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| 1144 Fifteenth Tower rendering, Downtown Denver, CO |
DENVER, CO –
Holliday Fenoglio Fowler, L.P. (HFF) announced it has arranged and closed joint
venture equity and construction financing for the development of 1144 Fifteenth, a Class A,
662,000-square-foot office tower to be built in downtown Denver’s central
business district.
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| Mary Sullivan |
HFF worked
on behalf of the borrower, Hines, to secure the 50 percent-of-cost, four-year,
interest-only loan through a national bank.
1144
Fifteenth is located at the corner of 15th and Lawrence Streets adjacent to the
Four Seasons Hotel and Private Residences in Denver’s central business district
within the Midtown West submarket.
It is
one block away from Larimer Square and the 16th Street Mall, as well the 16th
Street Free Mallride allowing tenants access to Union Station, The Capital and
multiple light rail stops throughout the metro.
The 0.9 acre site was used for surface parking
prior to the development breaking ground in May. Due for completion in January 2018, the
40-story property will feature 27 stories of office space totaling 656,000
square feet, 6,000 square feet of ground floor retail and 13 stories of parking
(two below grade and 11 above grade).
The
building’s shell and core is Pre-Certified LEED Gold by the US Green Building
Council. Building amenities will include
a two-story lobby, mezzanine level collaboration-style great room overlooking
Skyline Park, 14th and 40th floor outdoor terraces, a 5,000-square-foot fitness
center and a full-service car wash in the garage.
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| John Jugl |
The HFF debt
and equity placement team was led by senior managing directors Mary Sullivan, John Jugl and Eric Tupler
along with executive managing director Scott
Galloway and associate director Leon
McBroom.
“1144
Fifteenth will be the premier asset in Denver when completed and it will be the
core office tower delivered in the last three decades,” said Jugl. “Given the office space starts on the 14th
floor, tenants will have incredible unobstructed views of the Rocky Mountains
and the city.
“Based on the
development restrictions of surrounding properties, these views should remain
unobstructed for the life of the project.”
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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