Colorado

Edgewater Public Market

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.

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The Orchards

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.

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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 …

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University-Hills-Denver-CO

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 …

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University-Hills_Denver

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. 

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Grease-Monkey_Lakewood-Colo

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. 

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Harmony-Commons_Fort-Collins-Colo

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. 

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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. 

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