February 13, 2019
A 19-property, 41-building industrial portfolio totaling 1.95 million square feet in Denver, Boulder and Colorado Springs, CO has traded hands for $124.3 million. HFF worked on behalf of the borrower, Berkeley Partners, to place the 10-year, fixed-rate acquisition loan with Nuveen Real Estate.
Situated on a total of 126.31 acres, the portfolio comprises 14 industrial facilities in Denver, three in Colorado Springs and two in Boulder. The properties are situated in infill locations serving the Rocky Mountain region. The properties were built between 1973 and 1996, and are 93% leased to a total of 178 tenants.
The HFF debt placement team was led by Kevin MacKenzie, Jeff Sause, Leon McBroom and Spencer Richley.
*Pictured Lincoln Executive Business Center 2
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