{"id":1004282030,"date":"2018-11-28T08:52:35","date_gmt":"2018-11-28T16:52:35","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004282030"},"modified":"2022-12-07T06:58:10","modified_gmt":"2022-12-07T14:58:10","slug":"hff-secures-construction-loan-for-denver-office-asset","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/hff-secures-construction-loan-for-denver-office-asset\/","title":{"rendered":"HFF Secures Construction Loan for Denver Office Asset"},"content":{"rendered":"<p>By Adina Marcut<\/p>\n<div id=\"attachment_1004282042\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/11\/Block-162-Denver.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004282042\" data-attachment-id=\"1004282042\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/hff-secures-construction-loan-for-denver-office-asset\/block-162-denver\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/11\/Block-162-Denver.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Block-162-Denver\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/11\/Block-162-Denver.jpg?w=800\" class=\"wp-image-1004282042 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/11\/Block-162-Denver.jpg\" alt=\"Block 162\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/11\/Block-162-Denver.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/11\/Block-162-Denver.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/11\/Block-162-Denver.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004282042\" class=\"wp-caption-text\">Block 162<\/p><\/div>\n<p>HFF has arranged a four-year construction loan for <a href=\"https:\/\/www.commercialsearch.com\/news\/patrinely-usaa-jv-building-750-ksf-of-office-space-in-denver-houston\/\">Block 162, a 595,000-square-foot Class A<\/a> office tower in Denver. The company represented the borrower, a joint venture between Patrinely Group and USAA Real Estate. The loan was secured through PCCP LLC. Gensler is the architect of the project.<\/p>\n<p>Located at 675 15<sup>th<\/sup> St., on approximately 1.1 acres, between California and Welton streets, the office development is situated in Denver\u2019s Midtown West submarket. Additionally, the property will offer convenient access to the 16<sup>th<\/sup> Street Mall, the Colorado Convention Center and the Denver Center for the Performing Arts.<\/p>\n<p>The 30-story building will feature 9,900 square feet of ground-level retail space and parking in three below-grade and nine above-grade decks. Block 162 broke ground in the summer of this year and upon completion in 2020, will offer 9,500 rentable square feet per floor, a 12th floor terrace with social lounge, an outdoor and indoor fitness center, bike storage and approximately 2,800 square feet of meeting space.<\/p>\n<p>HFF Director Leon McBroom and Senior Managing Director Eric Tupler were part of the debt placement team that worked on behalf of the borrower.<\/p>\n<p><em>Image courtesy of Gensler<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Class A office building broke ground this year and upon completion, will include a 30-story building with retail, office and parking spaces. <\/p>\n","protected":false},"author":436,"featured_media":1004282042,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1587,21825,21742,21747,15],"tags":[33012,32792,33948,33053,32957],"class_list":["post-1004282030","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-denver","category-finance","category-latest","category-office","category-west","tag-gensler","tag-hff","tag-patrinely-group","tag-pccp-llc","tag-usaa-real-estate-company"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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