Holliday Fenoglio Fowler, L.P. (HFF) announces construction financing for Platte Fifteen, a 152,000-square-foot spec office and retail development in Denver, Colorado.
The HFF team worked on behalf of the borrower, Lionstone Investments, a data-analytics driven real estate investment firm, and Crescent Real Estate LLC to secure the four-year construction loan through PCCP, LLC.
Due for completion in August 2019, Platte Fifteen will feature 136,000 square feet of office, 16,000 square feet of ground floor retail, a 38-stall surface level parking garage and a 198-stall subterranean parking garage. The five-story, Class A property will have typical floor plates ranging from 32,000 to 35,000 square feet and will offer tenants a rooftop deck with views of downtown and the Front Range. Platte 15 is located at 2373 15th Street on the corner of Platte and 15th just minutes from downtown’s Union Station, Central Platte Valley, LoDo, the Pepsi Center, Coors Field and Interstate 25, Denver’s main north-south arterial.
The HFF debt placement team representing the borrower included managing director Colby Mueck, senior director Jim Curtin and director Leon McBroom.
Rendering courtesy HFF.