New York Life Real Estate Investors, on behalf of New York Life Insurance Co., will provide $220 million in financing for a 40-story class A office property in Denver.
The property, located at 1144 15th St. in Denver, is owned by Hines and their equity partner. It was completed in 2018.
Holliday Fenoglio Fowler (HFF) acted as mortgage broker to arrange the 17-year, fixed-rate permanent loan to finance the transaction.
The building is located in the Lower Denver Financial District, within 30 miles of the Denver International Airport. The space is let to Gates Industrial Corp., Optiv Security Inc. and Faegre Baker Daniels, and it features a 5,000-square-foot fitness center, a tenant lounge, sculpted terraces and 858 parking spaces.
