HFF Secures $44M for Denver Office Asset
- Mar 02, 2017
Denver—HFF has arranged $44.1 million in financing for Cascades, a 348,760-square-foot, Class A office property located in Centennial, Colo., in the southeast suburban office market of Denver.
HFF represented the buyer, America’s Capital Partners, in securing the 70 percent, seven-year fixed-rate loan through a life company correspondent lender. According to Yardi Matrix data, SteelWave was the seller. The sale price was undisclosed.
Cascades is located at 6000 S. Syracuse Way on 8.71 acres in the Fiddler’s Green Neighborhood of Greenwood Village. The building is situated in close proximity to Interstate 25 and is less than a 10-minute walk from Arapahoe at Village Center light rail station.
The mid-rise property comprises 23,700 to 47,400-square-foot floor plates. Amenities include a fitness center, deli, a 3,000-square-foot conference center and outdoor patios with Wi-Fi. Furthermore, Cascades also features 1,000 square feet of retail space.
“Cascades marks our entry into the Denver office market where we intend to establish an operating hub for a multi-asset office building platform as we have done in Dallas, Atlanta, Charlotte and major Florida markets,” Sergio Socolsky, CEO of America’s Capital Partners & partner in the America’s Capital Advisors Funds I & II, said in prepared remarks.
Image courtesy of Yardi Matrix