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ColoradoFinanceGrocery-anchoredInvestment salesNews

KPR Centers Secures $33.9 Million in Acquisition Financing for University Hills Retail Center in Denver

by Hayden Spiess

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
ColoradoGrocery-anchoredInvestment salesNews

KPR Centers Acquires Retail Center in Denver for $56.5 Million 

by Hayden Spiess

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
ColoradoInvestment salesNews

RealSource Group Brokers $2.4 Million Sale of Single-Tenant Property in Lakewood, Colorado

by Hayden Spiess

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
ColoradoInvestment salesNews

Cushman & Wakefield Arranges $14 Million Sale of Shopping Center in Fort Collins, Colorado

by Hayden Spiess

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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ColoradoLeasingNews

Seven New Tenants Sign Leases at The Orchard Town Center in Metro Denver

by Hayden Spiess

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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Sam-Moon-Center_Dallas
ColoradoInvestment salesNews

Marcus & Millichap Arranges $10.8 Million Acquisition Financing for Retail Center in Dallas

by Hayden Spiess

Dallas — Marcus & Millichap Capital Corp. (MMCC) has arranged a $10.8 million loan for the acquisition of Sam Moon Center, a retail center located in Dallas. Built in 2003, the property totals 126,513 square feet of net rentable space. Robert Bhat of MMCC secured the financing through a local bank on behalf of the undisclosed borrower. 

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Luck's_Fort-Collins-Colo
ColoradoInvestment salesNews

NewMark Merrill Acquires 26,602-Square-Foot Retail Building in Fort Collins, Colorado

by Hayden Spiess

Fort Collins, Colo. — NewMark Merrill Cos. has acquired a single-tenant retail building located in Fort Collins. Lucky’s Market occupies the property, which totals 26,602 square feet. Lance Taylor represented NewMark Merrill in the transaction on an internal basis. Jon Hendrickson and Mitch Veremeychik of Cushman & Wakefield represented the undisclosed seller. 

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Lucky's-Market_Fort-Collins-Colorado
ColoradoInvestment salesNews

Cushman & Wakefield Negotiates $7.3 Million Sale of Single-Tenant Property in Fort Collins, Colorado

by Hayden Spiess

Fort Collins, Colo. — Cushman & Wakefield has negotiated the $7.3 million sale of a single-tenant property located in Fort Collins. Built in 1966 and most recently renovated in 2018, the building is occupied by Lucky’s Market. Jon Hendrickson, Aaron Johnson, Aki Palmer and Cole VanMeveren of Cushman & Wakefield, with Peter Pavlakis of Legend Retail Group, represented the seller, McWhinney, in the transaction. 

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