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| Belle Creek Apartments, 10754 Belle Creek Boulevard, Henderson, CO |
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| Jordan Robbins |
DENVER, CO –– Holliday
Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of and secured
acquisition financing for Belle Creek
Apartments, a 156-unit residential community with 6,256 square feet of
ground-floor retail in Henderson, Colorado.
HFF marketed the property
on behalf of a real estate investment trust.
Hamilton Zanze purchased the asset for $23 million free and clear of
existing debt.
Additionally, HFF assisted
the new owner in securing an $18.2 million, 10-year, fixed-rate loan through
Freddie Mac’s (Federal Home Loan Mortgage Corporation) CME Program. The securitized loan will be serviced by HFF
through its Freddie Mac Program Plus® Seller/Servicer program.
Belle Creek Apartments is
situated within the 171-acre Belle Creek master planned community at 10754
Belle Creek Boulevard in the northeastern Denver suburb of Henderson.
The transit-oriented
property provides access to the RTD Highway 85-East 104th Avenue bus stop and
major thoroughfares, including East 104th Avenue, Highway 85, E-470 and
Interstate 76.
Completed in 2002, the eight building,
garden-style community has a mix of one-, two- and three-bedroom units
averaging 753 square feet each and six ground-floor retail spaces totaling
6,256 square feet.
The HFF investment sales
team representing the seller was led by managing director Jordan Robbins and associate director Jeff Haag.
HFF’s debt placement team
representing the buyer was led by associate director Tyler Ford and senior managing director Matt Kafka.
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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