 |
| The Point at Inverness, 8310 South Valley Highway, Englewood, CO |
 |
| Josh Simon |
HFF
worked on behalf of the borrower, a partnership between Hannay Realty Advisors,
Artis REIT and Nicola Crosby, to
secure the 10-year, 50-percent acquisition loan through Principal Real Estate
Investors.
The loan closed with a
3.29-percent fixed rate for seven years, which then adjusts for the final three
years at the option of the lender and the borrower.
The
Point at Inverness is located at 8310 South Valley Highway within the heart of
Inverness Business Park at the intersection of Interstate 25 and County Line
Road in Englewood six miles southeast of Denver.
The property is
adjacent to the County Line Light Rail Station, across the freeway from the
Park Meadows Mall and is within minutes of executive housing and other
amenities. This best-in-class building
is 97-percent occupied by high-credit tenants, providing a strong and stable
income stream.
 |
| Kristian Lichtenfels |
The HFF debt placement team was led by managing director Josh Simon and real estate analyst Kristian Lichtenfels.
With
this acquisition, Hannay now has acted as an advisor on five purchases in the
Denver area with a combined value in excess of $250 million in the past 24
months.
“The Point at Inverness is a high-profile, Class A asset
with an irreplaceable location in a strong office node,” Hannay President Craig Hannay said. “We are very pleased to add this asset to our
growing portfolio in the Denver market.
"We are actively looking for future acquisition and co-investment
opportunities in the Denver area and throughout the western US, with a focus on
quality retail centers and core to core plus office properties.”
. 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
No comments:
Post a Comment