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Nuveen Real Estate Acquires 1.9 Million-Square-Foot Retail Portfolio Spanning Three States for $445 Million

by Abby Cox

Orange County, Calif. — Nuveen Real Estate has acquired a 13-property, open-air retail portfolio spanning three states for $445.5 million. The 1.9 million-square-foot portfolio consists of six properties in California, four in Colorado and three in Washington. This acquisition represents one of the largest anchored retail portfolio transactions completed in the western United States in recent years, according to JLL. Collectively, the assets were 93.5 percent leased at the time of sale and are grocery-anchored by tenants such as Safeway, Walmart Neighborhood Market, Sprouts Farmers Market, FoodMaxx and Grocery Outlet. Additional …

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Quebec Village
ColoradoInvestment salesNews

Continental Realty Acquires Quebec Village Shopping Center in Metro Denver for $31 Million

by Abby Cox

Centennial, Colo. — Baltimore-based Continental Realty Corp. (CRC) has acquired Quebec Village Shopping Center, a 125,000-square-foot retail center located in Centennial, approximately 15 miles south of Denver, for $31 million. Brad Lyons of CBRE represented the seller, Kensington Development Partners, in the transaction. Built in 1988, Quebec Village Shopping Center features a mix of tenants including Walgreens, Chase Bank, GNC, Great Clips, Golf Haus, Starbucks Coffee and Subway, as well as a 43,000-square-foot shuttered Amazon Grocery anchor space. The acquisition of Quebec Village marks CRC’s second retail center in the greater …

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Westage-Renderings
ColoradoDevelopmentNews

Rouler Advisors Begins $2 Million Renovation of Westgate Shopping Center in Metro Denver

by Abby Cox

Lakewood, Colo. — Rouler Advisors has begun the $2 million renovation of Westgate Shopping Center, a 108,867-square-foot retail center located in Lakewood, approximately eight miles southwest of downtown Denver. Improvements will include a full parking lot replacement, new monument signage, building and storefront façades and fresh stucco and siding, along with exterior paint, LED lighting and other amenities. Completion is expected in the first quarter of 2027. In connection with this project, Westgate recently signed a 6,662-square-foot lease with Burn Boot Camp, which joins other tenants such as Planet Fitness, Rocky …

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Lamar Station Plaza
ColoradoInvestment salesNews

Core Acquisitions, Midloch Investment Buy Shopping Center Near Denver for $30.2 Million

by Abby Cox

Lakewood, Colo. — Deerfield, Illinois-based Core Acquisitions and Chicago-based Midloch Investment Partners have acquired Lamar Station Plaza, a regional shopping center in Lakewood, approximately five miles west of downtown Denver. An undisclosed seller sold the property for $30.2 million. Lamar Station Plaza features 271,632 square feet of retail space anchored by Casa Bonita, a Mexican restaurant and entertainment destination owned by “South Park” television show creators Trey Parker and Matt Stone. The 1,000-seat Casa Bonita features live entertainment with an indoor waterfall and cliff-diving pool and accommodates more than 650,000 visits …

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ColoradoDevelopmentGrocery-anchoredNews

Evergreen, Schmer Family Break Ground on 29-Acre Grocery-Anchored Center in Loveland, Colorado

by Abby Cox

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 …

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Wilmore-Center-Wheat-Ridge-CO
ColoradoInvestment salesNews

CentrePoint Properties Negotiates Sale of 52,743-Square-Foot Mixed-Use Property in Metro Denver

by Abby Cox

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 …

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Promenade_MINISO
ColoradoDevelopmentNews

Galway Cos. Signs New Tenants, Advances Multimillion-Dollar Renovation at The Promenade Shops Centerra in Northern Colorado

by Abby Cox

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. …

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ColoradoInvestment salesNewsRestaurants

Red Robin Completes Sale of 108 Restaurants for $89.4 Million

by Abby Cox

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 …

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Stanley-Marketplace
ColoradoFinanceInvestment salesNews

JLL Negotiates $41.2 Million Sale of Stanley Marketplace in Metro Denver

by Abby Cox

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 …

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8400-E-Iliff-Ave-Denver-CO
ColoradoInvestment salesNews

Marcus & Millichap Brokers $8.5 Million Sale of Wabash Marketplace Shopping Center in Denver

by Abby Cox

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 …

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