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.
The Cushman & Wakefield Equity,Debt and Structured Finance team included Steve Kohn, Alex Hernandez and Mark Root.
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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.
