HFF Arranges $32M Loan for RiNo Creative Office
- Dec 07, 2016
Denver—HFF recently closed a $32 million loan for Industry, a 151,500-square-foot creative office development in Denver’s RiNo area. The HFF debt placement team representing the borrower was led by Managing Director Josh Simon, Associate Director Kristian Lichtenfels and Senior Managing Director Riaz Cassum.
Working on behalf of borrowers Industry Founders and Clarion Partners as advisor to a commingled fund managed by the firm, HFF placed the seven-year, fixed-rate loan with a life insurance company.
Industry is located at 3001 Brighton Blvd. at the intersection with 29th St., and just over a half mile from the newly-opened light rail station at 38th and Blake. The office building includes amenities such as shared conference and breakout rooms, communal kitchens, a central amphitheater, a café and three restaurants.
Industry is 97.7 percent leased to a mix of office, retail and restaurant tenants, including Uber, CorePower Yoga and Booyah Marketing. According to Yardi Matrix, the property includes 15,000 square feet of retail space.
Image courtesy of Yardi Matrix