Saturday, April 20, 2019

HFF closes $40.2 million sale of Trinity Place in Denver’s central business district

Trinity Place Office Tower, 1801 Broadway,
Central Business District, Denver, CO
DENVER, CO –– HFF announces that it has closed the sale of Trinity Place, a boutique office property totaling 195,753 square feet in Denver’s central business district (CBD).

HFF represented the seller, Velocis, and procured the buyer, Novel Coworking. 

Trinity Place is located at 1801 Broadway in the thriving Uptown submarket of Denver’s CBD. 

Mark Katz
The property has aWalk Score® of 98 and a Transit Score® of 93 being situated two blocks from light rail connectivity and the Free MetroRide or Free MallRide at Civic Center Station. 

Additionally, the boutique office property is close to the sought-after neighborhoods of Five Points, Capital Hill and Cheeseman Park, which have the greatest density of Millennial households in Denver and offer an unrivaled amenity base of hip cafes, chef-driven farm-to-table restaurants and famous concert venues, including the Fillmore and Ogden theatres. 

The 17-story building offers average floorplates of 12,200 square feet and is currently 65% leased.  

The HFF investment advisory team representing the seller included senior managing director Mark Katz and senior director Peter Merrion.

Peter Merrion
“Trinity Place was a very active marketing process with tremendous interest from real estate investors,” said Merrion. 

 “The property’s boutique, value-add profile and dynamic Uptown location had a wide appeal.  We are excited to see the new owner continue to drive value and create a new experience in the Denver market.”

“Denver is an incredibly attractive market right now in the investor community,” said Mike Lewis, partner, Velocis. “Following a successful repositioning of Trinity Place, we felt the timing was right to exit.”

About Velocis

Velocis is a private equity real estate investment firm, active in the acquisition, operation/management and disposition of commercial real estate in the United States. Additional information about Velocis can be found at  

Mike Lewis
About Novel Coworking

Novel Coworking offers fully furnished, amenity-rich workspaces with direct fiber internet and WiFi in 30 locations in 22 cities throughout the United States.  For more information, please visit:


CO Lic. #100074002
HFF Senior Managing Director
(303) 515-8000

HFF Senior Director
(303) 515-8000

HFF Director, Public Relations
(617) 338-0990

Daum Commercial Helps Developer Acquire 28.8-Acre Land Parcel and Also Sell 18.5 Acres in One Day in Phoenix, AZ

Land Sites Sold in Deer Valley Submarket of Phoenix, AZ

Kirk Jenkins
  • PHOENIX, AZ – DAUM Commercial Real Estate Services has assisted in the completion of three land transactions encompassing a total volume of $20 million and 47 acres in the Deer Valley submarket of Phoenix, Arizona.
DAUM Executive Vice President and Phoenix office Co-Branch Manager Kirk Jenkins directed the acquisition of a 28.8-acre developable land parcel on behalf of Jeff Garrett and R.T. Starr of Garrett Development Corporation. Jim Keeley of Colliers International represented the seller, JVK-VL LLC, in the transaction. 

R.T. Starr
Jenkins, Keeley, and Bob Lundstedt, First Vice President at DAUM, simultaneously negotiated the sales of two portions of the same land parcel to two separate buyers. Both sales closed on the same day as the acquisition in a complex triple-escrow transaction, according to Lundstedt.

Jim Keeley
“Based on our extensive experience in the Deer Valley market and history with this specific land site, DAUM was able to secure more than 28 acres of developable land for acquisition at a highly competitive price, in the largest land transaction in Deer Valley since 2009 in both acreage and dollar volume,” explains Lundstedt.

The buyer strategically chose to immediately dispose of approximately 18.5 acres of the land in order to decrease the amount of capital investment needed upfront, as well as facilitate a smoother process as they prepare to break ground on a modern, ‘live-work-play’ mixed-use development.”

Robert Lundstedt
In the first sale, Lundstedt and Keeley represented Garrett as the seller in the disposition of 1.38 acres of the newly acquired 28.8-acre parcel to the buyer, Cobblestone Carwash, who was represented by Chris Stamets and Brian Gausden of Western Realty Advisors.
The second sale involved Lundstedt and Keeley representing both Garrett as the seller and the buyer, ELUX Deer Valley LP (Snowdon Residential-Harvard joint venture) in the sale of 17.15 acres of the 28.8-acre parcel for future multifamily development, which is planned to include 212 Casita Style units and a Club House, notes Lundstedt.

Chris Stamets
“The Garrett property will benefit from being across the street from the USAA campus with 4,700 employees, as well as the new Union Park at Norterra, which includes 1,100 single-family homes, 1,100 multifamily units, a school site, and specialty retail corridor,” says Lundstedt.
Jenkins notes that this highly complex transaction would not have been possible without cooperation of all parties, including the seller of the 28.8 acres, who allowed for a long escrow to facilitate the negotiations.

Brian Gausden
According to Lundstedt, DAUM has sold six land sites in Deer Valley within the last 12 months, totaling $33 million and currently controls 75 percent of the deliverable land parcels in the Deer Valley market. This was Lundstedt’s 144th land transaction in the I-17/Deer Valley market since 1997.

