Sunday, April 5, 2015

HFF secures $19.5 million financing for Class A suburban Denver, CO office building acquisition


The Point at Inverness, 8310 South Valley Highway, Englewood, CO

Josh Simon
DENVER, CO  – HFF announced today that it has secured $19.5 million in acquisition financing for The Point at Inverness, a 186,945-square-foot, Class A office building in suburban Denver, Colorado.

               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

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