Printer-friendly version DENVER, CO - July 30, 2014 – HFF announced today the closing of the sale and acquisition financing for The Offices at Broadway Station, a 318,053-square-foot office property located in central Denver.
HFF marketed the property on behalf of Walton Street Capital, LLC (seller) and represented EverWest Real Estate Partners (buyer/borrower) on the financing. HFF arranged the 10-year, fixed-rate, securitized loan through Wells Fargo Bank, N.A.
The Offices at Broadway Station is located at the intersection of South Broadway and I-25 in Denver. Fully-renovated in 2006 to include modern interiors with Class A finishes, the property is composed of three buildings, including two four-story office buildings and a newly-constructed, four-level garage with ground-floor office space. The office buildings are 94.7 percent leased. The property originally served as the factory and headquarters for the Gates Rubber company. The area surrounding and including The Offices at Broadway Station has been transitioning over the last three decades from an industrial area to a vibrant transit-oriented, mixed-use infill location.
The HFF investment sales team representing the seller was led by senior managing directors John Jugl and Mary Sullivan as well as associate director Angela Lentell.
HFF’s debt placement team representing the buyer was led by senior managing director Eric Tupler, director Josh Simon and real estate analyst Kristian Lichtenfels.
“We are pleased to add The Offices at Broadway Station to our platform and look forward to continually enhancing this asset in the thriving Denver market,” said Paul Andrews, Chief Financial Officer with EverWest. “The HFF team provided insightful access to the capital markets and exemplary transaction management.”
Walton Street Capital, L.L.C. is a private equity real estate investment firm. Since its founding in 1994, affiliates of Walton Street have received total equity commitments of $5.7 billion from public and corporate pension plans, foreign institutions, insurance companies and banks, endowments and foundations, trusts and high-net-worth individuals. Affiliates of Walton Street Capital have invested and/or committed to invest approximately $4.5 billion of equity in approximately 180 separate transactions. For more information, visit waltonst.com.
EverWest Real Estate Partners, LLC is a Denver, Colorado based leading private real estate investment manager and operator who invests in core, valued add and opportunistic investments in office, industrial, multi-family, retail and mezzanine debt investments. EverWest serves a variety of clients that include major institutional investment managers, pension plans, foundations, endowments, and high net worth individuals. EverWest provides a full-service investment management operating platform through its six regional offices with established acquisition, asset-takeover, asset management, property management, financing, operations, risk management, advisory and reporting capabilities to its clients. EverWest has regional offices in New York, Boston, Chicago, San Francisco, Los Angeles and Phoenix. For more information, please go to EverWest.com.
HFF (Holliday Fenoglio Fowler, L.P.) and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 23 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, equity placement, advisory services, loan sales and commercial loan servicing. For more information please visit hfflp.com or follow HFF on Twitter at twitter.com/hff.