The land parcel involved in the three transactions is located on the Southeast corner of the intersection of Happy Valley Road and 19th Avenue in Phoenix, Arizona.


Micaela Fehrenbach / Elisabeth Manville
Brower Group
(949) 438-6262

HFF announces sale of site in Jersey City, NJ

626-acre site sold at 175 Sip Avenue in the Journal Square neighborhood of Jersey City, NJ

Jose Cruz
MORRISTOWN, NJ – Holliday Fenoglio Fowler, L.P. (HFF) announces that it has closed the sale of the .626-acre site at 175 Sip Avenue in the Journal Square neighborhood of Jersey City, New Jersey.

175 Sip Avenue is in the heart of Journal Square, a rapidly gentrifying Jersey City neighborhood, and within walking distance to restaurants, new retail and the Journal Square Path Station, which takes passengers into Manhattan in less than 15 minutes.

The HFF team included senior managing director Jose Cruz and director Marc Duval. 

“There is strong demand for redevelopment sites in Jersey City and this location is well suited given it immediate access to a major roadway,” Cruz said.
Marc Duval

About HFF

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. 

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).  

HFF and Holliday GP Corp. ("HFF") are licensed New Jersey real estate brokers. For more information, please visit or follow HFF on Twitter @HFF.


NJ Lic. #8743725
HFF Senior Managing Director
(973) 549-2000

HFF Digital Content/Public Relations Specialist
(713) 852-3420

Arbor Funds $4 Million Fannie Mae DUS® Loan in Houston, TX

Matt Norman

UNIONDALE, NY – Arbor Realty Trust, Inc. (NYSE:ABR), a leading multifamily and commercial mortgage lender, recently funded a Fannie Mae DUS® loan in Houston, TX.

Ashford Court Apartments, a 442-unit multifamily property, received $4.M in supplemental funding through the program. The loan features a seven-year term with four-year yield maintenance and a 30-year amortization schedule.

Matt Norman of Arbor’s Bloomington, Indiana, office originated the loan. 

Ashford Court Apartments, Houston, TX
“This loan was a prime example of how Fannie Mae’s supplemental program rewards a borrower’s efforts to improve a property’s condition and maximize net operating income by releasing trapped equity on a longer term hold,” Norman said. “In the end, the client received a 75% LTV, co-term debt product without being subjected to any prepayment penalties.”

Built in 1983, Ashford Court Apartments offer spacious one- and two-bedroom units equipped with breakfast bars, granite countertops and wood-burning fireplaces, as well as private patio and balcony options. 

Community amenities include a swimming pool, 24-hour fitness center, clubhouse with full kitchen and business center, as well as tennis and volleyball courts. 

Bina Handa
Tel: 516.506.4229

Arbor Funds $10.8 Million Fannie Mae DUS® Loan in Houston, TX

Brian Scharf

UNIONDALE, NY – Arbor Realty Trust, Inc. (NYSE:ABR) a leading multifamily and commercial mortgage lender, recently funded a Fannie Mae DUS® deal in Houston, TX. Capewood Apartments, a 176-unit multifamily property, received $10.8M in refinance funding through the program. The loan includes a seven-year fixed rate term.

 Brian Scharf of Arbor’s Uniondale, NY office originated the loan.

 “On this property, we worked with a repeat sponsor who has a significant presence in the Houston market,” Scharf said. “By offering prepayment flexibility and a fixed rate conversion option, we were able to accommodate key financing needs.
"This deal demonstrates our commitment to customer service and building enduring partnerships with our clients.”

Capewood Apartments, Houston, TX
  Built in 1976, Capewood Apartments offer garden style residences with newly renovated interiors. The property features a number of community amenities including a swimming pool, playground, laundry facility, automatic access gates and on-site maintenance. Capewood is pet friendly and in walking distance to public transportation.


Bina Handa
Tel: 516.506.4229

Arbor Funds $4.6 Million Fannie Mae DUS® Loan in Bettendorf, IA

Michael Noll
UNIONDALE, NY – Arbor Realty Trust, Inc. (NYSE:ABR), a leading multifamily and commercial mortgage lender, recently funded a Fannie Mae DUS® deal in Bettendorf, IA.

 The Townhomes at Highland Pointe, a 24-unit multifamily property, received $4.6M in refinance funding through the program. The loan includes a 30-year fixed-rate term with an 80% LTV ratio.

Michael Noll of Arbor’s New York City office originated the loan.

“This was a beautiful property in a great part of town,” said Noll. “We were able to take out the existing construction debt with a long term nonrecourse loan while removing all refinance risk at a very attractive interest rate.”

Townhomes at Highland Pointe, Bettendorf, IA

Built in 2018, The Townhomes at Highland Pointe offer spacious, three-bedroom units equipped with two oversized attached garages, covered decks, granite counter tops, and stainless steel appliances with luxury finishes.

Additionally, each townhome features its own in-unit washer and dryer. The Townhomes at Highland Pointe are conveniently located near several major highways, providing easy access to shopping areas or a routine commute to work and are just steps away from the Highland Bike Path.


Bina Handa
Tel: 516.506.4229