Press Release brought to you by HFF

HFF arranges $18.008 million permanent financing for mixed-use properties in Denver’s River North


DENVER, CO – December 1, 2016 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has arranged permanent financing totaling $18.008 million for Freight and Freight Residences, two properties featuring retail, office and residential space within the TAXI campus in Denver’s River North (RiNo) neighborhood.

HFF worked exclusively on behalf of the borrower, Zeppelin Development to secure permanent financing for each of the properties in two separate transactions closed this fall.  The first was a $6.86 million, 10-year, fixed-rate loan for Freight, which was placed with a securitized lender.  HFF also secured an $11.148 million, 10-year, fixed-rate loan for Freight Residences through Freddie Mac’s (Federal Home Loan Mortgage Corporation) CME Program.  The securitized loan will be serviced by HFF, a Freddie Mac Multifamily Approved Seller/Servicer for Conventional Loans.

Situated along Ringsby Court on the left bank of the South Platte River in Denver’s RiNo submarket, the TAXI master planned campus is an eight-building, mixed-use development containing more than 400,000 square feet of mixed-use, office, residential and retail.  Originally built in 1951 as a brick, dock-high shipping terminal, Freight was transformed into approximately 28,781 square feet of highly-functional creative office space in 2011.  The three-story property was designed by Dynia Architects and features a communal conference room, shared kitchen/lounge and an outdoor movie theatre on Freight Plaza.  Freight is occupied by 16 diverse office tenants in industries, including marketing, computer software, retail and architecture.

Completed earlier this year, Freight Residences is a 48-unit, Class A, mid-rise apartment building totaling 49,962 square feet.  The property’s one-, three- and four-bedroom residences feature upgraded appliance packages, modern designs and functional floor plans with access to amenities such as a swimming pool, creative recreation room, dining options and a fitness center.  The 100-percent-leased, walkable property offers easy access to a variety of transit options and amenities in the emerging RiNo area and downtown Denver.

The HFF debt placement team representing the borrower was led by associate director Leon McBroom and managing director Josh Simon.

About Zeppelin Development
Zeppelin Development is recognized for more than forty years of innovation on mixed-use projects in Denver’s urban core neighborhoods.  Fundamental to Zeppelin’s success is identifying underused properties in former industrial areas.  This strategy began in the 1970’s with catalytic projects in Lower Downtown, continued in the 80’s and 90’s with early-stage redevelopment of the Golden Triangle neighborhood, and is currently driving the development of Denver’s River North (RiNo) district.  The father and son team of Mickey and Kyle Zeppelin are committed to promoting social change through intelligently designed projects that address unmet needs in the market and provide a catalyst to surrounding neighborhoods.  As Denver natives, the Zeppelins and their team of collaborative partners have received widespread recognition for their RiNo developments, including the TAXI community and The Source market hall.  For more information, visit

About HFF
HFF and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: HF).  HFF operates out of 23 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, equity placement, advisory services, loan sales and commercial loan servicing.  For more information please visit or follow HFF on Twitter @HFF.



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