HFF Announces $124.3M in Acquisition Financing for 41-Building Industrial Portfolio in Colorado
11 February 2019 - 10:15PM
Business Wire
HFF announces that it has arranged $124.3 million in financing
for the acquisition of a 19-property, 41-building industrial
portfolio totaling 1.95 million square feet in Denver, Boulder and
Colorado Springs, Colorado.
The HFF team 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 percent leased to a total of 178 tenants.
The HFF debt placement team was led by executive managing
director Kevin MacKenzie, senior director Jeff Sause, director Leon
McBroom and analyst Spencer Richley.
About Berkeley Partners
Founded in 2005, Berkeley Partners has formed a series of funds
focused on the light industrial sector. Berkeley Partners includes
a seasoned team of professionals with diversified experience in
fund management, real estate investment, and property and leasing
management. The company and its affiliated entities make-up a
vertically integrated real estate operating company, which has
demonstrated an ability to manage investments, operations and
dispositions through market cycles. Berkeley Partners currently has
assets under management totaling over $625 million through
investment funds and separate accounts in value-add and core-plus
strategies. The company’s investors include large pension plans,
insurance companies, endowments, foundations and family offices.
Visit http://www.berkeleypartners.com to learn more.
About Nuveen Real Estate
Nuveen Real Estate is one of the largest investment managers in
the world with $125 billion of assets under management. Managing a
suite of funds and mandates, across both public and private
investments, and spanning both debt and equity across diverse
geographies and investment styles, we provide access to every
aspect of real estate investing. With over 80 years of real estate
investing experience and more than 500 employees located across
over 20 cities throughout the United States, Europe and Asia
Pacific, the platform offers unparalleled geographic reach, which
is married with deep sector expertise. For further information,
please visit www.nuveen.com.
About HFF
HFF and its affiliates operate out of 26 offices and are a
leading provider of commercial real estate and capital markets
services to the global commercial real estate industry. HFF,
together with its affiliates, offers clients a fully integrated
capital markets platform, including debt placement, investment
advisory, equity placement, funds marketing, M&A and corporate
advisory, loan sales and loan servicing. HFF, HFF Real Estate
Limited, HFF Securities L.P. and HFF Securities Limited are owned
by HFF, Inc. (NYSE: HF). For more information, please visit
hfflp.com or follow HFF on Twitter @HFF.
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version on businesswire.com: https://www.businesswire.com/news/home/20190211005088/en/
Jeff SauseHFF Senior Director(310)
407-2100jsause@hfflp.com
Kevin MacKenzieHFF Executive Managing Director(949)
253-8800kmackenzie@hfflp.com
Leon McBroomHFF Director(303)
515-8000lmcbroom@hfflp.com
Kimberly SteeleHFF Digital Content/Public Relations
Specialist(713) 852-3420ksteele@hfflp.com
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