HFF Arranges Loan for Denver Office Building
- May 15, 2019
After securing the $71.1 million sale of Westmoor Place Buildings 8, 9 and 10, HFF has arranged financing for the acquisition and re-positioning of Westmoor Center Building 7, a 205,000-square-foot office property in Westminster, Colo. The company represented the borrower CapRidge Partners LLC, to secure the three-year, floating-rate loan through Pacific Western Bank.
Located at 10955 Westmoor Drive, on approximately 12.8 acres, the four-story building offers convenient access to both Denver and Boulder, and to more than 240 shopping and dining venues at Flatirons Mall, The Shops at Walnut Creek and Westminster Promenade.
Built in 2000, the Class A building features 50,000 square feet of floor plates. Currently the Westmoor Center Building 7 is vacant, but previously the office property was 100 percent leased to two tenants including Regus, which vacated in 2015 and Ameritrade, which vacated in 2017.
Senior Managing Director Andy Scott, Managing Director Jim Curtin and Senior Director Leon McBroom were part of the debt placement team that worked on behalf of the borrower.
If you’d like to be featured in Brokers’ Corner, send your deal to email@example.com.