HFF Closes Sale of 151 KSF Office Asset in Denver Area
- Dec 08, 2016
Denver—HFF recently announced that it has closed the sale and it has arranged a $17.4 million financing for 370 Interlocken, a 150,656-square-foot, Class A office asset in the northwest Denver suburb of Broomfield, Colo. The HFF investment sales team led the transaction for SteelWave.
The financing is structured with an initial funding as well as future fundings to cover a portion of future capital expenditures and leasing costs. The company also worked on behalf of the buyer, Rialto Capital Management, to secure the 42-month, floating-rate acquisition loan.
370 Interlocken Blvd. is situated within the Interlocken Business Park, along Route 36. The property is also close to Denver International Airport, Flatiron Crossing Mall and Flatiron Marketplace. The six-story building features a two-story lobby with a fireplace, touchscreen directory, Wi-Fi access, showers and lockers on the first floor, along with flexible floorplates that allow for panoramic mountain views. Nearby amenities include numerous restaurants, hotels, parks, a golf course and retail centers.
The 92.2-percent-leased office property is anchored by MWH, a global engineering firm that specializes in infrastructure associated with water and natural resources. The tenant roster includes 10 other businesses.
Image courtesy of SteelWave