{"id":1004095278,"date":"2014-04-23T10:47:05","date_gmt":"2014-04-23T18:47:05","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=256761"},"modified":"2022-12-02T21:16:49","modified_gmt":"2022-12-03T05:16:49","slug":"hff-secures-financing-for-hudsons-bay-centre-in-denver-and-bella-springs-in-colorado-springs","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/hff-secures-financing-for-hudsons-bay-centre-in-denver-and-bella-springs-in-colorado-springs\/","title":{"rendered":"HFF Secures Financing for Hudson\u2019s Bay Centre in Denver and Bella Springs in Colorado Springs"},"content":{"rendered":"<p><em>By Gabriel Circiog, Associate Editor<\/em><\/p>\n<p>HFF recently announced that it has secured $21.5 million in financing for the Hudson\u2019s Bay Centre. Working on behalf of the borrower, a 50-50 partnership between MDC Realty Advisors USA Inc. and Artis REIT, HFF placed the seven-year, 3.76 percent, fixed-rate loan with Principal Real Estate Investors. The loan proceed were used to acquire the Class A, 172,912-square-foot office building.<\/p>\n<p>Located at 1600 Stout Street, along the mile long 16th Street Mall in the Midtown East section of Denver\u2019s central business district, the 20-story transit-oriented Hudson\u2019s Bay Centre is currently 96.4 percent leased. The property is adjacent to the 16th and Stout Station RTD light rail station and close to the 16th and California Station.<\/p>\n<p>Over in Colorado Springs, HFF closed the $48.5 million sale of Bella Springs, a class A multi-housing community. HFF marketed the property on behalf of a joint venture between Griffis\/Blessing Inc. and Consolidated Investment Group. The property was acquired by The Praedium Group and HFF secured a $31.525 million, five-year, 3.08 percent, interest only acquisition loan on behalf of the buyer through a life insurance company. <a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/04\/Bella-Springs.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-256762\" title=\"Bella Springs\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/04\/Bella-Springs.jpg\" alt=\"\" width=\"193\" height=\"300\" \/><\/a><\/p>\n<p>Located at 1050 Milano Point, the 364-unit Bella Springs was completed in 2001 and the property is currently 95 percent occupied. The community features numerous amenities, including a heated resort-style swimming pool and spa, fully-equipped fitness center, clubhouse, theater room and business center.<\/p>\n<p>\u201cIn addition to its proximity to the prestigious United States Air Force Academy and the highly anticipated Copper Ridge mixed-use development, Bella Springs sits within one of Colorado Springs\u2019 highest demographic areas.&#8221; says\u00a0Jordan Robbins, director HFF investment sales team. &#8220;Furthermore, the asset is situated within the Academy School District 20, which is widely recognized as one of the top school districts in the State of Colorado. Coupled with outstanding panoramic views of the Rocky Mountains and numerous community amenities, Bella Springs presented prospective buyers with a high-quality investment opportunity with significant upside by continuing a proven value-add strategy.\u201d<\/p>\n<p><em>Photo Courtesy of: www.gbbellasprings.com<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>HFF recently announced that it has secured $21.5 million in financing for the Hudson&rsquo;s Bay Centre. Working on behalf of the borrower, a 50\/50 partnership between MDC Realty Advisors USA Inc. and Artis REIT, HFF placed the seven-year, 3.76 percent, fixed-rate loan with Principal Real Estate Investors. The loan proceed were used to acquire the Class A, 172,912-square-foot office building.<\/p>\n","protected":false},"author":264,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1587,21742],"tags":[1815],"class_list":["post-1004095278","post","type-post","status-publish","format-standard","hentry","category-denver","category-latest","tag-national"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>HFF Secures Financing for Hudson\u2019s Bay Centre in Denver and Bella Springs in Colorado Springs - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/hff-secures-financing-for-hudsons-bay-centre-in-denver-and-bella-springs-in-colorado-springs\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"HFF Secures Financing for Hudson\u2019s Bay Centre in Denver and Bella Springs in Colorado Springs\" \/>\n<meta property=\"og:description\" content=\"HFF recently announced that it has secured $21.5 million in financing for the Hudson&rsquo;s Bay Centre. Working on behalf of the borrower, a 50\/50 partnership between MDC Realty Advisors USA Inc. and Artis REIT, HFF placed the seven-year, 3.76 percent, fixed-rate loan with Principal Real Estate Investors. The loan proceed were used to acquire the Class A, 172,912-square-foot office building.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/hff-secures-financing-for-hudsons-bay-centre-in-denver-and-bella-springs-in-colorado-springs\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2014-04-23T18:47:05+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-03T05:16:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/04\/Bella-Springs.jpg\" \/>\n<meta name=\"author\" content=\"Gabriel Circiog\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hff-secures-financing-for-hudsons-bay-centre-in-denver-and-bella-springs-in-colorado-springs\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hff-secures-financing-for-hudsons-bay-centre-in-denver-and-bella-springs-in-colorado-springs\\\/\"},\"author\":{\"name\":\"Gabriel Circiog\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/dc807179924e7fea3aeab259237f45a5\"},\"headline\":\"HFF Secures Financing for Hudson\u2019s Bay Centre in Denver and Bella Springs in Colorado Springs\",\"datePublished\":\"2014-04-23T18:47:05+00:00\",\"dateModified\":\"2022-12-03T05:16:49+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hff-secures-financing-for-hudsons-bay-centre-in-denver-and-bella-springs-in-colorado-springs\\\/\"},\"wordCount\":343,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hff-secures-financing-for-hudsons-bay-centre-in-denver-and-bella-springs-in-colorado-springs\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2014\\\/04\\\/Bella-Springs.jpg\",\"keywords\":[\"National\"],\"articleSection\":[\"Denver\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hff-secures-financing-for-hudsons-bay-centre-in-denver-and-bella-springs-in-colorado-springs\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hff-secures-financing-for-hudsons-bay-centre-in-denver-and-bella-springs-in-colorado-springs\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hff-secures-financing-for-hudsons-bay-centre-in-denver-and-bella-springs-in-colorado-springs\\\/\",\"name\":\"HFF Secures Financing for Hudson\u2019s Bay Centre in Denver and Bella Springs in Colorado Springs - 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