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| The Bindery on Blake, 2875 Blake, River North (RiNo) District, Downtown Denver, CO |
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| Eric Tupler |
DENVER, CO, June 30, 2016
– Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has secured $9.6
million in financing for The Bindery on
Blake, a two-building mixed-use project that comingles office, artistry,
brewery, cidery and dining in the River North (RiNo) District of downtown
Denver.
HFF worked on behalf of
the borrower, Danielsen Investments, LLC, to arrange the 20-year, 4.10 percent,
fixed-rate loan through a life company correspondent lender. The permanent loan is taking out an existing
construction loan on the property.
The Bindery on Blake was
renovated in 2015 and repurposed into a creative working space housing office
and tenants. The 46,361-square-foot 2901 Blake, originally built in 1927, is
fully occupied by Davis Partnership Architects, Motive: Project WorldWide,
Metropolitan Hardwoods, Rifugio Modern and the Studios at the Bindery, which
features 13 clean-artist studios.
Originally built in 1997, 2875 Blake features
21,063 square feet and is fully leased to C Squared Ciders, Bierstadt Lagerhaus
and Rackhouse Pub (a tasting room and 165-seat restaurant).
The Bindery at Blake’s
location on the southeast side of the RiNo District places it just over one
mile from Denver’s Union Station, which is a hub to 122 miles of light rail
line, and within two miles of Denver’s most traveled highways, Interstates 25
and 70.
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| Leon McBroom |
Additionally, the property
is a short walk from Coors Field, Denver’s LoDo neighborhood and the new 38th
and Blake light rail stop, which provides direct access to Denver International
Airport.
The HFF debt placement
team representing the borrower was led by senior managing director Eric Tupler and associate director Leon McBroom.
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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