HFF Closes $68M Sale 300-Unit Multifamily in Lakewood
Denver, CO – Holliday Fenoglio Fowler, L.P. (HFF) announced that it has closed the $68.25 million sale of Skye Crest, a 300-unit, garden-style multi-housing community in Lakewood, Colorado.
HFF marketed the property exclusively on behalf of Fairfield Bentley LLC. Jackson Square Properties purchased the asset free and clear of existing debt.
Skye Crest consists of 12, three-story buildings with one-, two- and three-bedroom residential units on a 16-acre site located at 7846 West Mansfield Parkway in the western Denver suburb of Lakewood. The property is strategically located immediately south of the intersection of Highway 285 and South Wadsworth Boulevard providing easy access to major employers, abundant retail and multiple recreation amenities such as the Daniel L. Schaefer Athletic Complex and Bear Creek Trail. In addition to offering sweeping views of the Front Range and Rocky Mountains, the property also features a swimming pool with sundeck, sports and tennis court, 24-hour fitness center, on-site dog park and clubhouse with TV lounge, kitchen and media center.
The HFF investment sales team representing Fairfield Bentley LLC was led by managing director Jordan Robbins and associate director Jeff Haag.
Photo courtesy of HFF