HFF Arranges Financing for CO Office Asset
- Jun 19, 2018
HFF has arranged $18.8 million in financing for the acquisition of 370 Interlocken Boulevard, a 150,600-square-foot office building in Denver. The company worked on behalf of the borrower, Equus Investment Partnership XI LP, to secure the seven-year, fixed-rate loan through Guggenheim Partners.
The six-story, Class A office building sits on approximately nine acres at 370 Interlocken Blvd., in the northwest Denver suburb of Broomfield, Colo. Situated between Denver and Boulder, Colo., 370 Interlocken Boulevard offers convenient access to Denver International Airport, Flatiron Crossing Mall and Flatiron Marketplace.
Built in 1998 and last renovated in 2017, the office building features common area amenities such as:
- two-story lobby
- touchscreen directory
- fitness center
- high-end tenant lounge
- bike storage
At the time of the sale, the property was 94 percent occupied by a list of tenants including Stantec, CliftonLarsonAllen and New York Life Insurance Co. According to data provider Yardi Matrix, back in 2016, Rialto Capital Management acquired the asset for $18.7 million from SteelWave.
Director Leon McBroom and Senior Managing Director Eric Tupler were part of the HFF debt placement team that represented the borrower. This deal comes several weeks after HFF secured a $10.2 million loan for the construction of a Nutley, N.J.-based self-storage development.
Image courtesy of Yardi Matrix