DENVER–(BUSINESS WIRE)–lt;a href=”https://twitter.com/search?q=%24HF&src=ctag” target=”_blank”gt;$HFlt;/agt; lt;a href=”https://twitter.com/hashtag/ClassAAoffice?src=hash” target=”_blank”gt;#ClassAAofficelt;/agt;–Holliday Fenoglio Fowler, L.P. (HFF) announces that it has arranged $220
million in financing for 1144 15^th Street, a
673,852-square-foot, trophy Class AA office building in Denver, Colorado.

The HFF team worked on behalf of the borrower, Hines and their equity
partner, to secure a 17-year, fixed-rate permanent loan through a
national life insurance company. HFF arranged construction financing for
the project on behalf of Hines in 2015.

Completed in 2018, the 40-story core office tower comprises 673,852
square feet with 5,770 square feet of ground level retail and 13 stories
of parking for a total of 858 parking spaces. The property represents
the first high-rise office development in more than 30 years in Denver
and has transformed the Denver skyline. Tenants at the stabilized
property include Gates Industrial Corporation, Optiv Security Inc. and
Faegre Baker Daniels. Located in Denver’s Central Business District
within the Midtown West micro-market, 1144 15^th Street is
convenient to the Convention Center Station light rail stop and the Free
MallRide on the 16^th Street Mall, providing access throughout
the CBD. Additionally, the property is proximate to the Colorado
Convention Center, the Denver Center for Performing Arts, Larimer Square
and the 16^th Street Pedestrian Mall.

The HFF debt placement team representing the borrower included senior
managing director Eric Tupler.

“Our partnership set out with a long-range view in developing and owning
this asset,” Jay Despard, Senior Managing Director for Hines in
Colorado, said. “The permanent financing we recently obtained is a
testament to the building’s position in the marketplace and to the core
nature of the finished product and tenant roster. We are pleased with
the outcome on multiple levels.”

About Hines

Hines is a privately owned global real estate investment firm founded in
1957 with a presence in 207 cities in 24 countries. Hines has
approximately $116.4 billion of assets under management, including $64
billion for which Hines provides fiduciary investment management
services, and $52.4 billion for which Hines provides third-party
property-level services. The firm has 109 developments currently
underway around the world. Historically, Hines has developed,
redeveloped or acquired 1,319 properties, totaling over 431 million
square feet. The firm’s current property and asset management portfolio
includes 527 properties, representing over 224 million square feet. With
extensive experience in investments across the risk spectrum and all
property types, and a pioneering commitment to sustainability, Hines is
one of the largest and most-respected real estate organizations in the
world. Visit hines.com
for more information.

About HFF

HFF and its affiliates operate out of 26 offices and are a leading
provider of commercial real estate and capital markets services to the
global commercial real estate industry. HFF, together with its
affiliates, offers clients a fully integrated capital markets platform,
including debt placement, investment advisory, equity placement, funds
marketing, M&A and corporate advisory, loan sales and loan servicing.
HFF, HFF Real Estate Limited, HFF Securities L.P. and HFF Securities
Limited are owned by HFF, Inc. (NYSE: HF). For more information, please
visit hfflp.com
or follow HFF on Twitter @HFF.

Contacts

ERIC TUPLER
HFF Senior Managing Director
(303) 515-8000
[email protected]

KRISTEN MURPHY
HFF Director, Public Relations
(617)
338-0990
[email protected]