HFF Secures $73M in financing for 14-Building Industrial Portfolio

Gateway Industrial Building 14

Aurora, CO – Holliday Fenoglio Fowler, L.P. (HFF) arranged a $73 million refinancing for a 14-building industrial portfolio totaling 1.93 million square feet of Class A distribution warehouse space in the Denver-area suburb of Aurora, Colorado.

HFF worked on behalf of the borrower, PAULS, to secure two 10-year, fixed-rate, full-term interest-only loans with Nationwide Life Insurance Company.  HFF will service the loans, the proceeds of which were used to refinance an existing life company loan and a construction loan.

The portfolio properties feature clear heights ranging from 22’ to 32’ and buildings sizes ranging from 72,000 to 347,840 square feet.  Constructed between 1996 and 2015, the buildings are leased to 40 tenants, including notable major tenants Whole Foods Market, VWR International, Simmons Company and MSI International.  The portfolio properties are situated on a total of 111.72 acres in the East I-70/Montbello industrial submarket in northeast Denver.  Positioned near the confluence of Interstates 70 and 225, the properties are within 10 miles of Denver International Airport and have easy access to the entire Denver metro area.

The HFF debt placement team representing the borrower was led by associate director Kristian Lichtenfels and senior managing director Eric Tupler.

Image courtesy of HFF

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