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| Rendering of planned Central 62 Distribution Center, Denver, CO |
DENVER, CO –Holliday Fenoglio Fowler, L.P.
(HFF) announced it has arranged equity and construction financing for the
development of Central 62 Distribution
Center, a 124,600-square-foot, Class A, spec industrial warehouse and
distribution facility in Denver, Colorado.
HFF worked on behalf of
the developer, Corum Real Estate Group, to arrange the joint venture equity
partnership with a pension fund advisor.
In addition, HFF secured the construction loan for the partnership
through a local bank.
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| Josh Simon |
Central 62 Distribution
Center will be situated on a 7.57-acre site at the northeast corner of East
62nd Avenue and Interstate 25, the primary north-south interstate running
through the western part of the Rocky Mountains.
Five miles from Denver’s CBD, the center is
near the 70th Avenue interchange and provides access to other major freeways,
including Interstates 70, 71, 76 and 270.
The center is proximate to rail access and is 24 miles from Denver
International Airport.
Designed by Ware
Malcomb architects, the center will consist of a one-story, multi-tenant
building with 28’ clear heights and 22 dock-high doors.
When completed in 2016, Central 62
Distribution Center will be one of the only Class A industrial buildings in the
northeast submarket.
The HFF equity and debt
placement team representing the borrowers was led by Josh Simon.
”Corum was able to find an
unbelievable industrial development site in the heart of central Denver,” Simon
said. “Given the site attributes and the
scarcity of industrial opportunities in the market, we had a tremendous amount
of interest from capital creating a highly competitive environment to
capitalize the deal.”
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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