Loveland, Colo. — Evergreen Development and the Schmer family have broken ground on Schmer Farm Marketplace, a planned 29-acre retail center located in Loveland, roughly 45 miles north of Denver. Situated on the corner of Highway 34 and Rocky Mountain Avenue, a 122,000-square-foot King Soopers grocery store will anchor the property, which will bring expanded shopping and service-based businesses to the area. In addition to the anchor tenant, Evergreen has also signed leases with Chase Bank and Black Rock Coffee Bar. The Schmer family has partnered with Evergreen to transform …
Wheat Ridge, Colo. — CentrePoint Properties has negotiated the $14.5 million sale of Wilmore Center, a 52,743-square-foot mixed-use property located in Wheat Ridge, approximately five miles west of downtown Denver. Jon Hendrickson and Aaron Johnson of Cushman & Wakefield represented the seller in the transaction. The buyer was HCA HealthONE. Situated on 5 acres at 7615 W. 38th Ave., Wilmore Center comprises two single-story multi-tenant buildings offering mixed-use space and 236 parking spaces. At the time of sale, the property was 84 percent occupied by 15 tenants. The tenant mix includes …
Loveland, Colo. — Galway Cos. is advancing a multi-million-dollar, property-wide renovation at The Promenade Shops Centerra, a 494,500-square-foot open-air center in Loveland, approximately 46 miles north of Denver. Improvements will include new storefront facades; a redesigned ice rink scheduled to open later next month; new landscaping along Main Street and updated property lighting; additional seating and refreshed outdoor gathering spaces; a new monument sign and new entrance signage; property-wide Wi-Fi and security enhancements; and new roofing across 10 buildings. The broader streetscape renovation is scheduled for completion in spring 2027. …
Englewood, Colo. — Red Robin Gourmet Burgers Inc. has completed the sale of 108 company-owned units to multi-unit franchise operators for approximately $89.4 million in gross proceeds. The company announced the transactions in the second quarter of this year. Under the terms of each agreement, each of the multi-unit restaurant operators has begun operating restaurants in the following markets under the same Red Robin brand: • Kuber Oregon LLC and Kuber Washington LLC acquired 17 restaurants based in Oregon and Washington for $10 million. • Evergreen Dining LLC acquired 30 restaurants …
Aurora, Colo. — JLL Capital Markets has arranged the $41.2 million sale of Stanley Marketplace, a 102,125-square-foot adaptive reuse retail development located in the Denver suburb of Aurora. Jason Schmidt and Austin Snedden of JLL represented the seller, Westfield Co., in the transaction. Leon McBroom and William Haass, also of JLL, secured a five-year, $27.3 million acquisition loan through a reginal bank on behalf of the buyer, Magnetic Capital. Originally constructed in 1954 as an ejection seat manufacturing facility, the redeveloped retail property is currently 98 percent leased to a mix …
Denver — Marcus & Millichap has brokered the sale of Wabash Marketplace, a 34,846-square-foot shopping center in Denver’s Cherry Creek neighborhood. An entity doing business as Wabash Retail LLC sold the property for $8.5 million, or $243 per square foot. Wabash Marketplace is leased to a mix of local and service-oriented tenants, including restaurants, a coffee shop, fitness and beauty business and a home décor retailer. The property was built in 1983 on 2.1 acres. Cory Gross of Marcus & Millichap represented the seller and sourced the buyer, a private …
Colorado Springs, Colo. — ABMAR Investments has received a $5.7 million loan for the refinancing of Union Square Shopping Center, a retail property located at 5035-5069 N. Academy Blvd. in Colorado Springs. Andrew Deaver, Rob Bova and Tom Gilliland of JLL Capital Markets arranged the three-year, floating-rate loan on behalf of ABMAR Investments, which will use a portion of the proceeds to fund upcoming improvements for tenant Crunch Fitness, along with additional capital expenditures. Built in 1978 and renovated in 2005, Union Square features 69,347 square feet of retail space …
Parker, Aurora And Littleton, Colo. — Western Centers Inc. has sold a three-property retail portfolio in Metro Denver to CentrePoint Properties for $30.3 million. The portfolio includes the 56,000-square-foot Cottonwood Square in Parker, the 26,000-square-foot Bristol Pointe in Aurora and the 28,000-square-foot Foothill Green in Littleton. Jon Hendrickson and Aaron Johnson of Cushman & Wakefield represented the seller in the transaction. Craig Branton and Mickey Moran of Greystone, in partnership with Cushman & Wakefield’s Denver-based debt team, arranged acquisition financing for all three properties.
Firestone, Colo. — The Staenberg Group (TSG) has announced that Target will open a new 128,000-square-foot store that will anchor Firestone City Centre, a 140-acre mixed-use development located in Firestone, roughly 30 miles north of Denver. The new store is scheduled to debut this month. Firestone City Centre features more than 600,000 square feet of retail and restaurant space that is home to a mix of national retailers and restaurants including The Home Depot, American Furniture Warehouse, Anytime Fitness, Chick-fil-A, Panda Express, Firestone Auto and Chuck & Don’s, among others. …
Denver — Simon Property Group has signed leases with four new tenants at Cherry Creek Shopping Center, a 1.1 million-square-foot super-regional mall located in Denver. Japanese-inspired concept Milk Jelli is anticipated to open this July, while STUDS and Crate & Barrel are expected to open in the fourth quarter of this year. Rothy’s, a lifestyle and sustainable fashion brand, will launch in the second quarter of 2027. Cherry Creek Shopping Center welcomed a mix of additional tenants earlier this year including Captain Crêpes, SKIMS, Gucci, Ash & Agave, BYLT Basics, Swarovski, …
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