DENVER—Working on behalf of Inland American Real Estate Trust, HFF has arranged a $23.55 million acquisition loan for Quebec Square, a 207,561-square-foot regional retail center in the Stapleton area of Denver.
HFF placed the 10-year, fixed-rate loan with Nationwide Real Estate Investments. HFF will service the loan.
Quebec Square was built in 2003 as part of the master planned redevelopment of the former Stapleton Airport site. Quebec Square is located seven miles northeast of downtown and occupies 22.07 acres. Beginning in 2016, the East Line of the Denver RTD Light Rail system and adjacent Central Park Station will service Quebec Square. The property is 97 percent leased to national retail and restaurant tenants, including Ross Dress for Less, Office Depot, PetSmart, Game Stop, Buffalo Wild Wings, Smashburger, GNC and Jimmy Johns. Additionally, the center is shadow-anchored by Walmart, Sam's Club and The Home Depot.
The HFF team representing the borrower was led by senior managing director Eric Tupler and real estate analyst Matt Gangaware.
Inland American Real Estate Trust, Inc. manages a large portfolio of commercial real estate assets with a focus on two asset classes—multi-tenant retail and student housing.
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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.
