Broomfield and Loveland, Colo. — Prism Places and McWhinney have announced plans to partner on the development of two mixed-use projects in metro Denver. Both projects will be situated within master-planned communities currently underway by McWhinney. The first property, Center Street, will be located within the 1,100-acre Baseline community in Broomfield, roughly 20 miles northwest of Denver. Upon completion, the project will total 312,000 square feet, including 231,500 square feet of retail, restaurant and grocery space. Michael Hsu Office of Architecture will design Center Street, which will also feature office space …
Denver — KPR Centers has secured a $33.9 million loan to finance the acquisition of University Hills, a retail center located in Denver. Sunny Sajnani and Travis Headapohl of Institutional Property Advisors (IPA) Capital Markets, a division of Marcus & Millichap, arranged the five-year financing through a life insurance company lender. The fixed-rate loan features full-term interest-only payments and prepayment open at par for the last year. Tom Lagos of IPA procured the buyer in the sales transaction. University Hill was fully leased to tenants including King Soopers, Michaels, Marshalls, Office …
Denver — CenterSquare has purchased Shops at Highpointe, an 18,938-square-foot shopping center in Denver. Built in 2008, the property was 88 percent occupied at the time of sale. Tenants at the center include T-Mobile, Dickey’s BBQ and Red Wing Shoes.
Denver — KPR Centers has acquired University Hills, a retail center located in Denver, for $56.5 million. Supermarket chain King Soopers anchors the property, which totals 210,000 square feet. Other tenants at the center include Michaels, Marshalls, Office Depot, PetSmart, Five Below, Ulta Beauty and Starbucks Coffee. Tom Lagos of Institutional Property Advisors (IPA) represented KPR in the acquisition.
Arvada, Colo. — Pinnacle Real Estate Advisors has brokered the $10.1 million sale of a multi-tenant retail property located in Arvada, roughly 10 miles outside Denver. The property totals 41,163 square feet. Corey Sandberg and Jeff Johnson of Pinnacle represented the seller in the transaction.
Lakewood, Colo. — RealSource Group has brokered the $2.4 million sale of a single-tenant retail property located in Lakewood. Situated on 1.2 acres, the building totals 4,248 square feet. Grease Monkey occupies the property. Jonathan Schiffer and Austin Blodgett of RealSource, in association with ParaSell Inc., represented the seller, a private investor, in the transaction.
Fort Collins, Colo. — Cushman & Wakefield has arranged the $14 million sale of Harmony Commons, a 25,701-square-foot shopping center located in Fort Collins. Built in 2017, the property comprises two multi-tenant buildings and was 87 percent leased to eight tenants at the time of sale. Jon Hendrickson, Aaron Johnson and Mitch Veremeychik of Cushman & Wakefield represented the seller, Urban Village, in the transaction. Joshua Guernsey of Waypoint Real Estate represented the undisclosed buyer.
Westminster, Colo. — Seven new tenants have signed leases at The Orchard Town Center, a retail center located in Westminster, roughly 12 miles outside downtown Denver. Warby Parker, J.Crew Factory, Rally House, Cozy Coffee Co. and ZAGG are scheduled to open at the property later this year. P.F. Chang’s and Activate have also signed leases at the center, with plans to open next year. Vestar manages and leases the property, which is over 90 percent occupied. Existing tenants at the center include Target, Nordstrom Rack, Sephora and Lululemon.
Dallas — Marcus & Millichap Capital Corp. (MMCC) has arranged a $10.8 million loan for the acquisition of Sam Moon Center, a retail center located in Dallas. Built in 2003, the property totals 126,513 square feet of net rentable space. Robert Bhat of MMCC secured the financing through a local bank on behalf of the undisclosed borrower.
Fort Collins, Colo. — NewMark Merrill Cos. has acquired a single-tenant retail building located in Fort Collins. Lucky’s Market occupies the property, which totals 26,602 square feet. Lance Taylor represented NewMark Merrill in the transaction on an internal basis. Jon Hendrickson and Mitch Veremeychik of Cushman & Wakefield represented the undisclosed seller.
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