Holliday Fenoglio Fowler, L.P. (HFF) announces $118.5 million in financing for The Forum Fitzsimons, a mixed-use residential and retail property in the Denver, Colorado, suburb of Aurora.
The HFF team worked on behalf of a joint venture between Catalina Development Company, The Pollin Group and Sightway Capital to secure the five-year, floating-rate loan through a specialty finance company. Loan proceeds were used to replace the existing construction financing, which HFF arranged on behalf of the development team in 2015.
The Forum Fitzsimons is located at 13650 East Colfax Avenue adjacent to the 578-acre Anschutz Medical Campus and Fitzsimons Life Science District and across from the RTD Colfax light rail station, which provides direct access to downtown Denver, Denver International Airport, and Denver’s southern and western suburbs and employment hubs. The four-story, wrap-style property includes 397 luxury apartment homes, 28,640 square feet of ground-floor retail space and more than 15,000 square feet of upscale amenities, including two resort-style pools and spas with outdoor fireplaces and grilles; clubrooms with a theater and game room; a state-of-the-art fitness facility with specialized yoga and cycling rooms; an internet café and business center; a dog washing facility and two bark parks; a bike shop; storage facilities; and a six-story, gated parking structure.
The HFF team representing the borrower included senior director Chris McColpin and managing director Josh Simon.