HFF Announces $110M Financing for Mixed-Use Project in Downtown Denver

DENVER–(BUSINESS WIRE)–$hf #ABlock–Holliday Fenoglio Fowler, L.P. (HFF) announces the $110 million
financing for A Block, a 310,055-square-foot mixed-use development
comprising the 200-key Kimpton Hotel Born; a 54,976-square-foot, Class A
office building with ground-level retail space; and a 197-space parking
garage in downtown Denver.

The HFF team worked on behalf of the borrower, Continuum Partners, LLC,
a Denver-based firm specializing in urban, mixed-use developments, to
place the floating-rate loan with a national bank. Loan proceeds will be
used to retire the existing construction financing, which was also
placed by HFF in 2015.

Completed in 2017, A Block has two separate components: the 12-story
Hotel Born and the five-story office and retail component. The hotel
features 13,937 square feet of flexible meeting space, a fitness center,
business center, ground-floor retail space and two food and beverage
options, Citizen Rail Restaurant in the hotel lobby and Tavernetta. The
100-percent-occupied office building also contains 7,929 square feet of
ground-floor retail leased to national tenants. Additionally, there is a
below-grade parking garage with 197 total spaces for the hotel, office
and public use. Situated on .893 acres at 1600 Wewatta Street (hotel)
and 1881 16th Street (office), A Block is positioned at the heart of the
Denver Union Station urban redevelopment project. The property sits on
the rail platform, immediately adjacent to the RTD Commuter Rail transit
platform that connects Denver International Airport to downtown. This
location at the corner of 16th Street and Wewatta provides hotel guests
and tenants of the office and retail components immediate access to
Denver’s most popular demand generators and amenities.

The HFF debt placement team representing the borrower consisted of
senior managing director Eric Tupler, director Leon McBroom and
associate Tyler Dumon.

About Continuum Partners, LLC

Continuum Partners, LLC is a progressive development firm specializing
in building urban mixed-use developments that create successful
pedestrian environments and integrate effectively with the surrounding
urban fabric. Founded in Denver, Colorado, in 1997 with a deliberate
mission to create sustainable human habitats of extraordinary character
and enduring value, Continuum Partners has established itself as a
national leader in urban, mixed-use, large-scale projects. Learn more at www.continuumpartners.com.

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

HFF
ERIC TUPLER, (303) 515-8000
HFF Senior
Managing Director
etupler@hfflp.com
or
KIMBERLY
STEELE,
(713) 852-3420
HFF Digital Content/Public Relations
Specialist
ksteele@hfflp.com

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