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| Cascades Office Property, Centennial, CO |
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| Sergio Socolsky |
DENVER, CO –– Holliday
Fenoglio Fowler, L.P. (HFF) announced it has arranged $44.1 million in
financing for Cascades, a
348,760-square-foot, Class A office asset in Centennial, Colorado, located just
southeast of Denver in the southeast suburban office market
HFF worked on behalf of
the buyer, America’s Capital Partners, to secure the 70 percent loan-to-value,
seven-year, fixed-rate acquisition loan through a life company correspondent
lender.
Cascades is situated on an
8.71-acre site at 6300 South Syracuse Way in the Fiddler’s Green neighborhood
of Greenwood Village. This southeast
Denver location places the property in close proximity to Interstate 25 and
less than a 10-minute walk to the Arapahoe at Village Center light rail stop,
which provides connectivity throughout Metro Denver.
Cascades was most recently renovated in 2016
and is 97 percent leased to 24 tenants.
Building amenities include a fitness center, deli, 3,000-square-foot
conference center, western-facing balconies, outdoor patios with WiFi, covered
parking and mountain views.
“Cascades marks our entry
into the Denver office market where we intend to establish an operating hub for
a multi-asset office building platform as we have done in Dallas, Atlanta,
Charlotte and major Florida markets,” said Sergio
Socolsky, CEO of America’s Capital Partners and partner in the America’s
Capital Advisors Funds I & II.
The financing efforts for
America’s Capital Partners were led by HFF associate director Leon McBroom.
For a complete copy of the company’s news release,
please contact:
Kristen M. Murphy
Director, Public Relations
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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