Conshohocken, Pa. — Conshohocken, Pennsylvania-based CenterSquare Investment Management has acquired four shopping centers in four states. The portfolio includes Trade Court Shoppes Add-On, a fully leased, 14,721-square-foot retail center in Charlotte, North Carolina; Deer Valley Shoppes, a 17,000-square-foot retail strip center in Phoenix; Lake Mead Gateway Plaza, a fully leased, 19,671-square-foot shopping center in Henderson, Nevada; and The Shops at Foothills Mall, a 111,220-square-foot retail center in Fort Collins, Colorado. Together, the shopping centers span more than 162,000 square feet and were 93 percent occupied at the time of sale.
Colorado
Walker & Dunlop Arranges $130 Million in Financing for Mixed-Use Redevelopment of Former VA Hospital in Denver
Denver — Walker & Dunlop has arranged $130 million in financing to fund the mixed-use redevelopment of a former Veterans Affairs (VA) hospital campus in Denver. GM Development, a locally based urban infill development firm, is the borrower. Chris Rumul, Jason Silva, Cole Parker and Mike Valucci of Walker & Dunlop arranged the financing through the U.S. Department of Housing and Urban Development (HUD) 221(d)(4) loan program. This marks the largest HUD 221(d)(4) loan in the company’s history. (The 221(d)(4) loan product is HUD’s construction-to-permanent financing program that funds the …
Realberry Breaks Ground on 140-Acre Avenue South Mixed-Use District at Centerra in Colorado
Loveland, Colo. — Denver-based real estate investor and developer Realberry has begun vertical construction on the retail core of Avenue South, a 140-acre mixed-use project within the Centerra community in Loveland, 46 miles north of Denver. The development will create a walkable district integrating retail, office, dining and thousands of new homes at the intersection of I-25 and U.S. Highway 34. Approved by the City of Loveland in 2023, Avenue South will extend miles of trails and open space while introducing large-scale retail, dining and gathering places to keep pace …
LDP, Garrett Cos. Acquire 30 Acres, Plans Major Retail Development Near Colorado Springs
Monument, Colo. — A partnership between Legacy Development Partners (LDP) and The Garrett Cos. has acquired approximately 30 acres to develop Legacy at Jackson Landing, a 225,000-square-foot retail center located at the northeast quadrant of Interstate 25 and Baptist Road in Monument, roughly 20 miles north of Colorado Springs. The development will be anchored by Target, with other proposed tenants including Marshalls, HomeGoods, Chick-fil-A and Firehouse Subs. Additional retailers and restaurants are currently in active negotiations. Construction is expected to begin immediately, with a targeted opening in October 2027. Fort …
Northglenn, Colo. — JLL Capital Markets has negotiated the $10.2 million sale of Washington Center, a 50,445-square-foot retail center located in Northglenn, a northern suburb of Denver. Jason Schmidt and Austin Snedden of JLL represented the seller, an entity doing business as Northglenn LLC, in the transaction. Rob Bova, also of JLL, arranged a fixed-rate acquisition loan on behalf of the buyer, Lafayette Property Co. Washington Center was 92 percent leased at the time of sale and features 19 tenants across 21 retail suites. Restaurants and retailers at the property include …
Stockdale Capital Partners Completes Recapitalization of 1.1 Million-Square-Foot Lifestyle Center in Denver
Denver — Stockdale Capital Partners, in collaboration with Unified Global Alternatives, has completed the recapitalization of The Shops at Northfield, a 1.1 million-square-foot lifestyle center located in Denver. Since acquiring the property in 2021, Stockton has secured entitlements for up to 1,500 apartment units; relet former anchor boxes to Wayfair and Life Time; and has signed roughly 350,000 square feet of additional leases with retailers such as lululemon, Nike, Sephora, Lucky Strike and a grocer. Current tenants at The Shops at Northfield, which spans 87 acres of retail, restaurant and …
DoubleBay, Midloch Sells 56,000-Square-Foot Single-Tenant Retail Property in Longmont, Colorado, for $13.9 Million
Longmont, Colo. — DoubleBay Partners and Midloch Investment Partners has sold 1630 Pace Street, a 56,000-square-foot single-tenant retail property located in Longmont, approximately 37 miles north of Denver. Situated within the Fox Creek Marketplace neighborhood center, the space is occupied by VASA Fitness, which was converted from a former Safeway grocery store. Mark Thiel and Cory Gross of Marcus & Millichap arranged the sale.
Continental Realty Corp. Acquires Thornton Town Center in Metro Denver for $25.5 Million
Thornton, Colo. — Continental Realty Corp. (CRC) has acquired Thornton Town Center, a 266,008-square-foot neighborhood shopping center located in Thornton, approximately 11 miles north of Denver. Delivered in 1990 and renovated in 2025, the property was 73 percent leased at the time of sale. Malibu Jack’s, The Picklr and Sky Zone Trampoline Park anchor the center, which features a mix of additional tenants such as GNC, Jersey Mike’s Subs, Renegade Burrito, Sally Beauty and Starbucks Coffee. Additionally, CRC plans to pursue a property improvement strategy to enhance long-term value of the …
Integra Real Estate Arranges $5.4 Million in Financing for Interplaza West Retail Center in Metro Denver
Golden, Colo. — New York-based Integra Real Estate Capital has arranged a $5.4 million loan for the financing of Interplaza West, a 31,675-square-foot retail center located in Golden, approximately 12 miles west of Denver. Russell Kimyagarov of Integra secured the financing through a credit union lender. Petco anchors Interplaza West, which is 90 percent leased. Additional tenants include Adio Health Center and Great Clips.
Aurora, Colo. — Thompson Ranch Development has sold Tower Pavilions, an 11,029-square-foot retail center located in the Denver suburb of Aurora, for $5.3 million. The property was fully leased at the time of sale to eight tenants including Jersey Mike’s, European Wax Center, Sport Clips and Tide Cleaners. Jason Schmidt and Austin Snedden of JLL’s Investment Sales and Advisory team represented the seller in the transaction.