HFF Announces the Sale of EVIVA on Cherokee in Downtown Denver

Feb 04, 2019 04:17 pm

Holliday Fenoglio Fowler, L.P. (HFF) announces the sale of EVIVA on Cherokee, a Class AA, high-rise apartment building in the Golden Triangle neighborhood of Denver, Colorado.

The HFF team marketed the asset exclusively on behalf of the project’s developer and seller, a partnership between The Integral Group LLC, a national real estate development and investment firm headquartered in Atlanta, and Wanxiang America Real Estate Group, a Chicago-based real estate investment firm.

EVIVA on Cherokee is a Class AA 18-story, concrete constructed building completed in 2017. Located at 1250 Cherokee Street, the property is ideally located in Denver’s Golden Triangle neighborhood within one block of the Daniel Libeskind-designed Denver Art Museum, the Clyfford Still Museum and the Kirkland Museum, among several other museums and art galleries. EVIVA on Cherokee is also ideally located between Denver’s CBD and Cherry Creek and is within walking distance to popular dining and entertainment options.

Homes at EVIVA on Cherokee average approximately 820 square feet and feature industrial-inspired finishes such as exposed concrete, high-gloss custom cabinetry, quartz countertops, stainless steel appliances, sliding barn doors and floor-to-ceiling windows offering stunning city and mountain views. Community amenities include a resort-style saltwater pool with private cabanas, outdoor grilling area, bocce ball court, fire pits, state-of-the-art fitness center, movie room with billiards, demonstration kitchen, private indoor/outdoor conference room, rotating art gallery throughout the common areas, dog wash and 24-hour concierge services.

The HFF investment advisory team representing the seller included managing director Jordan Robbins and directors Anna Stevens, Mack Nelson and Chris White.

“EVIVA on Cherokee is a best-in-class, trophy asset located in the highly desirable Golden Triangle neighborhood, one of Denver’s most exciting creative districts,” Robbins said. “The limited availability of concrete, high-rise apartment communities in Denver created significant interest in the asset.”

About Integral Group, LLC

The Integral Group, LLC is an Atlanta based real estate development and investment company focusing on development projects across the United States. For 25 years, The Integral Group, LLC has earned a solid reputation for bringing innovative community, housing and infrastructure solutions to strengthen and revitalize urban communities. Integral strives to be a premier provider of sustainable real estate, community and infrastructure solutions globally. For information about Integral Group, LLC, please visit http://www.integral-online.com/.

About Wanxiang America Real Estate Group

Wanxiang America Real Estate Group, LLC (“WAREG”) was formed in 2010 to invest in value-added real estate investments in the U.S. The WAREG team relies on its expertise as developers and operators to source, underwrite and execute investments focusing on asset-level dynamics and intrinsic value. Efficiency is created by utilizing a flat organizational structure, practical business approach, large pool of discretionary capital and entrepreneurial mindset. The combination of expertise, industry connections, efficiency and capital has allowed WAREG to carve out a niche in the market. WAREG has successfully invested over $1 billion of equity into nearly 100 commercial real estate investments of all product types across North and South America. For information about Wanxiang America Real Estate Group, please visit http://wanxiangrealestate.com/.

About HFF

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.

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