Hines Sells 1515 Wynkoop in Lower Downtown Denver, CO - Hines

Hines Sells 1515 Wynkoop in Lower Downtown Denver, CO

Firm Retains Property Management and Leasing Responsibilities

(DENVER, CO) – The Denver office of Hines, the international real estate firm, today announced the sale of 1515 Wynkoop to an affiliate of a commingled fund managed by American Realty Advisors.

Financials on the deal were not disclosed.

Located on the southwest corner of 15th and Wynkoop in the heart of Denver’s Lower Downtown (LoDo) neighborhood, the eight-story building contains approximately 300,000 square feet and is currently 90 percent leased.

“1515 Wynkoop set a new standard for Denver’s Class A space, with its combination of classic architecture and all the features of state-of-the-art office space in an irreplaceable location,” said Hines Senior Vice President Charles Elder.

 “We are tremendously proud of this building and look forward to our continued involvement as the property manager,” added Hines Senior Project Manager Jay Despard.

The building has been certified LEED® Gold in the U.S. Green Building Council’s Core & Shell rating system and has also been recognized by the U.S. Environmental Protection Agency (EPA) as “Designed to Earn the ENERGY STAR®”.

1515 Wynkoop is the first and only multi-tenant office property in Denver to achieve both designations.

“American recognizes that the downtown Denver office market has experienced unprecedented economic stability in 2010 and is projected for continued growth in the years to come. As such, investing in a high-quality, mixed-use core real estate property near Denver’s transportation hub is likely to generate superior returns for American’s clients and demonstrate long-term success on a firm-wide level,” stated American’s EVP/Executive Managing Director, Investments Kirk Helgeson.

Designed by Hartman-Cox Architects, 1515 Wynkoop is clad in brick and glass, in keeping with the historical tradition of its neighboring structures.

Maximizing natural light in tenant spaces, the building contains full-height windows and 9’ 4” finished ceiling heights, a first for Denver’s CBD.

 The building features a grand lobby entrance directly off of Wynkoop; 26,000 square feet of retail space on the first level; more than 10,000 square feet of outdoor terrace space spread across various levels of the building; and 415 below-grade parking spaces.

American Realty Advisors, a California corporation, is an SEC-registered investment advisor under the Investment Advisers Act of 1940, as amended, and a leading provider of real estate investment management services to institutional investors. With approximately $3.7 billion in assets under management, American has provided innovative real estate solutions to institutional investors for over 22 years utilizing core and value-added commingled funds and separate accounts. The firm’s portfolios include office, industrial, multi-family, retail and other properties nationwide. More information regarding American can be found online at www.americanreal.com.

Hines entered the Denver market in 1983 with the development of the 52-story Wells Fargo Center (aka the Cash Register building), and in 1999, the firm developed the 13-story 4600 South Syracuse building in the Denver Tech Center.

Hines is also known for several resort properties it developed in Colorado including: Aspen Highlands Village; River Valley Ranch in Carbondale; and Zephyr Mountain Lodge in Winter Park.

Hines is a privately owned real estate firm involved in real estate investment, development and property management worldwide. The firm’s historical and current portfolio of projects that are underway, completed, acquired and managed for third parties includes 1,126 properties representing more than 459 million square feet of office, residential, mixed-use, industrial, hotel, medical and sports facilities, as well as large, master-planned communities and land developments.

With offices in 106 cities in 17 countries, and controlled assets valued at approximately $23.7 billion, Hines is one of the largest real estate organizations in the world. Hines is also a world leader in sustainable real estate strategies, with extensive experience in LEED®, ENERGY STAR®, BREEAM, Haute Qualité Environnementale and DGNB green building rating systems.

Visit www.hines.com for more information.

Contact Hines

Headquarters

Global Headquarters

2800 Post Oak Blvd.
Houston, TX 77056-6188
United States
1 713 621 8000
Contact Hines

European Headquarters

5 Welbeck St.
London W1G 9YQ
United Kingdom
44 20 7292 1900

Regional Offices

U.S. East Region

345 Hudson Street
12th Floor
New York, NY 10014
United States
1 212 230 2300

U.S. Midwest Region

444 West Lake Street
Suite 2400
Chicago, IL 60606
United States
1 312 419 4900

U.S. Southeast Region

5 Ravinia Dr NE
Atlanta, GA 30346
United States
1 770 206 5300

U.S. Southwest Region

609 Main St.
Suite 2400
Houston, TX 77002
United States
1 713 237 5600

U.S. West Region

101 California Street
Suite 1000
San Francisco, CA 94111
United States
1 415 982 6200

Asia Pacific Region

1 Connaught Road, 28F
Central, Hong Kong

Eurasia Region

Gasheka Street 6
Ste. 820
Moscow 125047
Russia
7 495 785 05 00

European Region

5 Welbeck St.
London W1G 9YQ
United Kingdom
44 20 7292 1900

International Offices

Australia

20 Hunter St
Level 10
Sydney, NSW 2000
Australia
61 2 9232 3137

Brazil

Av. das Nações Unidas, 12901
Torre Norte - 6 ° andar
São Paulo 04578-910
Brazil
55 11 5504 7600

Canada

200 King Street West
Suite 1805
Toronto, ON M5H 3T4
Canada
416 595 1949

China

Suite 333, Hyundai Motor Tower
38 Xiaoyun Road, Chaoyang District
Beijing, PRC 100027
China
8610 8453 8855

France

66 Avenue Charles de Gaulle
Neuilly-sur-Seine, IDF 92522
France
33 1 41 45 80 80

Germany

Hines Immobilien GmbH
Joachimsthaler Str. 1
D - 10623 Berlin
Germany
49 30 726241 100

Greece

Voukourestiou 19
Athens 106 71
Greece
30 210 364 7895

India

One Horizon Center
12th Floor
Gurgaon, Haryana 122002
India
91 124 480 2222

Ireland

Block 2, First Floor
Clanwilliam House, Clanwilliam Place
Dublin 2
Ireland
353 1 7999900
Dublin.OfficeAdmin@hines.com

Italy

Via Broletto, 35
Milan 20121
Italy
0039 02 8962921

Japan

Akasaka K Tower Level 4
1-2-7 Motoakasaka, Minato-ku
Tokyo 107-0051
Japan
81 90 9854 5236

Luxembourg

35 F, John F. Kennedy
Luxembourg L-1855

352 264 337 1

Mexico

Torre del Angel
Reforma 350
Mexico D.F. 06600
Mexico
52 55 52428809

The Netherlands

Gustav Mahlerplein 28
Amsterdam, NH 1082 MA
Netherlands
31 6 30 70 81 29

Nordic Countries

Forbindelsesvej 4
Copenhagen 2100
Denmark
44 7815 285 191

Panama

Torre B Piso 15
Torre de las Americas
Punta Pacifica, Panama City
Panama
507 028 20 7375

Poland

Prosta Street 68
Warsaw 00-838
Poland
48 22 351 2400

Russia

Gasheka Street 6
Ste. 820
Moscow 125047
Russia
7 495 785 05 00

Spain

Sor Ángela de la Cruz, 2° - 2° C
Edificio Cuzco III
Madrid 28020
Spain
34 91 703 00 23

South Korea

Glass Tower, Level 20
534 Teheran-ro, Gangnam-gu
Seoul 06181
Republic of Korea
82 2 3439 9141

United Kingdom

5 Welbeck St.
London W1G 9YQ
United Kingdom
44 20 7292 1900