Denver — Stockdale Capital Partners has acquired The Shops at Northfield, a 769,359-square-foot shopping center located in Denver, from QIC Ltd. The center is home to 20 restaurants and retail tenants including Super Target, Macy’s, Bass Pro Shops, Harkins Theatres, H&M and Nike. The property was developed in 2006 and is situated on 87 acres.
Golden, Colo., Charlotte, N.C. and Lithonia, Ga. — Marcus & Millichap has arranged the sale of three retail properties in Colorado, North Carolina and Georgia. Dispositions include an Advance Auto Parts location at 17151 South Golden Road in Golden, Colorado; a Dollar General location at 3708 Oakdale Road in Charlotte, North Carolina; and a Napa Auto Parts located at 7227 Covington Highway in Lithonia, Georgia. The three properties were purchased in one transaction by an undisclosed publicly-traded real estate investment company. Drew Isaac of Marcus & Millichap represented the seller, …
Colorado Springs, Colo. — NavPoint Real Estate Group has arranged the sale of Carefree Shopping Center, a retail property located at 3315-3541 N. Academy Blvd. in Colorado Springs. DCP Carefree sold the center to Alturas Real Estate Fund for $15.8 million. At the time of sale, the 126,471-square-foot property was 98 percent occupied by tenants including Family Dollar, Metro PCS, Human Bean Coffee, Pizza Hut and New Horizons Thrift Store. Matt Call and Collin Tedesco of NavPoint Real Estate Group handled the transaction.
Denver — Evergreen Devco Inc. has completed the construction of a grocery-anchored shopping center at the northeast corner of 56th Avenue and Tower Road in Denver. The property will be anchored by a 23,300-square-foot Sprouts Farmers Market, which is set to open on January 14. The development site also features an 8,224-square-foot multi-tenant building and six accompanying retail pads, which are slated to open later this year. The multi-tenant space will be home to tenants including a 3,000-square-foot Solomon Liquor, 2,324-square-foot Corner Bakery Café and an 1,800-square-foot Prairie Pediatrics. Bryan …
Lakewood, Colo. — Blue West Capital has arranged the sale of a 42,755-square-foot multi-tenant retail center located at 10750 West Colfax Ave. in Lakewood, roughly seven miles west of downtown Denver. Tom Ethington of Blue West Capital represented the seller, a Colorado-based private real estate company. The buyer was a California-based investor. 10750 West Colfax Ave. was fully leased at the time of sale to tenants including Harbor Freight Tools, JoAnn Fabric and Guitar Center.
Woodland Park, Colo. — Institutional Property Advisors (IPA) has brokered the $10.3 million sale of Gold Hill Shopping Center, a 47,978-square-foot multi-tenant retail center in Woodland Park, about 19 miles from Colorado Springs. The center was fully occupied at the time of sale by tenants including City Market and Wendy’s. Ryan Bowlby and Drew Isaac of IPA represented the undisclosed buyer and secured the undisclosed seller in the transaction.
Littleton, Colo. — Blue West Capital has arranged the sale of Mineral Shops, a neighborhood retail center located at 4760 W. Mineral Ave. in the Denver suburb of Littleton. Mineral Shops features 9,910 square feet of retail space and was 100 percent occupied at the time of sale. Tenants include Rita B Salon, Blush Nail Salon, King Liquor, Dunkin’ and Columbine Dentistry. Robert Edwards and Carly Kelly of Blue West Capital represented the buyer, a Texas-based private real estate investment company, and seller, a San Francisco-based private real estate investor, …
Castle Rock, Colo. — Blue West Capital has brokered the sale of a single-tenant building located at 220 S. Wilcox St. in Castle Rock. A California-based 1031 exchange investor acquired the newly constructed asset for $2.8 million. The United States Postal Service occupies the 5,382-square-foot property as a mission-critical financial station that combines retail operations and carrier logistics. Zach Wright and Brandon Gayeski of Blue West Capital represented the seller, a Midwest-based real estate development firm, in the deal.
Castle Rock, Colo. — Marcus & Millichap has arranged the $3 million acquisition of Encore Castle Rock, a retail building located at 20 Wilcox St. in Castle Rock. Cory Gross of Marcus & Millichap’s Denver office represented the buyer, an undisclosed private investor, in the transaction. Well State Healthcare is a tenant at the 8,297-square-foot property. The buyer plans to open a coffee shop and fitness facility at the building, according to Marcus & Millichap.
Westminster, Colo. — Cushman & Wakefield has arranged the sale of a retail portfolio comprising three inline shop buildings located within Westminster Crossings shopping center in Westminster. Coco’s Place acquired the asset from Centre Point Properties for $9.8 million. Totaling 28,705 square feet of gross leasable space, the multi-tenant property was 100 percent leased to a mix of regional and national tenants. Jon Hendrickson, Aaron Johnson and Mitch Veremeychik of Cushman & Wakefield’s Capital Markets team in Denver represented the seller in the deal.
