{"id":1004125368,"date":"2015-08-14T11:24:09","date_gmt":"2015-08-14T19:24:09","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=357781"},"modified":"2020-05-11T02:01:26","modified_gmt":"2020-05-11T10:01:26","slug":"refinancing-arranged-for-denvers-largest-shopping-mall","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/refinancing-arranged-for-denvers-largest-shopping-mall\/","title":{"rendered":"Refinancing Arranged for Denver\u2019s Largest Shopping Mall"},"content":{"rendered":"<p><em>By Ioana Neamt, Associate Editor<\/em><\/p>\n<div id=\"attachment_357782\" class=\"wp-caption alignright\" style=\"width: 160px\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/08\/230816_10150179107986702_3836247_n.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-thumbnail wp-image-357782\" title=\"Denver Pavilions - 500 16th St\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/08\/230816_10150179107986702_3836247_n.jpg\" alt=\"Denver Pavilions - 500 16th St\" width=\"150\" height=\"150\" \/><\/a><\/p>\n<p class=\"wp-caption-text\"><em>Denver Pavilions &#8211; 500 16th St<\/em><\/p>\n<\/div>\n<p><a href=\"https:\/\/www.hfflp.com\/\" rel=\"nofollow\" >HFF<\/a> has recently arranged joint venture equity and financing for the largest shopping center in downtown Denver.<\/p>\n<p>Working on behalf of <a href=\"https:\/\/www.gartproperties.com\/\" rel=\"nofollow\" >Gart Properties LLC<\/a>, HFF has arranged a joint venture equity partnership with <a href=\"https:\/\/www.metlife.com\/investments\/real-estate\/index.html#overview\" rel=\"nofollow\">MetLife Real Estate Investors<\/a> for the recapitalization of <a href=\"https:\/\/www.denverpavilions.com\/\" rel=\"nofollow\" >Denver Pavilions<\/a>. HFF also placed a ten-year, fixed-rate loan for the partnership with Hartford, Ct.-based <a href=\"https:\/\/www.cornerstoneadvisers.com\/\" rel=\"nofollow\" >Cornerstone Real Estate Advisers<\/a>.<\/p>\n<p>The 351,347-square-foot Denver Pavilions incorporates a blend of entertainment, dining and retail attractions and is 95 percent leased. The open-air mall is home to a flagship H&amp;M store, Hard Rock Caf\u00e9, Banana Republic, Coyote Ugly Saloon and Barnes &amp; Noble, as well as a newly renovated United Artists theater. The three-story mall covers two half-city blocks and also features a 797-stall, two-story underground parking garage.<\/p>\n<p>Located at 500 16<sup>th<\/sup> St. between Welton St. and Tremont Place, Denver Pavilions is within walking distance from the Colorado State Capitol, the Colorado Convention Center, the Denver Center for the Performing Arts and Civic Center Park.<\/p>\n<p>\u201cThis deal, among other recent transactions in Denver, underscores the emergence of Denver as a top-tier city for global retailers and investors alike,\u201d said Mark Sidell, president of Gart Properties in a prepared statement.<\/p>\n<p>The HFF equity placement team was led by managing directors Mary Sullivan and John Jugl, while the debt placement team was led by senior managing director Eric Tupler.<\/p>\n<p><em>Image courtesy of Denver Pavilions\u2019 <a href=\"https:\/\/www.facebook.com\/denverpavilions\" rel=\"nofollow\" >Facebook page<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>HFF has recently arranged joint venture equity and financing for the largest shopping center in downtown Denver.<\/p>\n","protected":false},"author":192,"featured_media":1004505700,"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":[],"class_list":["post-1004125368","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-denver","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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