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| 370 Interlocken, Broomfield, CO |
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| Malcolm Davies |
DENVER, CO –– Holliday
Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of and arranged
$17.397 million in financing for 370
Interlocken, a 150,656-square-foot, Class A office asset in the northwest
Denver suburb of Broomfield, Colorado.
HFF marketed the property
on behalf of the seller, SteelWave.
Additionally, HFF worked on behalf of the buyer, Rialto Capital
Management, to secure the 42-month, floating-rate acquisition loan with a local
Denver bank.
The financing is structured
with an initial funding as well as future fundings to cover a portion of future
capital expenditures and leasing costs.
370 Interlocken Boulevard
is situated within Interlocken Business Park along U.S. 36, the only highway
between Boulder and Denver.
Positioned
equidistant between downtown Denver and Boulder, the property is also proximate
to Denver International Airport, Flatiron Crossing Mall and Flatiron
Marketplace.
Completed in 1998 and renovated in 2013, the
six-story building features a two-story lobby with a fireplace, touchscreen
directory, WiFi access, showers and lockers on the first floor, along with
flexible floorplates that allow for panoramic mountain views. The 92.2-percent-leased office property is home
to eleven tenants with the largest tenant being MWH, a global engineering firm
that specializes in infrastructure associated with water and natural resources.
The HFF investment sales
team led the transaction for SteelWave, while managing director Malcolm Davies and associate director Leon McBroom spearheaded the financing
efforts for Rialto Capital Management.
For a complete copy of the company’s news release,
please contact:
Kristen Murphy
Director, Marketing
HFF | One Post Office
Square, Suite 3500 | Boston, MA 02109
tel 617.848.1572 | fax
617.338.2150 | www.hfflp.com
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