HFF Arranges $93.5M Financing for Class A Office Tower in Denver’s CBD

HFF_112517thStreet_Denver CO

Denver, CO – Holliday Fenoglio Fowler, L.P. (HFF) recently announced that it has arranged $93.5 million in acquisition financing for 1125 17th Street, a 492,799-square-foot, Class A office tower in Denver’s central business district.

HFF_112517thStreet_Denver COHFF worked on behalf of the Merchant Banking Division of Goldman, Sachs & Co. and Pearlmark, to secure the four-year, floating-rate loan through Bank of America.  Loan proceeds were used to fund the acquisition of the property.

1125 17th Street occupies an entire city block on the corner of 17th and Lawrence Streets at the convergence of Denver’s central business district and Lower Downtown (LoDo).  This location provides tenants with immediate access to Denver’s major demand drivers, including the 16th Street Mall, Union Station and multiple public transportation routes.

The 25-story tower is 85.2 percent leased to JP Morgan Chase & Co. and Halliburton, among others.  Recently renovated, the trophy asset offers tenants on-site amenities such as a fitness club, juice and smoothie bar, basketball and bocce courts and underground parking.  Additionally, the LEED® Silver-certified property features unobstructed 360-degree mountain views and 20,000-square-foot floorplates.

The HFF debt placement team representing the borrower was led by senior managing director Eric Tupler and managing director Josh Simon.

Photo courtesy of HFF

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