Done Deals: HFF announces $18.175 million financing for Chase Tower and Wells Tower in Englewood, CO

Tuesday, December 11, 2018

HFF announces $18.175 million financing for Chase Tower and Wells Tower in Englewood, CO

Chase Tower, 3333 West Hampden Avenue, Englewood, CO

DENVER, CO –– Holliday Fenoglio Fowler, L.P. (HFF) announces financing totaling $18.175 million for Chase Tower and Wells Tower, two 10-story office buildings in Englewood, Colorado.

Leon McBroom

The HFF team worked on behalf of the borrower, Situs Enterprises, in arranging the two long-term, competitively priced fixed-rate loans through Bellco Credit Union.

Chase Tower and Wells Tower are located at 333 West Hampden Avenue and 3333 South Bannock Street, respectively, south of downtown Denver.

The properties are close to the Englewood light rail station providing access to the greater Denver metro area and Interstate 25.

Additionally, the buildings are less than one mile west of Cherry Hills Village, the Denver metro area’s most affluent community where home prices average $1.9 million. The buildings feature more than 220,000 square feet of office and retail space.

Wells Tower, 3333 South Bannock Street
Englewood, CO

The HFF debt placement team representing the borrower included director Leon McBroom. Situs Enterprises was represented by a team of seasoned real estate professionals led by Hugo Weinberger and Noam Ashter. Greg Lundstrom represented Bellco Credit Union.

Hugo Weinberger

Situs Enterprises is a real estate investment and asset management firm based in Denver. Privately held and established in 1991 by Clifford Weinberger, Situs Enterprises specializes in the acquisition, management and development of residential and commercial real estate across Denver and surrounding markets.

The company’s current portfolio consists of retail, office and multi‐family properties throughout Denver. Situs Enterprises’ goal is to achieve consistent, superior, risk adjusted returns for partners and investors while also striving to create significant value for tenants and the entire community.

HFF and its affiliates operate out of 26 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry.

Noam Ashter

HFF, together with its affiliates, offers clients a fully integrated capital markets platform, including debt placement, investment advisory, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing.

HFF, HFF Real Estate Limited, HFF Securities L.P. and HFF Securities Limited are owned by HFF, Inc. (NYSE: HF). For more information, please visit hfflp.com or follow HFF on Twitter @HFF.

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