Elmsford, N.Y. — A joint venture between New York-based DLC Management Corp. and funds managed by DRA Advisors has acquired a portfolio of retail centers for $100 million. The portfolio comprises four properties located in Colorado, New Jersey, Arizona and Ohio. Located in Aurora, Colorado, Cornerstar totals 380,479 square feet and is anchored by Target, Marshalls, HomeGoods, 24 Hour Fitness, Nike and Ulta Beauty. Cross Keys Place in Sewell, New Jersey, comprises 147,694 square feet and is anchored by Michaels, Old Navy, Petco and Edge Fitness. The Shops at Prescott Gateway …
Aurora, Denver, Highlands Ranch, Lakewood, Parker and Sheridan, Colo. — Kimco has signed leases with 15 new tenants at eight of its Colorado shopping centers. InfiniTea, We Knead Donut and EmNet Organics will occupy 869; 1,120; and 3,857 square feet, respectively, at Quincy Place Shopping Center in Aurora. Also in Aurora, Nana’s Dim Sum & Bao, Dirmug by Fryat and Dollar Tree have leased 3,142; 1,130; and 15,270 square feet, respectively. In Denver, Planet Fitness has signed a 23,460-square-foot lease at Highlands Ranch Shopping Center, and Petite Gateaux will occupy 76,725 …
Essex Financial Arranges $13 Million Acquisition Financing for Summer Valley Shopping Center in Aurora, Colorado
Aurora, Colo. — Essex Financial Group has arranged $13 million in financing for the acquisition of Summer Valley Shopping Center in Aurora. Blaire Butler and Matt Perigard of Essex’s Capital Markets team secured the 10-year, fixed-rate loan on behalf of the undisclosed buyer. Summer Valley Shopping Center was 99 percent leased to 18 retailers at the time of financing. Tenants at the property include VASA Fitness and Dollar Tree.
Durango, Colo. — Armstrong Capital Development has purchased Durango Town Center, a shopping center located in Durango. A local private investor sold the asset for $14.5 million. Durango Town Center was 98 percent leased to 20 tenants at the time of sale. Ryan Bowlby and Drew Isaac of Marcus & Millichap’s Denver office represented the seller in the transaction, and Bowlby procured the buyer.
Littleton, Colo. — Hawkeye INVSCO has sold a three-property retail portfolio in Littleton to an undisclosed investor for $15.1 million. Totaling 101,103 square feet, the portfolio includes Marketplace at Ken Caryl, Columbine Plaza and Marina Pointe Shopping Center. Marketplace at Ken Caryl comprises 47,606 square feet and was originally built in 1981. Columbine Plaza offers 33,947 square feet of multi-tenant space, and Marina Pointe Shopping Center features 19,550 square feet situated on 1.8 acres. Jon Hendrickson, Aaron Johnson and Mitch Veremeychik of Cushman & Wakefield represented the seller in the transaction.
Kaysville, Utah — Utah-based indoor pickleball brand The Picklr will open 80 new venues across eleven states, including Arizona, Colorado, Florida, Georgia, Illinois, Minnesota, Nevada, Tennessee, Texas, Utah and Wyoming. The facilities will be opened in partnership with 13 new franchisees. “With seven corporate owned facilities, our first-mover advantage has undeniably led to a high level of interest from well capitalized candidates across the entire country,” says Scott Schubiger, chief growth officer of The Picklr.
Kansas City, Mo. — Kansas City-based Chicken N Pickle has announced plans to open seven new locations by the first quarter of 2025. Plans include locations in St. Charles, Missouri; Allen, Texas; Fishers, Indiana; Henderson, Nevada; Webster, Texas; Thornton, Colorado; and Parker, Colorado. Chicken N Pickle outposts typically comprise 32,000 square feet and feature a restaurant, sports bar, pickleball courts and yard games. The new openings will nearly double the brand’s footprint, which currently includes eight locations.
Colorado Springs, Colo. — Evergreen Devco has sold six retail parcels located at West Mesa Commons shopping center in Colorado Springs. Totaling 8.5 acres, the parcels are situated within a 51-acre mixed-use development project by Evergreen, which also includes an apartment community and townhome community. A 2,213-square-foot Starbucks Coffee occupies one of the parcels, and other tenants include a 5,606-square-foot Super Star Car Wash and a 5,533-square-foot Circle K. Pacific Dental Services plans to begin construction at the property this fall, and Popeyes and Les Schwab Tire Center also plan to …
Denver — New tenants have signed leases totaling roughly 66,000 square feet at Shops at Northfield, an open-air retail center located in Denver, bringing the property to 96 percent occupancy. P.F. Chang’s, Bowlero, Sephora and a lululemon pop-up store are among the new tenants at the center, which comprises 769,359 square feet and was built in 2006. Stockdale Capital Partners is the landlord.
Lakewood, Colo. — Pinnacle Real Estate Advisors has brokered the $14.4 million sale of Westgate Shopping Center in Lakewood, approximately eight miles outside downtown Denver. Eric Diesch and Peter Sengelmann of Pinnacle represented the undisclosed seller in the transaction.