Longmont, Colo. — Ziggi’s Coffee, with 21 café/drive-thrus across Colorado, Oklahoma and Arizona, plans to open in Pennsylvania, Iowa, Oregon and California — with 16 expected to open in 2020 — as it continues its expansion into new markets. Husband-and-wife-duo Brandon and Camrin Knudsen started the chain on Main Street and 4th Avenue in Longmont in August 2004. Ziggi’s has signed 43 franchisee agreements in seven states, according to Brandon.
Orange County, Calif. and Colorado Springs, Colo. — Faris Lee Investments has arranged the sales of two retail properties located in Southern California and Colorado Springs totaling $26.1 million. In the first deal, an undisclosed seller divested of Brea Center, a grocery-anchored shopping center in Orange County. An undisclosed buyer acquired the asset for $17.6 million. Current tenants include Vons, Bank of America, Pet Wants, Aulestics and Painted Nest. Don MacLellan, Rick Chichester and Jeremy Warren of Faris Lee Investments represented the seller in the transaction. In the second deal, …
Lone Tree, Colo. — The Boulder Group has negotiated the $14.7 million sale of a single-tenant property net leased to Safeway in Lone Tree. The 55,650-square-foot building is located at 9229 Lincoln Ave. along Interstate 25, 17 miles south of downtown Denver. Thee undisclosed buyer is completing a 1031 exchange while the undisclosed seller is a private REIT. Randy Blankstein and Jimmy Goodman of The Boulder Group represented both the buyer and seller in the transaction. Albertsons Co. guarantees Safeway’s lease.
Fountain, Colo. — CBRE has arranged the sale of E Shops at Mesa Ridge, a retail center located at 6825 Mesa Ridge Parkway in Fountain. A Los Angeles-based private real estate fund sold the asset to a private discretionary investor for $4.1 million. Built in 2013, the 9,380-square-foot property features five tenant spaces. At the time of sale, the property was fully occupied by Noodles & Co., Sprint, Jersey Mike’s, Sports Clips and H&R Block. Parker Brown, Matthew Henrichs and Brad Lyons of CBRE Capital Markets, National Retail Partners, represented …
Westminster, Colo. — Marcus & Millichap has brokered the sale of Country Club Village, a retail asset located at 2721 and 2821-2851 W. 120th Ave. in Westminster. A California-based private investor acquired the asset for $9.2 million. Tenants at the 33,091-square-foot property include Caribou Coffee Co., TCBY Yogurt, Ana’s Mexican Restaurant, Hana Matsuri Sushi and Gillett Veterinary Clinic. Ryan Bowlby of Marcus & Millichap’s Denver office represented the buyer in the deal. Phillip Gause, also of Marcus & Millichap, secured financing for the transaction. The financing features a fixed, long-term …
Fort Collins, Colo. — CIM Group has completed the sale of University Center, a grocery-anchored retail property located in Fort Collins. An undisclosed buyer acquired the asset for $23.7 million. Built in 1953 and remodeled in 2004, University Center features 68,334 square feet on 6.5 acres. The property is fully leased to two tenants: Whole Foods Market and Wilbur’s Total Beverage. The single-story building is attached to the north end of a larger shopping center. Brad Lyons, Mike Winn and Tim Richey of CBRE represented the seller.
Colorado Springs, Colo. — Newmark Knight Frank Colorado has arranged the sale of a Roundhouse, a retail building located at 600 S. 21st St. in Colorado Springs. CWC Income Properties 6 LLC acquired the property from 600 S. 21st LLC as an investment asset for $10.1 million. Riki Hashimoto, Dan Grooters, Brian Wagner and Mark O’Donnell of NKF Colorado represented the seller in the transaction.
Denver — JLL has secured $20 million in refinancing for Central Park Retail, a multi-tenant retail center located at 1400 Plaza Drive in the Denver-area community of Highlands Ranch. The borrower is Shea Properties. Completed in 2018, the 61,443-square-foot property is occupied by 21 national and regional tenants, including Ent Credit Union, Rock Bottom Restaurant & Brewery, Shake Shack, Starbucks Coffee, Old Chicago Pizza and Taproom, Torchy’s Tacos and Orangetheory Fitness. Additionally, the nine-building property can be expanded to 64,243 square feet via development of the final pad site. Eric …
Denver — Gart Properties, a Denver-based privately held real estate company, has purchased Orchard Plaza, a retail and service center located at the northwest corner of East Orchard Road and South Yosemite Street in the heart of the Denver Tech Center. Terms of the transaction were not released. Primrose School, Starbucks Coffee, Federal Express and Specialty Appliance are tenants at the 155,000-square-foot property. Additionally, Spice Trade Brewery & Restaurant recently joined the tenant roster and will open before year-end.
Longmont, Colo. — NewMark Merrill Mountain States has signed three retailers to leases at Village at the Peaks, a 442,000-square-foot shopping center in Longmont. The three retailers are Burlington, which signed a 35,032-square-foot lease and will open in spring 2020; Bank of America, which signed a 4,725-square-foot lease and will also open in the spring; and Nothing Bundt Cakes, which signed a 2,253-square-foot lease and will move in this fall. The shopping center is situated 13 miles northeast of downtown Boulder. When the three retailers open for business, the center …
