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Press Release
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Contact: Nick Derasmo (212.841.7505) |
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SONNENBLICK-GOLDMAN COMPANY ARRANGES SALE OF MIXED-USE PORTFOLIO IN COLORADO |
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Wednesday, April 14, 1999
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New York, NY
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Sonnenblick-Goldman Company, acting as the exclusive advisor to Prudential Real Estate Investors, arranged the sale of a portfolio consisting of Palmer Center, a mixed-use property containing an office complex totaling approximately 462,000 square feet and the 290-room Antlers Doubletree Hotel, located in Colorado Springs, Colorado, and the 264-room Grand Junction Hilton in Grand Junction, Colorado. Unilev Capital Corporation purchased the office complex at Palmer Center. HBE Corporation, the parent company of Adam's Mark Hotels, purchased the Antlers Doubletree Hotel and Grand Junction Hilton.
Palmer Center is a high profile, regional landmark located in the heart of Colorado Springs' Central Business District. In addition to the Antlers Doubletree Hotel, Palmer Center consists of Norwest Bank Tower (approximately 221,000 sf), Holly Sugar Building (approximately 150,000 sf), Atrium (approximately 83,000 sf), and a retail component (approximately 8,000 sf). The Antlers Doubletree Hotel is the premier hotel in downtown Colorado Springs. This first-class hotel consists of 290 guestrooms, over 27,000 square feet of meeting space, two restaurants, a state-of-the-art fitness center, lobby bar, gift shop, and indoor pool.
The Grand Junction Hilton is the only first-class, full-service hotel in the Grand Junction market. This 264-room hotel is contained in a single institutional quality, eight-story building and offers almost 6,600 square feet of meeting space, a swimming pool, hot tub, fitness center, tennis courts, a sand volleyball court, and convenient access to a neighboring golf course. |
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Sonnenblick-Goldman, LLC is the industry’s leading independent real estate investment banking firm. Founded in 1893 to serve the financing needs of the real estate industry, Sonnenblick-Goldman, LLC provides a full range of financial services, including debt and equity placements, joint ventures, investment sales and advisory services. Headquartered in New York, Sonnenblick-Goldman maintains offices in San Francisco, Boston, Hong Kong, Shanghai, Sydney and Tokyo. Further information can be found at Sonnenblick-Goldman, LLC’s website at www.cushwake.com/sonngold.
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