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| Bradburn Village Retail Center, 11940, 11961 and 11973 Bradburn Boulevard and 4147 Main Street along 120th Avenue, Westminister, CO |
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| Eric Tupler |
DENVER, CO – HFF announced it has arranged a $6.856 million
refinancing for Bradburn Village Retail Center, a 34,480-square-foot, Class A,
neighborhood retail center in the Denver suburb of Westminster, Colorado.
Working on behalf of Continuum Partners, HFF placed the five-year, 73
percent LTV, 4.15 percent fixed-rate loan with a national CMBS lender. Loan proceeds were used to refinance the
existing loan.
The
four-building Bradburn Village Retail Center is situated on 3.88 acres at
11940, 11961 and 11973 Bradburn Boulevard and 4147 Main Street along 120th
Avenue, a major artery providing direct access to Interstate 25 and U.S. 36 in
Westminster, a northern Denver suburb approximately nine miles from downtown
Denver.
The center is
located in the Bradburn Village neighborhood, which is a mixed-use master
planned community developed by the borrower including single family homes,
multi-housing, offices and retail.
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| Leon McBroom |
Completed by the borrower in 2004, the 100-percent-leased
retail center is home to Bikram Yoga of Colorado, T-Mobile, Pure Barre,
Bradburn Village Dental, Ted’s Montana Grill, Zen Asian Bistro & Sushi,
Appearances Hair Color & Design Studio and the Goddard School.
The retail center is shadow anchored by a
recently-opened Whole Foods Market, also built and owned by the borrower, but
not included in the refinancing.
The
HFF team representing the borrower was led by senior managing director Eric
Tupler and real estate analyst Leon McBroom.
“Bradburn Village has been a very successful development for
us,” said Mark Falcone, Founder and CEO of Continuum Partners. “We are pleased that the financial markets
have responded so favorable to the sustainable urban developments that
Continuum has built through the years and will build for years to come.”
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| Mark G. Falcone |
Continuum Partners was established in Denver, Colorado, in
1997 with a deliberate mission: to create sustainable human habitats of
extraordinary character and enduring value.
Individuals with a broad base of experience were recruited from around
the country to form a development company dedicated to demonstrating that smart
growth can actually lead to more profit.
In the brief period of time since its inception, Continuum
Partners has established itself as a leader nationally of
mixed-use, large-scale projects. Learn
more at www.continuumpartners.com.
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 | www.hfflp.com
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