Colorado Real Estate Journal - April 5, 2017
Holliday Fenoglio Fowler LP recently arranged financing for a Florida-based firm making its Denver debut with its purchase of the Cascades office property. HFF’s Leon McBroom led the team arranging $44.1 million in financing on behalf of the buyer, America’s Capital Partners, for its $63 million purchase of the 348,760-square-foot Class A office asset in Centennial. The 70 percent loan-to-value, seven-year, fixed-rate acquisition loan was funded through a life insurance company correspondent lender. Located on an 8.71-acre site at 6300 S. Syracuse Way, Cascades was renovated in 2016 and is 97 percent leased to 24 tenants. Located in close proximity to Interstate 25 and within a 10-minute walk to the Arapahoe at Village Center light-rail stop, the building also features a fitness center, deli, 3,000-sf conference center, western-facing balconies and covered parking. America’s Capital Partners is a private commercial real estate investment firm headquartered in Coral Gables, Florida.