 |
| Angela Lentell |
DENVER, CO – HFF announced the closing of the sale and
acquisition financing for The Offices at Broadway Station, a
318,053-square-foot office property located in central Denver.
HFF marketed the property on behalf of Walton Street
Capital, LLC (seller) and represented EverWest Real Estate Partners
(buyer/borrower) on the financing. HFF
arranged the 10-year, fixed-rate, securitized loan through Wells Fargo Bank,
N.A.
The Offices at Broadway Station is located at the
intersection of South Broadway and I-25 in Denver.
Fully-renovated in 2006 to include modern interiors with Class A
finishes, the property is composed of three buildings, including two four-story
office buildings and a newly-constructed, four-level garage with ground-floor
office space.
The office buildings are
94.7 percent leased. The property
originally served as the factory and headquarters for the Gates Rubber
company. The area surrounding and including
The Offices at Broadway Station has been transitioning over the last three
decades from an industrial area to a vibrant transit-oriented, mixed-use infill
location.
 |
| Mary Sullivan |
The HFF investment sales team representing the seller was
led by senior managing directors John Jugl and Mary Sullivan as
well as associate director Angela Lentell.
HFF’s debt placement team representing the buyer was led by
senior managing director Eric Tupler, director Josh Simon and
real estate analyst Kristian Lichtenfels.
“We are pleased to add The Offices at Broadway Station to
our platform and look forward to continually enhancing this asset in the
thriving Denver market,” said Paul Andrews, Chief Financial Officer with
EverWest.
“The HFF team provided
insightful access to the capital markets and exemplary transaction management.”
Walton Street Capital, L.L.C. is a private equity real
estate investment firm.
Since its
founding in 1994, affiliates of Walton Street have received total equity
commitments of $5.7 billion from public and corporate pension plans, foreign
institutions, insurance companies and banks, endowments and foundations, trusts
and high-net-worth individuals.
Affiliates of Walton Street Capital have invested and/or committed to
invest approximately $4.5 billion of equity in approximately 180 separate
transactions. For more information, visit www.waltonst.com.
 |
| John Jugle |
EverWest Real Estate Partners, LLC is a Denver, Colorado
based leading private real estate investment manager and operator who invests
in core, valued add and opportunistic investments in office, industrial,
multi-family, retail and mezzanine debt investments.
EverWest serves a variety of clients that include major
institutional investment managers, pension plans, foundations, endowments, and
high net worth individuals.
EverWest
provides a full-service investment management operating platform through its
six regional offices with established acquisition, asset-takeover, asset
management, property management, financing, operations, risk management, advisory
and reporting capabilities to its clients.
EverWest has regional offices in New York, Boston, Chicago, San
Francisco, Los Angeles and Phoenix. For
more information, please go to www.EverWest.com.
For a complete copy of the company’s news release, please
contact:
Olivia Hennessey
Public Relations Coordinator
HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046
tel 713.852.3403 | fax 713.527.8725 | www.hfflp.com
No comments:
Post a Comment