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| Eric Tupler |
DENVER, CO, June 10, 2016
– Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has arranged
$25.991 million in construction financing for the development of Rangeview V, a 120,000-square-foot,
single-tenant office building in Loveland, Colorado.
HFF worked on behalf of
the borrower, RVABTS, LLC, an affiliate of McWhinney, to secure the
floating-rate loan through Vectra Bank (Zion’s Bancorp). The loan has a term of
two years with one 12-month extension option.
Due for completion in June
2017, Rangeview V is a Class A office building located at Centerra, an
award-winning, 3,000-acre master-planned community in Loveland.
The building is fully leased to Agrium, Inc.,
a major distributor of crop inputs and services in North America, South America
and Australia, and a leading global producer and marketer of agricultural
nutrients.
Agrium currently houses
800 employees in Rangeview buildings I-IV, and with the addition of Rangeview
V, will consolidate a large portion of its U.S. and North American operations
to this location with an expanded capacity of up to 1,200 employees.
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| Brock Yaffe |
Designed by the
architectural firm RNL, Rangeview V will feature outdoor patios and balconies
with lakefront and mountain views, 11’ ceiling heights, a landscaped plaza and
parking for 600 vehicles.
The four-story property
will be situated along the shores of Houts Reservoir and Equalizer Lake with
convenient access to Interstate 25. This location, approximately 55 miles north
of Denver, is within close proximity to the Fort Collins/Loveland Airport and
Colorado State University, one of the leading agricultural schools in the
country and a large recruitment base for Agrium.
“The HFF team again
provided added value to the debt placement process and Team Vectra provided a
strong debt structure, meeting our expectations within our timeframe - we look
forward to expanding our relationship with both HFF and Vectra going forward,”
said Joshua Kane, VP of Finance for
McWhinney.
The HFF debt placement
team representing the borrower was led by senior managing director Eric Tupler and associate director Brock Yaffe.
For a complete copy of the company’s news release,
please contact:
Kristen M. Murphy
Director, Marketing
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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