Denver Mixed-Use Receives $10M Refi
- May 09, 2019
After securing the sale of Fairway Center I in Brea, Calif., HFF has arranged a $10.2 million refinancing for 2nd and Clayton, a mixed-use property situated in Denver. The company represented the borrower, Unico Properties LLC, a subsidiary of Unico Investment Group LLC, to secure the six-year, fixed-rate loan.
Totaling 18,460 square feet, the office and retail property consists of three buildings located at 2641, 2645, 2659 E. 2nd Ave., and 211 and 227 Clayton St., in Denver’s Cherry Creek neighborhood, on approximately 57 acres. Built in 1954, 2nd and Clayton includes The Cherry Cricket Restaurant and provides convenient access to Cherry Creek North’s shopping district. Additionally, Denver’s CBD is approximately four miles away.
The mixed-use property is comprised of one- and two-story buildings at 2nd Ave., and a one-story building at Clayton Street. Senior Managing Director Tom Wilson and Senior Director Leon McBroom were part of the debt placement team that represented the borrower, which used the loan to pay off an existing loan.