August 11, 2017 Comments (0) Views: 343 Colorado, National News, Southwest

Jackson Square Properties Acquires Denver MF for $75M

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HFF closed the $75.25 million sale of Gateway Park Apartments, a 328-unit, multi-housing community located in Denver. HFF marketed the Class A, garden-style asset on behalf of the seller, a joint venture between Denver-based Griffis Residential and PCCP, LLC. San Francisco-based Jackson Square Properties purchased the asset free and clear of existing financing.

Gateway Park Apartments consists of 22 two-story buildings, which house one-, two- and three-bedroom units averaging 896 square feet. The 98%-leased property is situated on nearly 21 acres at 4255 Kittredge St. near Interstate 70 and Pena Boulevard in northeast Denver, placing it within a short distance to several of Denver’s employment centers.

HFF’s Jordan Robbins, Jeff Haag and Anna Stevens represented the seller.

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