HFF Announces $102.5M Financing for 13-Building Office Portfolio in Colorado Springs
January 23, 2019
DALLAS–(BUSINESS WIRE)–lt;a href=”https://twitter.com/search?q=%24HF&src=ctag” target=”_blank”gt;$HFlt;/agt; lt;a href=”https://twitter.com/hashtag/ColoradoSprings?src=hash” target=”_blank”gt;#ColoradoSpringslt;/agt;–Holliday Fenoglio Fowler, L.P. (HFF) announces $102.5 million in
financing for a 13-building suburban office portfolio totaling 1,020,551
square feet in Colorado Springs, Colorado.
The HFF team worked on behalf of the borrower, Crescent Real Estate LLC,
to secure the five-year, floating-rate acquisition loan through Bank of
America Merrill Lynch.
The portfolio comprises some of Colorado Springs’ highest quality and
most strategically located office buildings in the market’s North and
Southeast Airport submarkets. At 75 percent leased overall, the
portfolio’s rent roll consists of a wide range of industry sectors,
including aerospace, government and military/defense contractors,
technology and healthcare. Major credit tenants include Northrop
Grumman, Army National Guard, GSA, The Spectranetics Corporation, Booz
Allen Hamilton and United Healthcare, among others.
The HFF debt placement team representing the borrower included senior
managing director Trey Morsbach, managing director Jim Curtin and
director Leon McBroom.
About Crescent Real Estate LLC
Crescent Real Estate LLC (Crescent) is a real estate operating company
and investment advisor, founded by Chairman John C. Goff, with assets
under management and investment capacity of more than $4 billion.
Through GP Invitation Fund I, the company acquires, develops and
operates all real estate asset classes alongside institutional investors
and high net worth clients. Crescent’s premier real estate portfolio
consists of Class A and creative office, multifamily and hospitality
assets located throughout the U.S. including The Ritz-Carlton, Dallas
and the wellness lifestyle leader, Canyon Ranch®. For more information,
visit crescent.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
Trey Morsbach
HFF Senior Managing Director
(214)
265-0880
tmorsbach@hfflp.com
Jim Curtin
HFF Managing Director
(214) 265-0880
jcurtin@hfflp.com
Leon McBroom
HFF Director
(303) 515-8008
lmcbroom@hfflp.com
Kristen Murphy
HFF Director, Public Relations
(617)
338-0990
krmurphy@hfflp.com