million in financing for 370 Interlocken, a 150,656-square-foot, Class A office asset in the northwest Denver suburb of Broomfield, Colorado. 

HFF marketed the property on behalf of the seller, SteelWave.  Additionally, HFF worked on behalf of the buyer, Rialto Capital Management, to secure the 42-month, floating-rate acquisition loan with a local Denver bank. 

The financing is structured with an initial funding as well as future fundings to cover a portion of future capital expenditures and leasing costs.  

370 Interlocken Boulevard is situated within Interlocken Business Park along U.S. 36, the only highway between Boulder and Denver.  

Positioned equidistant between downtown Denver and Boulder, the property is also proximate to Denver International Airport, Flatiron Crossing Mall and Flatiron Marketplace.

 Completed in 1998 and renovated in 2013, the six-story building features a two-story lobby with a fireplace, touchscreen directory, WiFi access, showers and lockers on the first floor, along with flexible floorplates that allow for panoramic mountain views.  The 92.2-percent-leased office property is home to eleven tenants with the largest tenant being MWH, a global engineering firm that specializes in infrastructure associated with water and natural resources.

The HFF investment sales team led the transaction for SteelWave, while managing director Malcolm Davies and associate director Leon McBroom spearheaded the financing efforts for Rialto Capital Management.

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

 Kristen Murphy
Director, Marketing
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
tel 617.848.1572 | fax 617.338.2150 |

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