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DENVER — Hudson’s Bay Centre, a 172,912-square-foot boutique office building in Denver, has received $21.2 million in acquisition financing. The Class A office building was acquired by a joint venture between MDC Realty Advisors USA and Artis REIT.
The property is located at 1600 Stout Street in the Midtown East section of the Central Business District. It sits adjacent to the 16th Street Mall Shuttle and Stout Station RTD light rail station. The transit-oriented property is currently 96.4 percent leased.
The seven-year loan features a fixed interest rate of 3.76 percent. It was secured by HFF’s Josh Simon and Leon McBroom. The loan was placed with Principal Real Estate Investors.