Thursday, March 12, 2015

HFF secures $13.915 million financing for Raytheon Campus in suburban Denver, CO


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

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