October 12, 2018
Don’t miss Connect National Investment & Finance on Oct. 18 to hear what industry leaders and major stakeholders have to say about the state of the market and what’s next in this current cycle. Click here to register.
Denver-based Continuum Partners, LLC secured $110 million financing for A Block, a 310,055-square-foot mixed-use development in downtown Denver. The asset includes the 200-key Kimpton Hotel Born; a 54,976-square-foot, Class A office building; and a 197-space parking garage.
HFF placed the floating-rate loan with a national bank, and loan proceeds will be used to retire the existing construction financing, which was also placed by HFF in 2015.
Completed in 2017, the two separate components include the 12-story Hotel Born and a five-story office and retail component. The hotel features 13,937 square feet of flexible meeting space, ground-floor retail and two food and beverage options. The 100%-occupied office building also contains 7,929 square feet of ground-floor retail leased to national tenants.
Situated on .893 acres at 1600 Wewatta St. (hotel) and 1881 16th St. (office), the property sits on a rail platform at the heart of the Denver Union Station urban redevelopment project.
HFF’s debt placement team included Eric Tupler, Leon McBroom and Tyler Dumon.
For comments, questions or concerns, please contact Dennis Kaiser