Iconic Fiddlers Green Portfolio Secures $196M Financing
Schnitzer West, one of the West Coast’s leading real estate investment, development and property management companies with an office in Denver, has secured $196 million in financing for its Fiddler’s Green Portfolio consisting of Palazzo Verdi, Fiddler’s Green I and Fiddler’s Green II. The Class A office portfolio totals 748,445 square feet and is located within Fiddler’s Green Center, the premier office park of Greenwood Village.
Palazzo Verdi is located at 6363 South Fiddler’s Green Circle, and Fiddler’s Green I and II are located at 6399 and 6501 South Fiddler’s Green Circle, respectively.
Executive Managing Director Baxter Fain, Debt Broker Rob Cronenberg, and Senior Analyst Sarah Dinning of Cushman & Wakefield in Denver handled the debt financing.
“We started the financing process at the beginning of 2022 and were fortunate to work with a premier lending partner in combination with a repeat first-class client in Schnitzer West,” said Baxter Fain, of the firm’s Denver Equity, Debt & Structured Finance Group. “As a result, we were able to successfully complete a complex transaction. Fiddler’s Green Portfolio is truly iconic real estate in this area, and we are excited to watch Schnitzer West advance these buildings to the next level.”