 |
| Leon McBroom |
DENVER, CO –– Holliday
Fenoglio Fowler, L.P. (HFF) announced it has arranged $15.464 million in bridge
and construction financing for 2323 Delgany, an 83,133-square-foot,
100-percent-leased industrial warehouse located in Denver’s River North (RiNo)
District.
HFF worked exclusively on
behalf of the borrower, a joint venture between EverWest Real Estate Partners
(EverWest) and WHI Real Estate Partners L.P., to secure the fixed- to
floating-rate loan through First National Denver, a division of the First
National Bank of Santa Fe.
The initial fixed-rate
loan funding will be allocated toward the acquisition of the property and the
future floating-rate funding will be used to facilitate the conversion to
creative office space.
Situated on 3.46 acres,
2323 Delgany is strategically located along the northwestern border of Denver’s
central business district at the corner of Delgany and Park Avenue in the
rapidly redeveloping RiNo mixed-use neighborhood.
 |
| Eric Tupler |
Additionally, Denver’s newly-renovated Union
Station, Coors Field, The Colorado Convention Center and Interstate 25 are
within a mile of the property.
Originally constructed in 1975 as a Twin-T industrial warehouse, the
borrower plans to convert the asset to a creative office property as tenant
leases expire in 2017.
The HFF debt placement
team was led by associate director Leon
McBroom and senior managing director Eric
Tupler
“We are pleased to
complete this financing as it will significantly enhance our ability to successfully
reposition this asset,” said EverWest’s Paul
Andrews.
“First National is proud to have been of
service to two very valued clients and appreciates the opportunity,” added Jonathan Smith, executive vice
president of First National.
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
No comments:
Post a Comment