Denver RiNo Mixed-Use Asset Lands Financing
- Jul 06, 2016
Denver—Working on behalf of Danielsen Investments LLC, HFF has secured $9.6 million in financing for The Bindery on Blake, a mixed-use project in Denver’s bustling River North (RiNo) district. HFF placed the 20-year, 4.1 percent, fixed-rate loan with a life company correspondent lender. The loan will take out an existing construction loan on the asset.
Located at 2901 Blake St. in downtown Denver, the two-building Bindery on Blake incorporates office space, artistry, cidery and dining options into one destination. The asset was renovated in 2015 and is fully leased to tenants such as Davis Partnership Architects, Metropolitan Hardwoods, Motive: Project WorldWide and the Studios at the Bindery.
The Bindery at Blake is conveniently situated roughly one mile from Denver’s Union Station and offers easy access to I-25 and I-70. The property is also just a short walk from Coors Field, the Lower Downtown neighborhood and the Blake light rail stop, providing direct access to the Denver International Airport.
An HFF debt placement team led by Senior Managing Director Eric Tupler and Associate Director Leon McBroom represented the borrower in the financing deal.
Image courtesy of The Bindery on Blake Facebook page