Littleton, Colo. — Ziff Real Estate Partners has purchased Marston Park Plaza, a 101,500-square-foot shopping center located roughly 10 miles outside Denver, for $17.9 million. Situated in Littleton at the intersection of South Wadsworth Blvd. and Belleview Avenue, the center comprises 23 tenants including Chase Bank, Club USA, The Tile Shop, Subway and Edible Arrangements. This transaction marks ZRP’s second retail acquisition in the Denver metro area.
Aurora, Colo. — JLL Capital Markets has arranged the $16 million sale of Aurora Plaza, a 115,461-square-foot shopping center located in Aurora, roughly nine miles east of Denver. Anchored by King Soopers, Cinema Latino and Gen X Clothing, the property was 80 percent leased to 27 tenants including medical offices, service providers, restaurants and retail shops at the time of sale. Built in 1982 and renovated in 2001, Aurora Plaza spans 10.6 acres. Jason Schmidt and Austin Snedden of JLL’s Investment Sales and Advisory team represented the seller in the transaction. …
Denver — Marcus & Millichap has facilitated the $7.2 million sale of Shops at 6th & Broadway, a 12,033-square-foot retail center located in Denver. Built in 2002, the property was 76 percent leased to a mix of tenants including AT&T, Jersey Mike’s Subs, Einstein Bros. Bagels and Palm Beach Tan at the time of sale. Ian Hicks, Ryan Bowlby and Drew Isaac of Marcus & Millichap’s Denver office marketed the property on behalf of the seller, a private local investor, and procured the buyer, a local family office, in the …
Frederick, Colo. — Evergreen Devco has completed construction of site infrastructure and two multi-tenant retail buildings at Silverstone Marketplace, a 35-acre shopping center located in Frederick. A 123,000-square-foot King Soopers Marketplace, which features a French bakery, fuel station and drive-thru pharmacy, anchors the project. The small shop buildings, which comprise 20,000 square feet of retail space, are 93 percent leased to tenants including Wingstop, Club Pilates, Domino’s Pizza, Cold Stone Creamery, Great Clips, Blue Sky Nails & Lash, Five Guys, Pacific Dental and Chipotle. Chase Bank, Wendy’s and Valvoline will occupy pad …
Denver — JLL Capital Markets has facilitated the $56.7 million sale of Quebec Square, a 207,611-square-foot power center located 10 miles from downtown Denver. Walmart, The Home Depot and Sam’s Club shadow anchor the center, which sits on 22 acres. Tenants at the property include Ross Dress For Less, Office Depot, PetSmart, Big 5 Sporting Goods and Five Below. Jason Schmidt and Austin Snedden of JLL’s Investment Sales and Advisory team represented the seller, ALTO Real Estate Funds, in the transaction. Big Ben Private Real Estate I LP was the …
Louisville, Colo. — Mt. Pleasant, South Carolina-based Ziff Real Estate Partners (ZRP) has acquired Village Square Shopping Center, a 40,211-square-foot retail property in Louisville, for $9.3 million. The center is shadow-anchored by Shamrock Foods. ZRP has allocated funds to improve the center’s infrastructure and curate a successful tenant mix. Brooke Frey and Christian Chamblee led the ZRP deal team in the transaction. The acquisition of Village Square Shopping Center marks ZRP’s first retail acquisition in the state of Colorado.
Edgewater, Colo. — CentrePoint Properties has acquired Edgewater Public Market, a 76,000-square-foot retail center located in Edgewater, roughly five miles outside downtown Denver. Opened in 2019 within a building formerly occupied by King Soopers, the center comprises a food hall and 17 retail tenants, as well as three additional buildings leased to tenants including Shake Shack, Syrup, Veterinary Emergency Group and Adelita’s Cocina y Cantina. LCP Development, an affiliate of LCP Management, was the developer and seller.
Greenwood Village, Colo. — Sterling Organization has acquired The Orchards, a 159,272-square-foot shopping center located in Greenwood Village, roughly 10 miles south of Denver. A 78,000-square-foot King Soopers store anchors the property. Sterling purchased the center on behalf of its $267 million Sterling United Properties II LP (SUP II) fund. SUP II’s portfolio now includes approximately 2 million square feet across 16 properties.
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 …
