HFF arranges $52.4 million loan

Holliday Fenoglio Fowler LP arranged $52.4 million in financing.

Holliday Fenoglio Fowler LP arranged $52.4 million in financing for the acquisition of a new Class A 223,177-square foot office property in Englewood.

The HFF team, led by Cary Abod and Eric Tupler, worked on behalf of Bentall Kennedy and Warba Bank to secure the five-year, 3.41 percent fixed, full-term, interest-only loan through a correspondent life insurance company lender.

Completed in 2017, the building at 9151 E. Panorama Circle is fully leased to single credit tenant Arrow Electronics. Located within the Panorama Corporate Center, the building includes column-free rectangular floor plates, mountain views, an employee kitchen, cafeteria, 8,000 sf of meeting space, a structured parking ratio of 5.9 spaces per 1,000 sf and a state-of-the-art fitness center with showers and a locker room.

Bentall Kennedy purchased the seven-story building on behalf of Warba Bank KSCP for $87 million. It was constructed as a build-to-suit for Arrow Electronics, which has a 15-year lease at the building sold by Miller Global Properties.

The acquisition was the third investment that Bentall Kennedy has made this year as Warba Bank’s real estate investment adviser and the first in Colorado.

Featured in CREJ’s November 15-December 5, 2017, issue

Jennifer Hayes has been an editor with the CREJ since 2000. Jennifer covers multifamily and retail news in the Denver metro area plus all property types in Colorado Springs and Southern Colorado. She also covers the finance market as well as solicits bylines articles and is editor of the Health Care Properties Quarterly. Before joining…