{"id":1004144811,"date":"2016-05-25T03:49:16","date_gmt":"2016-05-25T11:49:16","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004144811"},"modified":"2020-05-12T03:36:50","modified_gmt":"2020-05-12T11:36:50","slug":"hff-facilitates-financing-for-denver-industrial-asset","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/hff-facilitates-financing-for-denver-industrial-asset\/","title":{"rendered":"HFF Facilitates Financing for Denver Industrial Asset"},"content":{"rendered":"

By Ioana Neamt<\/em><\/p>\n

\"2323<\/a>

2323 Delgany St., Denver<\/p><\/div>\n

Denver<\/strong>\u2014Working on behalf of a joint venture between EverWest Real Estate Partners<\/a> and WHI Real Estate Partners LP<\/a>, HFF<\/a> has arranged $15.5 million in bridge and construction financing for an industrial warehouse located in Denver\u2019s River North District.<\/p>\n

HFF secured the fixed- to floating-rate loan through First National Denver<\/a>\u2014a division of the First National Bank of Santa Fe. The initial batch of fixed-rate funding will be used to acquire the 83,133-square-foot property at 2323 Delgany, while the future floating-rate funds will be used to facilitate the asset\u2019s conversion into creative office space.<\/p>\n

Located in the city\u2019s vibrant River North (RiNo) District, 2323 Delgany is situated on 3.46 acres of land at the corner of Delgany and Park Avenue. The property offers easy access to Denver\u2019s newly renovated Union Station, Coors Field, the Colorado Convention Center and the I-25. The building was originally developed back in 1975 as a Twin-T industrial warehouse<\/a>. When the current tenant leases expire next year, the borrower intends to convert the industrial property to a creative office asset.<\/p>\n

\u201cWe are pleased to complete this financing as it will significantly enhance our ability to successfully reposition this asset,\u201d EverWest\u2019s Paul Andrews said in a prepared statement.<\/p>\n

\u201cFirst National is proud to have been of service to two very valued clients and appreciates the opportunity,\u201d First National Executive Vice President Jonathan Smith added.<\/p>\n

An HFF debt placement team led by Associate Director Leon McBroom and Senior Managing Director Eric Tupler arranged the deal on behalf of the borrower.<\/p>\n

Image via Google Street View<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The 83,133-square-foot warehouse will start fresh in 2017 as creative office space.<\/p>\n","protected":false},"author":192,"featured_media":1004144812,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1587,21782,21825,21748,21742,15],"tags":[],"class_list":["post-1004144811","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-denver","category-development","category-finance","category-industrial","category-latest","category-west"],"acf":[],"yoast_head":"\nHFF Facilitates Financing for Denver Industrial Asset - 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-facilitates-financing-for-denver-industrial-asset\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"HFF Facilitates Financing for Denver Industrial Asset\" \/>\n<meta property=\"og:description\" content=\"The 83,133-square-foot warehouse will start fresh in 2017 as creative office space.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/hff-facilitates-financing-for-denver-industrial-asset\/\" \/>\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=\"2016-05-25T11:49:16+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-12T11:36:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/05\/2323-delgany.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1332\" \/>\n\t<meta property=\"og:image:height\" content=\"891\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Ioana Neamt\" \/>\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\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/hff-facilitates-financing-for-denver-industrial-asset\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/hff-facilitates-financing-for-denver-industrial-asset\/\",\"name\":\"HFF Facilitates Financing for Denver Industrial Asset - 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