DENVER—Cushman & Wakefield served as the exclusive advisor to Invesco Real Estate, arranging a senior mortgage loan for the acquisition of Park Central a three-tower, 558,000 square foot, class A office building here. The financing, with both floating and fixed-rate components, was provided by New York Life Investment Management.
Park Central is a TOBY award-winning property located at the gateway to Lower Downtown in Denver. The landmarked property is currently 98% leased to 11 tenants, the three largest of which include a Park Central-headquartered energy company, a luxury destination/travel club and a renowned education institution.
“We had arranged the financing for the previous owner and were pleased to assist this high-quality sponsorship in procuring this attractive blend of fixed and floating rate debt,” said Steve Kohn, president of Cushman & Wakefield Equity, Debt and Structured Finance.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
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.
