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DENVER — HFF has arranged $165 million in permanent financing for Dairy Block, a mixed-use asset in downtown Denver. The borrower is a joint venture partnership between McWHINNEY, Grand American and Sage Hospitality.
Eric Tupler and Brock Yaffe of HFF secured the long-term debt with MetLife Investment Management. The borrowers will use the loan proceeds to refinance the construction loan on the property.
Diary Block consists of three components:
- Dairy Block, a newly built, six-story, 218,660-square-foot office space with 380-space subterranean parking garage.
- Firehouse Block, a historic 92,803-square-foot office and retail space along Blake Street.
- Maven Hotel, a 172-key boutique hotel. Operated by Sage Hospitality, the eight-story property features a 175-seat Kachina Cantina along with Poka Lola Social Club.