HFF announces construction financing for speculative Class AA office tower in Denver’s CBD

Rendering of planned Block 162 office tower,
 central business district, Denver, CO

DENVER, CO –– Holliday Fenoglio Fowler, L.P. (HFF) announces construction financing for Block 162, a speculative Class AA office tower totaling 595,039 square feet in Denver’s central business district.

Leon McBroom

The HFF team worked on behalf of the borrower, a joint venture between Patrinely Group and USAA Real Estate, to secure the four-year construction loan through PCCP, LLC. 

Block 162 broke ground in June of 2018 and upon completion will be a core, 30-story office tower with 9,900 square feet of ground-level retail and parking in three below-grade and nine above-grade decks. 

The core and shell of the building is being constructed to meet LEED Gold certification, and it will be only the second office tower of 25-plus stories to be delivered in the last three decades in Denver’s CBD. 

A best-in-class amenity package will be highlighted by an 11^th floor sky terrace with social lounge, an activated outdoor fitness area in conjunction with a full-service indoor fitness center, bike storage and 2,800 square feet of conference and meeting space. 

Eric Tupler

Block 162 will offer tenants super-efficient rectangular floor plates, floor-to-ceiling glass for maximum natural light, 10-plus foot ceiling heights, on-site security and panoramic views of the Front Range and downtown. 

 The 1.1-acre site is positioned on a corner lot at 675 15^th Street in Denver’s Midtown West submarket.  This location is within a short walk of Larimer Square, the 16^th Street Pedestrian Mall, the Colorado Convention Center and the Denver Center for the Performing Arts. 

Additionally, the project will be served by an adjacent light rail stop at the 16^th and California Street station providing connections to the rest of the CBD, LoDo and Union Station. 

The HFF debt placement team representing the borrower included director Leon McBroom and senior managing director Eric Tupler.

CONTACTS:

LEON MCBROOM

HFF Director

(303) 515-8000

lmcbroom@hfflp.com

ERIC TUPLER

HFF Senior Managing Director

(303) 515-8000

etupler@hfflp.com

KRISTEN MURPHY

HFF Director, Public Relations

(617) 338-0990

krmurphy@hfflp.com

www.patrinelygroup.com.

www.pccpllc.com.

www.usrealco.com.