Holliday Fenoglio Fowler, L.P. (HFF) announces the sale of Alexan Uptown, a 372-unit, 12-story luxury apartment tower located in downtown Denvers highly popular Uptown neighborhood.
The HFF team marketed the asset exclusively on behalf of the seller, Trammell Crow Residential (TCR), and procured the buyer, Equity Residential. The sale marks Equity Residentials re-entry into Denver since exiting the market in January 2016.
Alexan Uptown is a 12-story luxury community located at 1935 Logan Street, a core location that positions the property within walking distance to numerous critically acclaimed restaurants, bars and entertainment destinations and adjacent to employers within the Denver CBD. The transit-oriented property is also steps from bus and light rail service. Completed in 2017, the property consists of studio, one- and two-bedroom floor plans averaging 771 square feet. Units are appointed with high-end finishes, including premium cabinetry, quartz countertops, stainless steel appliances, oversized windows, high ceilings, mudrooms, custom closets and balconies. Community amenities include a resort-style pool and spa offering sweeping views of downtown, Coors Field and the Rocky Mountains; state-of-the-art fitness center with yoga, cross training and spin studios; fifth-floor games lawn; clubhouse; catering kitchen; resident lounge; business center; pet spa; and electric car charging stations.
The HFF investment advisory team representing the seller included managing director Jordan Robbins and director Anna Stevens.
The offering attracted significant buyer interest due to its prime location in the core, walkable, highly amenitized Uptown neighborhood of downtown Denver, Robbins noted. TCR did an excellent job in the development of the building, and we are pleased to have worked with Equity Residential on their re-entry into the market.
About Trammell Crow Residential
Trammell Crow Residential (TCR) is a national multifamily real estate developer with over 40 years experience and a local presence in 12 key U.S. markets. Since 2012, TCR has developed, financed and asset managed more than $5 billion of multifamily communities totaling over 20,000 units, delivering amenity-rich communities in economically thriving locations nationwide. TCR and Crow Holdings Industrial (CHI) are the development divisions of Crow Holdings, a real estate investor, developer and owner with a global multi-asset investment platform and longstanding industry relationships built on trust, integrity and partnership. For more information, please visit https://tcr.com/.
HFF and its affiliates operate out of 26 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform, including debt placement, investment advisory, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. HFF, HFF Real Estate Limited, HFF Securities L.P. and HFF Securities Limited are owned by HFF, Inc. (NYSE: HF). For more information, please visit hfflp.com or follow HFF on Twitter @HFF.