HFF closes sale and arranges financing for Panorama Corporate Center in suburban Denver
DENVER, CO – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the sale of and arranged financing for Panorama Corporate Center, a 780,649-square-foot, six-building, Class A office campus in suburban Denver, Colorado.
HFF represented the seller, Miller Global Properties, LLC, in the sale of the property to EverWest Real Estate Partners and Independencia Asset Management. Additionally, HFF assisted the new owner in securing a 70-percent-LTV, 10-year, full term interest only, fixed-rate acquisition loan at 4.78 percent through a national investment bank. HFF was also involved in the prior sale of the property in 2013.
Panorama Corporate Center is situated on 42.1 acres at the southwest corner of the Interstate 25/Dry Creek Road interchange adjacent to the Dry Creek light rail station in Centennial, a southeast suburb of Denver. The Class A complex was developed between 1996 and 2008 and is 94.1 percent leased to tenants including United Launch Alliance and Comcast. Tenants have access to an on-site deli with Wi-Fi enabled outdoor seating and a fitness center, which is under construction in Building II.
The HFF investment sales team was led by senior managing directors John Jugl and Mary Sullivan.
HFF’s debt placement team was led by senior managing director Eric Tupler.
About Miller Global Properties, LLC
Located in Denver, Colorado, Miller Global Properties, LLC sponsors real estate investment funds that are dedicated to office buildings and hotels of the highest quality throughout the United States. The firm creates value for its fund investors through cash flow and appreciation. Since 1996, Miller Global has sponsored seven real estate funds and raised approximately $1.1 billion in equity. Located in Denver, CO, the company generally has approximately $1.5 billion in assets under management. www.millerglobal.com.
About EverWest Real Estate Partners
EverWest Real Estate Partners, LLC, headquartered in Denver, Colorado, is a privately held real estate investment management and operating company, creating significant capital appreciation for investors through strategic acquisition, development, capitalization, repositioning, and management of commercial real estate assets.
HFF and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 22 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 hfflp.com or follow HFF on Twitter @HFF.