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.
Cushman & Wakefield Negotiates $7.3 Million Sale of Single-Tenant Property in Fort Collins, Colorado
Fort Collins, Colo. — Cushman & Wakefield has negotiated the $7.3 million sale of a single-tenant property located in Fort Collins. Built in 1966 and most recently renovated in 2018, the building is occupied by Lucky’s Market. Jon Hendrickson, Aaron Johnson, Aki Palmer and Cole VanMeveren of Cushman & Wakefield, with Peter Pavlakis of Legend Retail Group, represented the seller, McWhinney, in the transaction.
Denver — Fast-casual food-and-beverage brand Smalls Sliders has signed a new, 10-unit franchise deal in Colorado, marking the concept’s first entry into the state. An entity doing business as Mountain Sliders LLC will own and operate the restaurants, which will be situated in metro Denver. Locations will include Boulder, Longmont, Greeley and Fort Collins, with the first unit scheduled to open in 2025.
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