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Arvada, Colo. — Northbrook, Illinois-based Pine Tree Commercial Realty LLC has acquired Arvada Marketplace-Connection, a 367,510-square-foot shopping center located in the Denver suburb of Arvada, for $54.9 million.
A 142,491-square-foot Sam’s Club anchors the center, with tenants including Sports Authority, Dollar Tree and Youfit Health Club. Brad Lyons of CBRE worked on behalf of the seller, RPAI, in the transaction. Bank of America provided financing.