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| 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.
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| 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).
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| 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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