DENVER–HFF has arranged $42 million in financing on behalf of Gart Properties for a four-property retail portfolio totaling 436,107 square feet.
HFF worked exclusively on behalf of Denver-based Gart to secure the 10-year, 4.5% fixed-rate loan with a correspondent life company lender.
Loan proceeds were used to refinance maturing debt on the properties and to allow Gart Properties to realize significant value that had been created through renovation and repositioning of the assets including strategic leasing and management throughout the past several years.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
