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.
Greenwood Village, Colo. — Westwood Financial has sold Yosemite Center, a 23,847-square-foot shopping center located in Greenwood Village, roughly 12 miles outside Denver. Tenants at the property, which was fully leased at the time of sale, include Chipotle Mexican Grill, Jimmy John’s, Advance Auto Parts, Massage Envy, The Joint and D1 Training. CBRE National Retail Partners brokered the transaction.
Los Angeles — Cal-Coast Development Corp. and Rescore Property Corp. are underway on the development of The Rise Koreatown, a 688,000-square-foot mixed-use project located in the Koreatown neighborhood of Los Angeles. Upon completion, the property will feature 363 apartment units and 52,619 square feet of retail space. Nadel Architecture + Planning is the architect for the project, the first phase of which was recently completed.
Westminster, Colo. — Lance Taylor has joined NewMark Merrill Cos. as vice president of acquisitions for the firm’s Mountain States division, based in Westminster. Taylor, who has 30 years of experience in the industry, will source and oversee property acquisitions and identify and manage new development projects in the region. Most recently he served as principal of real estate investments and development for SL Taylor Investments LLC. NewMark Merrill Mountain States currently owns and operates 10 retail centers totaling 1,500,000 square feet.
Colorado Springs, Colo. — Warby Parker has opened a 2,298-square-foot store at The Promenade Shops at Briargate, a 236,539-square-foot retail center located in Colorado Springs. The store is situated next to Ted’s Montana Grill. The eyewear brand currently operates more than 200 stores throughout the country.
Newport Beach, Calif. — RA Centers has arranged $72 million for the refinancing of a portfolio comprising four shopping centers. Located in Redlands, California, the first property, Orange Street Plaza, totals 155,000 square feet. Vons, Trader Joes, Office Depot and U.S. Bank anchor the center, which was 99 percent occupied at the time of financing. The second property, Front Gate Plaza, is located in Lancaster, California, and comprises 150,000 square feet. Stater Brothers, Goodwill, Wells Fargo, McDonalds, Taco Bell and The Habit anchor the center, which was 90 percent occupied …
Denver — Essex Financial Group has secured $32 million in acquisition financing for the purchase of 2nd & Josephine, a 105,253-square-foot mixed-use property in Denver. Comprising four buildings, the development was fully leased at the time of sale. Bank of America anchors the property, which features retail and office space, as well as 260 parking spaces. Paul Donahue, Cooper Williams, Nate Schneider and Andrea Mehlem of Essex arranged the seven-year, fixed-rate loan through an undisclosed life insurance company on behalf of the buyer.
Monument, Colo. — RealSource Group has arranged the $3.1 million sale of a single-tenant retail building located in Monument. Grease Monkey occupies the 5,309-square-foot building, which was built in 1995 and renovated in 2007. The tenant recently signed a 10-year initial lease. Austin Blodgett and Jonathan Schiffer of RealSource, along with ParaSell Inc., represented the seller, a private investor, in the deal.
Fort Collins, Colo. — A joint venture of entities doing business as Stover LLC, Cheyenne I LLC, Cheyenne II LLC and Meldrum LLC has purchased a 9,100-square-foot retail building located in Fort Collins. Built in 2021, the property is fully leased to Dollar General. Jared Goodman and Anne Spry of Cushman & Wakefield represented the buyer in the transaction. John R. Wertz of Wertz Real Estate & Investment Services represented the seller, an entity doing business as Wellington CO DG LLC.