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| Rangeview IV, Centerra Community, Loveland, CO (Photo by McWhinney) |
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| Eric Tupler |
DENVER, CO –– Holliday
Fenoglio Fowler, L.P. (HFF) announced it has secured a $16.35 million
refinancing for Rangeview IV, an
82,381-square-foot, single-tenant office building in Loveland, Colorado.
Working on behalf of the
borrower, RVAA, LLC, an affiliate of McWhinney, HFF placed the 15-year,
fixed-rate loan with Vectra Bank (Zion’s Bancorp).
Earlier in the year, HFF worked on behalf of
an affiliate of McWhinney to arrange $25.991 million in construction financing
through Vectra Bank for the development of the adjacent property, Rangeview V.
Completed in 2010,
Rangeview IV is a Class A office building located in Centerra, an
award-winning, 3,000-acre master-planned community situated 55 miles north of
Denver 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.
This location serves as the national
headquarters for Agrium’s U.S. retail operations and operates as Crop Production
Services (CPS). Rangeview IV has easy
access to Interstate 25 and 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.
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| Brock Yaffe |
The HFF debt placement
team representing the borrower was led by senior managing director Eric Tupler and associate director Brock Yaffe.
“The financing provided by
Vectra was well-structured as a competitive market interest rate, fixed
via a SWAP for the full term of the
loan, which is commensurate with the term of the lease, and will enable us to
optimize long-term recurring cash flow at a very attractive cost of capital,”
said Joshua Kane, Vice President of
Finance for McWhinney.
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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