 |
| Denver Pavilions, 500 16th Street, Downtown Denver, CO |
 |
| Mary Sullivan |
DENVER, CO – Holliday
Fenoglio Fowler, L.P. (HFF) announced it has arranged joint venture equity and
financing for a recapitalization of Denver Pavilions, a 351,347-square-foot,
open-air, regional shopping mall located in downtown Denver, Colorado.
HFF worked on behalf of
the owner, Gart Properties, to arrange a joint venture equity partnership with
MetLife Real Estate Investors.
Additionally, HFF placed a 10-year, fixed-rate loan for the partnership
with Cornerstone Real Estate Advisers.
Featuring a mix of
restaurants, entertainment venues and national, regional and local retailers,
Denver Pavilions is the largest retail shopping center in downtown Denver.
Renovated in 2010, the
95-percent-leased mall is home to a flagship H&M store – Colorado’s first
H&M location – in addition to a newly-renovated United Artists theater,
Lucky Strike Lanes, Banana Republic, Forever 21, BareMinerals, Hard Rock Café,
Coyote Ugly Saloon, Barnes and Noble and more.
 |
| John Jugl |
Complete with a 797-stall,
two-level, subterranean parking garage, the three-story mall sits on 3.88 acres
and covers two half-city blocks with a building bridge on levels two and three
that spans Glenarm Place, the downtown street that bisects the mall.
Located at 500 16th Street between Welton Street and Tremont Place in downtown
Denver, Denver Pavilions is within walking distance to the Colorado State
Capitol building, Civic Center Park, the Colorado Convention Center, the Denver
Center for the Performing Arts and numerous hotels.
The HFF equity placement
team was led by senior managing directors Mary
Sullivan and John Jugl.
The HFF debt placement
team was led by senior managing director Eric
Tupler.
“I can’t say enough about
Mary, John and Eric,” said Mark Sidell,
president of Gart Properties LLC. “We
have enormous respect and confidence in them and the entire HFF team. This deal, among other recent transactions in
Denver, underscores the emergence of Denver as a top-tier city for global
retailers and investors alike.”
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