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| The Retreat at Park Meadows Apartments 10200 Park Meadows Drive, Littleton, CO |
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| Jordan Robbins |
DENVER, CO – Nov. 4, 2015
– Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the
sale of The Retreat at Park Meadows,
a 518-unit, Class A multi-housing community in Littleton, Colorado.
HFF marketed the asset on
behalf of PNC Realty Investors, Inc., acting as investment advisor to the
AFL-CIO Building Investment Trust.
Invesco Real Estate purchased the property for an undisclosed amount
free and clear of existing debt.
The Retreat at Park
Meadows has 32 garden-style buildings set on 33.37 acres at 10200 Park Meadows
Drive. The transit-oriented asset is
across the street from the Lincoln Station light rail stop, providing access to
the southeast business corridor and downtown Denver, and is immediately
southwest of the Interstate 25 and Colorado 470 interchange.
Additionally, the property is located near
Park Meadows Mall, Sky Ridge Medical Center and less than one quarter of a mile
north of the recently opened Charles Schwab office campus.
The property has one-,
two- and three-bedroom units averaging 1,029 square feet each and amenities
such as a resort-style swimming pool, tennis and sand volleyball courts,
fitness center with indoor basketball court, putting green and detached
garages.
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| Jeffrey Haag |
The HFF investment sales
team representing the seller was led by managing director Jordan Robbins and associate director Jeff Haag.
“With its low-density
design and large unit sizes, Retreat at Park Meadows is a very unique asset
within the Denver market and was highly sought after by investors.
The property had not been upgraded since it
was built 15 years ago and is prime for a new owner to complete a value-add
strategy for additional growth in this extremely high demographic area,”
commented Robbins.
For a
complete copy of the company’s news release, please contact:
Olivia Hennessey
Public Relations
Coordinator
HFF | 9 Greenway Plaza
Suite 700 | Houston, Texas 77046
tel 713.852.3403 | fax
713.527.8725 | www.hfflp.com
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