 |
| Raytheon Campus, 16430 and 16470 East Hughes Drive, Aurora, CO |
 |
| Josh Simon |
DENVER, CO – HFF
announced today that it has secured $13.915 million in acquisition financing
for a 175,924-square-foot, two-building office portfolio that is 100 percent
leased to Raytheon Corporation in
suburban Denver, Colorado.
HFF
worked on behalf of the borrower, Tritower Financial Group, to secure the
7.68-year, 3.80 percent, fixed-rate, non-recourse acquisition loan through a
national bank.
The property, known as the Raytheon Campus, consists of two
buildings located on 15.91 acres at 16430
and 16470 East Hughes Drive in Aurora, Colorado, a suburb 10 miles east of
downtown Denver.
Located adjacent to
Buckley Air Force Base, the asset is in the Centretech Business Park, a 1.3
million square foot park 10 miles south of Denver International Airport.
The campus, which was built-to-suit for Raytheon in 2001,
has one three-story office building and one single-story office building with a
common plaza area, fitness center and full-service cafeteria.
The
HFF debt placement team representing Tritower Financial Group was led by
managing director Josh Simon and
real estate analyst Matt Gangaware.
 |
| Buckley Air Force Base, Aurora, CO |
“We
were able to secure a loan for Tritower that was very accretive to their
business plan with this asset,” Simon said.
“The non-recourse loan provides the borrower a very low fixed rate with
lot of structural flexibility.”
Tritower Financial Group, LLC is a private real estate investment and
management firm whose principals have more than 80 years of collective
experience in commercial real estate investing throughout the United States.
Over the past 25
years, the principals have structured more than 75 separate real estate
syndications, both public and private, with a value in excess of $3
billion. Over this time, they have
successfully established a broad investor base that includes thousands of high
net worth and institutional investors.
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